Good morning all!
Daily Report
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Location - WFH
Weather - Too dark to see!
Parish Notes - If you're in a situation where you're sorting out your deceased parent's estate and you're worried about inheritance tax, remember that if parent 'A' dies without a will, Parent 'B' doesn't "inherit" assets, they are transferred. So when parent 'B' dies, the offspring "inherit" from both parents so the threshold for inheritance tax is £650k, not £325k.
You lot are probably aware of this. But if not, there's a heads up.
Daily Report
########
Location - WFH
Weather - Too dark to see!
Parish Notes - If you're in a situation where you're sorting out your deceased parent's estate and you're worried about inheritance tax, remember that if parent 'A' dies without a will, Parent 'B' doesn't "inherit" assets, they are transferred. So when parent 'B' dies, the offspring "inherit" from both parents so the threshold for inheritance tax is £650k, not £325k.
You lot are probably aware of this. But if not, there's a heads up.
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