‘Rise in Cohabiting Couples Choosing Death Bed Marriages [UK]’

“Many couples are wedding shortly before one partner dies, presumably for the tax and probate benefits of such transactions. In the United Kingdom, everything that passes to a surviving spouse is exempt from inheritance tax. The spouse also inherits at the probate value, meaning when a major asset is sold the capital gains tax will only apply on the increase of value from when the person passed away …” (more)

[Gerry W Beyer, Wills, Trusts and Estates Prof Blog, 21 January]

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