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Inheritance Tax Query

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  • Inheritance Tax Query

    So when my father passed my stepmother was granted a life interest in the marital home where she still lives. I am a beneficiary of half of the property which will be sold when my step mother passes. My question is if I were to pass before my step mother how would this inheritance be treated for inheritance tax and how would this impact on my estate?

    Trust that makes sense
    Tags: None

  • #2
    Unless the Will has provided for the instance where a beneficiary passes before inheriting, such as that inheritance passing to the beneficiaries spouse or children, then the inheritance would fail. It may be a good time to discuss matters with the stepmother to ensure that the actual wishes of your father are carried out if the actual wording does not show this.

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