H&W separated , not divorced , IHT , NRB?

H&W separated , not divorced , IHT , NRB?

Didn't find your answer?

H left W and 4 children to go off with younger model. 

H & said model no longer an item.

H transferred his half share of the house (value of whole £1m) to his wife because he felt bad about the whole thing.

H is left with very little, W owns house.

W has said that on her death house will go to 4 children.  (fair enough)

H Is in rented property and starting from scratch again.

Problem:  should W die first W will not have H's NRB to use (potentially this will be wasted).

Possible solution could be W leaves H a liferent in the house on her death with capital passing to children on H's death.  Only applies if W dies first.

4 children are grown up.  Only 1 of them live in the house and will continue to live there.  All said and done - all 6 seem to get on reasonably well considering.

Seem reasonable? 

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.