Pblakeney
Legendary Member
Is it stupid to not avoid paying IHT?
My kids are adults and reasonably well off. We have already given them a lot of money and told them that the money and property we have left is going to ensure that my wife and I have enough to live a comfortable life, including enough to pay for one or both of us to go into a decent quality care/nursing home should we have to, which is a possibility we must consider in our late 70s.
With the allowances we have they should inherit a tax free million quid between them, or more once tax is paid, if we remain healthy enough to stay independent. They are in full agreement with our plans.
If we had no kids then why should we worry about IHT?
Well done you for reading a post and interpreting the complete opposite of what was written.
I was replying to a post saying people paying IHT was the shocking part of the story. I'm saying those are the stupid ones.