Blog
From garage to unicorn – Employment law lessons for scaling tech teams
Catherine Bourne
Sibling concern over equal treatment can linger well into middle age and beyond; it reveals itself after a parent’s death or during their old age through arguments over who has had what and who’s going to get what. We’re not legally obliged to leave our estate to our children in equal shares or, indeed to leave them anything at all.
Saving Inheritance Tax (IHT) on death by making a gift and surviving by seven years is standard tax planning sanctioned by statute. However, if you make a gift but ‘reserve a benefit’ in the property given, it will still be brought into charge on death, regardless of how long you survive.
Property can be owned jointly in two ways: as Beneficial Joint Tenants or as Tenants in Common. This blog looks at the differences as well as the pros and cons of each.
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