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I never thought I would be in a position to leave my children with an inheritance tax bill but with the way house prices have soared, I’m worried it may affect my family.
I know that you start paying inheritance tax at £325,000. I also know that if you leave your home to your children — which I intend to — the tax threshold increases to £500,000.
I have been living with my partner for almost seven years in a house that I own and is in my name only. We are not married and my concern is that he might end up homeless if I die before him.
My house is worth about £250,000 and I have roughly £140,000 in savings and investments.
If
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