If a person gives away a sum of money in excess of £3,000 then passes away within seven years the amount gifted is brought back into the estate on a sliding scale. More...
Tenants in Common refer to how property or land is owned. Tenants in Common have a defined proportion of the property
A Testator is a male who makes (i.e signs) his Last Will and Testament.
A Testatrix is a female who makes (i.e signs) her Last Will and Testament.
If your entire estate is passed to a spouse or civil partner you automatically transfer your nil rate band to your spouse or partner as well.
The designated people to run a trust
Trusts are used to hold money for the benefit of others