I would be grateful for any assistance from members on the following situation.
I have clients in their early seventies who are not married ( they would consider marriage if required).
The couple have one child together and there is another child who belongs to the mother from a previous relationship.
They have a house worth approx. £1million and very little in the way of liquid assets.
They wish to treat both children equally.
They also want to plan so as to minimise any inheritance tax ( thinking of RNRB) and where possible plan so that they can ring fence some of the estate from care home fees.