The husband died last year . There was a NRB discretionary trust in the will. The solicitors dealing have placed one half share of the house in a discretionary trust. (the value of the whole house was 700K). The residue of 100K passed tot he wife.
The wife has half share of the house £325K and a further 400K
She isn’t very well and it is hoped she will survive for the next year or so.
Assuming that she survives until April 2017. Will she be able to use her husband’s RNRN as well as her own. I understand that HMRC don’t recognise a NRB DT but she owns a part share of the home in her own right and she is leaving it to her children.
I assume that if this is possible the amount claimed cannot exceed the value of the share of the property.
Any assistance would be appreciated