Post death variation Flashcards
(7 cards)
1
Q
Who can bring a claim under Inheritance Act?
A
- spouse not remarried
- child/treated like child
- wholly/partlumaintaing by D immediately before death
- lived with D 2 year prior
- Spouse
2
Q
reasonable financial provision standard
A
- Spouse standard
- Ordinary standard
3
Q
Spouse standard of reasonabel financial provision
A
How much would they hvae got on divorce
4
Q
Ordinary standard
A
Enough for maintenace of reaosonable person?
5
Q
anti avoidance -person might give away property in their lifetime so that on their death it doesn’t part of their net estate on which orders can be made
A
doesnt matter - gifts made less than 6 years before death treated as part of estate
6
Q
disclaim will
A
go back to T/b’s issue - treat as if they died
7
Q
vary will
A
redirect to new person, only taxed once CGT/IHT
