Inheritance tax is a tax that needs to be paid by a person or their estate and is most commonly paid when someone dies or when setting up a trust.
Demi Trunks
AssociateDemi is an integral member of our Private Client department, dealing primarily with Wills, Probate, Inheritance Tax, Trusts and Lasting Powers of Attorney. Demi also specialises in property matters, including dealing with Probate properties, First Registrations, Trust Deeds and a transferring properties to beneficiaries.
Demi also sits on our Employee Council and Board of Trustees.
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On 26 July 2023, there were some changes to the intestacy rules in England and Wales. These changes will affect everyone who dies intestate (without a valid Will) after 26 July 2023.
You may want to pass an inheritance down to your children or the younger members of your family who could do with it more. But to avoid doubling up on inheritance tax, it is important to understand the 7 year rule.