Wife died November 2018 net estate £408,000, excluding joint dwelling to husband by survivorship.
Her estate bequeathed to 2 children & 2 grandchildren, all 4 residual legatees over 18, IHT paid £33,200.
The widowed husband died November 2019. His net estate including the dwelling £452,200. This value less than £625,000 (his Nil Rate & RNR x2) No IHT payable.
To obtain repayment of IHT paid by late wife’s executors, Deed of Variation prepared to provide £83,000 pecuniary bequest for (now deceased) husband & residue to 4 legatees. One of the 4 residual legatees is refusing to execute the Deed, to obtain £33,200 IHT repayment. The two year clock is ticking, the residual legatees have been provided with calculations & advised to seek independent Tax/legal advice. One residual legatee is still refusing to execute the Deed.
I’d be grateful for any advice Forum members can offer.