Dear Mary…
Q. I am the only child of parents in their seventies who are not super-rich but who do own a house in Dorset worth more than the £265,000 one is allowed to inherit before the 40 per cent inheritance tax comes into play. Ideally they would hand ownership of the house over to me now in the hope that they will live for another seven years (at least!), so I can avoid paying this tax, but I feel I cannot make this suggestion to them myself. Nevertheless it is impractical not to take what steps one legally can to prevent wasting money. What do you suggest, Mary?
Name and address withheld
A. Casually mention to your parents that you have made an appointment with your own solicitor because you need to draw up your will, or amend your existing one.

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