Hi,
I've been told that if you don't make a will, if your estate is over some amount, 250K I believe, the government takes the rest or wants 40% of the
rest? Is this true? My wife and I live in the south east, and not
surprisingly, our house is worth around this figure, so I'm a little
concerned, should I die (the house is in my name) that she might get a large
tax bill, if I do not make a will. Surely this is not right?
To complicate matters slightly, my wife is not English, so is not domiciled here for tax purposes.
Kind Regards, Shane Cook.
I've been told that if you don't make a will, if your estate is over some amount, 250K I believe, the government takes the rest or wants 40% of the
To complicate matters slightly, my wife is not English, so is not domiciled here for tax purposes.
Kind Regards, Shane Cook.