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Inheritance Tax Allowances – You can now give £1,000,000

The headline certainly grabs everyone’s attention, with commentary on the Budget 2020 advising that you can now pass on more free of inheritance tax, but (and there is a big ‘but’), this is only if your assets pass on to certain people and comprise of, or has comprised of, a residence that you have occupied as your home.

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The Intestacy rules

When a person dies without leaving a valid will (i.e. they have died intestate), their estate will pass in accordance with the rules of intestacy. There can also be a “partial intestacy” which occurs where there is a valid will, but that will fails to distribute the whole of the estate.

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Co-parenting after relationship breakdown

Working out how to co-parent is undoubtedly one of the most challenging and emotional aspects of a relationship breakdown. In the immediate aftermath, emotions are likely to be high and decisions about child arrangements are inevitably not easy.

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