Inheritance Tax and the liability of Personal Representatives

Stephen Woodward recently presented a webinar for SG Legal Conferences and Online Learning (Simon Gore Consulting Ltd) entitled “Inheritance Tax and the liability of Personal Representatives – Who ends up paying?”.

Areas covered included:
• The distinction between liability to and burden of Inheritance Tax;
• Liability to Inheritance Tax for lifetime and on death transfers of value;
• Limitations on liability to Inheritance Tax – how much PR’s, Trustees and individuals be liable for and priority of liability between different persons each liable for the same tax;
• The burden of Inheritance Tax – Who ends up paying ?
• Practical problems for PRs of deceased transferors and transferees;
• Practical protection for PRs

Stephen Woodward
swoodward@threesone.law