Clarification on Excepted Estate Requirements: Must All Estate Pass to Spouse or Can Some Go to Other Beneficiaries?
Thanks for a great question/comment. Another way of looking at the point is to see it as a situation where an Inheritance Tax account (IHT400) is NOT required when applying for Probate. The rules around this changed in 2021 – most notably perhaps raising the excepted estates upper limit from £1m to £3m. The requirement is (and was) that the [...]
