Not naughty at all, just trying to protect one"s own, and give them what you have worked hard for .
I thought that was being binned this year?
Worry not Rehab. All daughters love their dads and all dads trust their daughters - donāt they? :twisted:
Mmmmm? Thatās open to debate, but We do love her tonsā¦
Not heard of that.
Maybe I misread something further up about houses now being exempt if they are worth under Ā£1 million ?
Here you are Sweetpea, see if this clears your poor head (or makes it worse). 
I am all discombobulated Mups 
So I have to live till 2020/2021ā¦ I think I might just manage that
Oh No, poor you. Go and have a lie down in a darkened room and get Mrs. Rehab to mop your brow and feed you grapes.
That should do the trick, but if not let me know and I will get you some different pills once the vet is open tomorrow.
Yes George Osbourne made some complicated ruling that the family home up to the value of Ā£1million can be passed on free of IHT to immediate family but its not as straightforward as it sounds .
Now that figures but thanks for the input everyone, some good advice, lots of links to look at and further research to be doneā¦on the other hand I could just have a ball and spend the lot
Want any help?
Pretty confident of the wifes intentions then
Pretty sure, I have her locked and chained in the cellar
The Ā£1m is what it will finally be. Itās going up in stages each year until 20/21. You currently have Ā£650k. I think itās an extra Ā£200k from April 17, then 50k increase each year (up to the 350k in 2021). The extra is only applicable to offset against the main residence (im not quite sure how the maths for that bit works in practice).
In terms of probate make sure you have all the original share certificates and recent valuations filed away so your daughter doesnāt have to request them from the issuer. Share data can be quite a pain to gather, particularly obtaining recent valuations.
I just saw this thread as I was about to post my own. Some good answers here and they go a fair way to answering my own questions but this is my own storyā¦
My mother passed away a week ago and since my dad died of dementia complications six years ago, my sister took on Power of Attourney to look after my mumās accounts, money from the sale of the house etc as she herself succumbed to dementia also and was placed into a care home.
So the āP of Aā, which is controlled by the Court of Protection, then gave my sister a cheque book to cover any expenses plus my mumās pension and we were asked for twice-annual updates of spending etc.
Like susanm above, I was under the impression that when my mum died, the money left in the account could be split equally for my sister and myself taking into account other bits and bobs detailed in the will. But my sister now says that the bank has frozen the account and it needs to go to probate.
Why is this, how long will it all take to get sorted? Does the tx man take anything (the account is worth approx. 90k.)
Iām asking for advice mainly so I know what Iām going to be talking about when I have a meeting with the bank later this week.
Many thanks 
Sorry to hear that Floydyā¦best wishes mate.
Rehabā¦have you thought of gifting your house to your daughter?
Sorry for your Loss Floyd
We left it to our solicitor to do Probate , i think it took something like 4 weeks , I dont think the tax man will take anything , you are allowed so much inheritence , ours was a property to the value of Ā£130K we had nothing to pay on that .
Sorry to hear about you dear Mother, Floydy.
x