Luckily in UK, married couples get that each and it's carried over.
Pen's parents were canny.
Luckily in UK, married couples get that each and it's carried over.
And yet, the Scottish Wars of Independence (Bannockburn and all that) pitched one set of Norman lords against another set of Norman lords.Cousin Jack wrote: ↑Fri Nov 17, 2023 9:16 pm
Since Scotland avoided getting conquered by William the Conqueror…
People have done that and then seen how the younger generation can lose interest in you, once you give your stuff away.Potter wrote: ↑Sat Nov 18, 2023 7:21 am As far as I know, you can give your whole estate away (money, everything) perfectly legally, before you die, and as long as you don't die within six years then there will be nothing to pay when you die.
I didn't realise this and I thought that there was a limit on how much you could gift or give away, but apparently not.
So if you trust the people you want to give your money away to, then you can give it to them now or sign your property over to them now.
If whatever you sign over generates an income then it will affect their tax position, but aside from complications such as this, I think the basic principle is valid.
I think it’s seven years, and there are a few caveats* but it’s essentially right.Potter wrote: ↑Sat Nov 18, 2023 7:21 am As far as I know, you can give your whole estate away (money, everything) perfectly legally, before you die, and as long as you don't die within six years then there will be nothing to pay when you die.
I didn't realise this and I thought that there was a limit on how much you could gift or give away, but apparently not.
So if you trust the people you want to give your money away to, then you can give it to them now or sign your property over to them now.
If whatever you sign over generates an income then it will affect their tax position, but aside from complications such as this, I think the basic principle is valid.
Yeah, human beings can be horrible creatures, I'm sure we've all heard stories of fights after the death of parents where their kids actually come to blows over the inheritance. I don't require anything when it happens, which is good because I can see how it could turn awkward with some of the characters in my family, so I'll step back and let it pass me by.
Also depends if you're seen to have deliberately deprived yourself of assets to avoid care costs doesn't it.
Be VERY careful and take advice before giving away property!Potter wrote: ↑Sat Nov 18, 2023 7:21 am As far as I know, you can give your whole estate away (money, everything) perfectly legally, before you die, and as long as you don't die within six years then there will be nothing to pay when you die.
I didn't realise this and I thought that there was a limit on how much you could gift or give away, but apparently not.
So if you trust the people you want to give your money away to, then you can give it to them now or sign your property over to them now.
If whatever you sign over generates an income then it will affect their tax position, but aside from complications such as this, I think the basic principle is valid.
It looks quite climbable, but I think the real reason they've put it up is to hide all that plastic grass.Bike Breaker wrote: ↑Sun Nov 19, 2023 8:37 am I'm not commenting on the rights and wrongs of what the couple has done by building a high fence to protect their autistic daughter who has 'a tendency to climb'. However, does anyone else see a fundamental flaw in the design of the fence?
https://www.bbc.com/news/uk-england-not ... e-67438457
Should it have snakes at the bottom, or piranha-infested water?Mr. Dazzle wrote: ↑Sun Nov 19, 2023 9:54 am 10ft deep trench would be effective and would allow the planning friendly fence
When I was ten I regularly vaulted six foot fences to get into a building site, those horizontal batons won't make much difference.Bike Breaker wrote: ↑Sun Nov 19, 2023 8:37 am I'm not commenting on the rights and wrongs of what the couple has done by building a high fence to protect their autistic daughter who has 'a tendency to climb'. However, does anyone else see a fundamental flaw in the design of the fence?
https://www.bbc.com/news/uk-england-not ... e-67438457
Probably against their human rights. These days you'd have to install multiple warning signs and have to pay damages if scum tried to climb walls and hurt themselves while trying to get into your property.