Troublesome Sister (Alley Dogs S.)

Product Information

Where to invest for a Labour government: City eyes winners and losers from Keir Starmer premiership Your grandmother could also leave part of her estate to any children of your brother and his wife, either outright or in trust, or with them having the right to capital and your brother to income, although the income would most likely be taken into account in a divorce.

A previous column explains how deeds of variation work, but the important issue here is it would mean that any change to the beneficiaries would be deemed to have come from the original will and not as a gift from you. This does not guarantee that no claim will be made by his wife, especially if he benefits from the trust during their marriage. Although not legally binding, these will usually be upheld by the court providing all the conditions are met.This National insurance cut is welcome but it doesn't fix Britain's stealth tax problem, says SIMON LAMBERT Heather will do her best to reply to your message in a forthcoming monthly column, but she won't be able to answer everyone or correspond privately with readers. Nothing in her replies constitutes regulated financial advice. Published questions are sometimes edited for brevity or other reasons.

However, the important rule to remember is that if you make gifts in your lifetime, then inheritance tax could be payable on them when you die, if they are made fewer than seven years before the date of your death.Heather Rogers, founder and owner of Aston Accountancy, is our tax columnist. She is ready to answer your questions on any tax topic - tax codes, inheritance tax, income tax, capital gains tax, and much more. Regarding your further options if your grandmother left everything to you, a deed of variation in your brother's favour could be made within two years of your grandmother’s death. Leading women in technology warning that sexism risks being embedded into computer systems because so few female executives work in AI It is only if the person has recently passed away and the inheritance is definite and/or due very soon that the court might consider it to be relevant. It would need to be declared if received prior to a financial settlement being agreed. How do you protect inheritances in case of a divorce? The inheritance would be in your estate meaning that all gifts you give your brother would fall under the seven-year rule.

However, it is important to be careful that a deed of variation could not be seen as denying your brother's wife financial relief.After the Chancellor declares ‘it’s time to get Sid investing again’... Where to shop for ‘bargain’ UK small caps INVESTING EXPLAINED: What you need to know about PIK Financing - where borrowers aim to save money by not paying interest during the loan term SHARE OF THE WEEK: Pets at Home has swerved gloom felt by peers over past few years, but will resilience waver at its second quarter trading statement Government allows houses to be split into flats without planning permission: Who wins and who loses from this controversial policy?