Arford Henderson Law

Estate Planning advice

jointly-owned property

What happens to jointly-owned property when someone dies without a Will?

This depends how the ownership of the property is structured at the Land registry. Married couples normally own property as “beneficial joint tenants“, meaning the property goes entirely to the deceased’s spouse or civil partner. The same principle applies where this form of ownership is used but the joint owners are not married. Here, though, …

What happens to jointly-owned property when someone dies without a Will? Read More »

potentially exempt transfer

How to get the most from a ‘potentially exempt transfer’?

This is a common way of gradually reducing your IHT liability. You don’t immediately incur Inheritance Tax when you make certain gifts while you’re alive. And if you continue to live more than 7 years after you’ve made the gift, it becomes fully exempt from Inheritance Tax. However, you must be sure that you can …

How to get the most from a ‘potentially exempt transfer’? Read More »

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