Good morning
I have a situation where Wife has just died. Using Gov.UK IHT checker we will need to use her late Husband’s transferable NRB. Wife was her Husband’s executor. The executors in this case are the daughters of the couple. The daughters have passed a copy of the Husband’s probate and will which left everything to the wife ie their mother. They do not consider that Husband/Father made any lifetime gifts within last seven years of his life.
Do you consider that it is necessary to gain sight of IHT205 for his estate (which will probably be difficult to obtain) or is it safe to rely on their understanding/belief? The Solicitor completes the checker and the execs and solicitor/probate practitioner will make the Legal Statement. I assume that if the execs receive the usual advice relating to making a legal statement, that this will discharge both their reporting responsibilities and my professional duties.
Your comments would be appreciated.