The thing is - on 25K, they won't be even close to inheritance tax levels...
unless maybe they are already a high-earner, in which case, they should STFU.
( Dave Trouser ; the people's choice - 75% agree, Tue 4 Jun 2024, 12:43, archived)

IHT is not linked to income level.

(THE MONGDADDY Wibble jib-jib!, Tue 4 Jun 2024, 12:49, archived)

Not unless he's handing you a cheque for £2300 and you haven't filed your accounts for years.
Oh sorry, you said IHT.
(The Porcupine From Purgatory we of all lost both have them, Tue 4 Jun 2024, 12:52, archived)

Interim payment

( mongychops, Tue 4 Jun 2024, 12:52, archived)

Inte pay nt

Really.
( Undulating Tentacles of Love getting fun down to acceptable levels, Tue 4 Jun 2024, 13:57, archived)

Well, you'd be right
but that's what was left over in cash after setting all the accounts. There's a 2 bed bungalow to sell in South West Wales now. It's in a relatively desirable area and it was valued at £300k, which I think was frankly ludicrous, but we ought to be able to get £250k.

By the time it's all settled they ought to be looking at £100k each.

I've been working on this since November 2022, from sorting out the death cert. and arranging the funeral, right through to clearing the house and tracking down all the money due to the estate. I've had to deal with those grubby cunts for way too long.

Having said that, there's on beneficiary who had no idea the money was coming - she's my friend's niece, lives out of the UK. She's been very nice to me, thanking me for everything I've done so that's been satisfying. I think she's fairly young and it'll be a big help to her.

The brothers have been unrelenting arseholes. My friend asked me to be an executor because she knew what her brothers were like, why she gave any money to them is beyond me. I'd have given it to Macmillan Cancer Research and written them letters telling them what shuddering twats they were and how happy I was to not give them anything but I guess her Catholic guilt kicked in or something.
( garold you're on mute I SAID YOU'RE ON MUTE, Tue 4 Jun 2024, 13:50, archived)

ah, lack of planning by the previous owner.
The way to do it is to set up a trust, which owns the property. You make the intended relatives a partner in that trust. That way, when you pop yer clogs, they don't pay a single penny and inherit the property. Make sure a financial advisor is a silent partner, as they can settle any stalemate arguments that might arise later.
( Dave Trouser ; the people's choice - 75% agree, Wed 5 Jun 2024, 13:26, archived)