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Widow’s estate

24 January 2012
Issue: 4338 / Categories: Forum & Feedback , Inheritance Tax
A woman's husband died in 1973, before she became resident in the UK. She occupies a UK property with a son and daughter, while a second son lives elsewhere

I have a widowed client who is 65 years old. Her husband died in 1973. Neither she nor her husband had lived in the UK previously nor held any assets in the UK at the time.

It is understood that all assets owned by the husband went to her on his death though there is no conclusive documentation to support this.

She has been resident in the UK with her two sons and a daughter since 1980. Her main asset is her house worth £900 000 which she occupies with her son and daughter.

She also has cash of approximately £10 000. Both sons are married while the daughter is single. The older son lives separately and has four minor children.

On her death my client’s wish is for the home and cash to be put into trust for the benefit of her younger...

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