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It’s only funeral expenses and liabilities at death

its only funeral expenses and liabilities at death

It is surprising how many people think that legal costs during probate and other expenses incurred during the administration period can, in some way, reduce the value of an estate for inheritance tax purposes. When this misunderstanding is pointed out people do tend to see the logic. What counts is the value of the estate as at the date of death.

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A tip for will makers
Quiet times, can they last?