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The Martin Lewis Podcast

Inheritance Tax & Probate: What you pay, what you needn’t pay, how to find the cash, trusts, probate, gifts & more.

The Martin Lewis Podcast

BBC

Business

4.2789 Ratings

🗓️ 17 June 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

The ‘Not The Martin Lewis’ Podcast: Where Martin asks specialists your questions

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, podcasts.

0:04.7

Hello and welcome to the Not the Martin Lewis podcast, which rather confusingly is an offshoot of my normal The Martin Lewis podcast.

0:12.8

The difference? Well, there are some subjects that are outside my wheelhouse or I can't answer questions on due to regulations.

0:18.7

So in this podcast, I'm joined by specialists

0:22.1

and I'm asking, not answering the questions. Well, it's me. I might chip in with the odd note or two.

0:28.4

And crucially, too, it's you who sets the agenda. It's all about getting answers to your questions.

0:33.4

In this pod, it's all about inheritance tax and probate. I'll give you my five inheritance tax need to nose.

0:39.9

We'll talk about what counts for the main residence exemption.

0:43.6

How it all works for those who've been married multiple times.

0:47.0

How you can find cash to pay inheritance tax before probate.

0:50.3

After all, there are a lot of probate delays, and we'll be talking that too.

0:53.3

How trust works and what are the rules on gifting?

0:56.8

Play the theme tune.

1:00.3

I got meals. I got to pay.

1:04.6

So I'm going to work for a work for everything.

1:08.2

I got a mouth.

1:10.4

I got a fee. So I'm going to this program. I'm glad to feed.

1:11.3

I have to make sure everybody is.

1:15.4

So I'm delighted for this program on inheritance tax to be joined by three guests.

1:20.3

We have Carrie Mellon, who is a charter tax advisor at OPES tax.

1:24.8

I have Kiranbao, who is a solicitor specialising in wills at Russell Cook,

1:30.0

and we have Rebecca Bennyworth from Rebecca Beneworth and co, who's a chartered accountant,

...

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