A poplar thing at the moment is skip a generation and for grandparents to leave their estate to the grandchildren.
This is done to try and avoid inheritance tax.
As the estate has to be worth £650,000 plus to attract inheritance tax I think all money willed direct to grandchildren should be taxed at 40% as it is likely the parents estate will be worth that amount.
Also the council should be able to claim the estate back from the grandchildren for the parents care home fees if necessary.
Gerry
Gransnet forums
Legal, pensions and money
Don't encourage him Nonu
AKA 
What, jingl - "Gerry"? 
No!!! Not "Gerry" yer daffie oompah!
Gosh your brain is definitely working overtime today Gerry. I don't have grandchildren so am leaving everything to nephews and nieces - does that count
No it wouldn't work! You'd be dead by then wouldn't you? 
You need to give it all away before you get old enoough to need care! Or spend it (even better )
That's what I'm trying to do two cruises booked at present. Where do I go next? I've always wanted to see india
You could leave some to DGC, Galen! Better than leaving it to Frank, anyway...
Oh! But Frank would take such good care ot it
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