I am hoping the forum can answer a question for me, a client of mine, the week before she died made several cheques out to her grandchildren and children and posted them, they were not cashed before she died, this is a taxable estate.
I am of the opinion, from my STEP studies! That the cheques are unperfected gifts and fail because they had not cleared before she died however I have had a conflicting opinion in that because she didn’t cancel them they are valid still.
I need to know the correct answer because a) has she successfully used her annual allowance if they are valid?
b) can they be cashed once we have probate?
I thought I was pretty certain as to the answer but would be grateful of your help.