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So would you agree its a plausible way to avoid inheritance tax? Alternatively, could the 6 people be named as beneficiaries and then apartment simply sold for same price?

Thanks Thirsty. I realise its a dangerous option alright.. not necessarily one we'll take.

No I haven't made anything up. Putting 6 people on the deed is a hypothetical option that we have, and I'm merely trying to see if it's plausible or not. To which I haven't gotten any feedback except, 'don't do it' and 'get a solicitor'.

It's a hypothetical solution, but thanks for the advice

Why? Apart from the obvious reasons

I got mixed up thinking about 'order of who would be appointed administrator. Yes they'd all be entitled. Is that scenario plausible?

sorry yes, they are all entitled.

Yes, all would be entitled. Say decided that way 'first' person entitled on intestacy

Situation: Assets amount to total of a single apartment worth 195,000e . No will. It is not intention to sell the apartment. Question: Could 6 group B beneficiaries be named to inherit 32,500e each (right up to tax free allowance). Therefore 6x 32,500 = 195,000e. The deed/ownership of the...

Thanks Thirsty.

Hi, I'm filling out a CA24 form and for Part 4 'Property in the State passing under the Will/Intestacy of the deceased' I have a question. Situation: Deceased owned apartment worth 300,000. Mortgage balance 90,000. Question: For Part 4 section 1 (Gross market value at the date of death of...