Executors take care – you might be liable for IHT even if you are not a beneficiary. One case offers a cautionary tale. Glyne Harris was left owing HMRC £340,000 in death duties after discharging the assets of an estate on what he claims was the understanding that the beneficiary would pay the IHT owed. But the beneficiary left the country for Barbados without paying up. Mr Harris launched an appeal but tribunal judge Nicholas Aleksander rejected it. Nigel Jones of JMD Law, commented: "It doesn't necessarily depend on the size of the estate, but it can pay to instruct a lawyer where, as in the case with Mr Harris, inheritance tax is payable."
Court of Protection Practitioner
Working within our Professional Deputyship Team under the supervision of Nigel Jones. Grade A or B candidate preferred but must have some COP, Wills & Probate experience. Common sense and the ability to work in a team environment is essential. For full details, please email your CV to email@example.com.
Lawyers have warned that families are disinheriting children by wrongly completing 'Do It Yourself' Wills.
Wealth investigators share £200m bounty
Three wealth investigators have shared about £200m in bounty fees after tracking down the assets of Georgian billionaire Arkady "Badri" Patarkatsishvili. However, the firm they used to work for is suing them for a share after they left to set up their own agreement with the billionaire’s family. Former solicitor Ben Marson and two associates became multimillionaires after identifying $3bn of assets and taking a 15% success fee for everything over $500m.
The Sunday Times, Page: 13
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