Forget gifts inter vivos, insurance stuff, trusts, businesses ...

I want some really innovative ideas.

If you have something to suggest, please post a Comment and suggest a
suitable price ...

And we can take it from there.

Many thanks!

---

Clarification of Question by probonopublico-ga on 01 Dec 2003 21:21 PST

OK ... I get the message.

Hello again probonopublico.

One thing you might want to consider is equity release.  Here is a brief overview:

"Inheritance Tax
Under current rules you are allowed to bequeath up to £242k tax free.
Evereything above that is normally subject to inheritance tax at 40%.
By selling part of your home to an equity release company, that
proportion is removed from any tax calculations, making equity release
a good, tax efficient vehicle in some cases.

This can enable you to use money to improve the quality of your life,
rather than use it to pay inheritance tax after death.

The inheritance tax rules currently allow you to give away assets as a
potentially exempt transfer, which, as long as you live for seven more
years after making the gift makes them free of tax, you cannot do this
with your home.

Inheritance tax laws, as with all tax laws, are necessarily
complicated and detailed. It is best to seek professional advice
before making any decisions based on the potential tax implications."
http://www.equity-release-uk.co.uk/equity-release-considerations/inheritance-tax.html


Best regards

THX1138

(My Mum and Dad have done it!)

Or alternativley.........

Ask thx1138-ga to answer several hundred $2 questions all with $200
dollar tips (which as you know are not subject to the 25% Google
share) I then 'look after' the money in my account in Brazil (where
fiscal laws are somewhat flexible) and I administer the money for you
after you 'expire' as stated in your will (all for a small percentage
naturally) there we are, brilliant!

I'll keep an eye out for the first $2 question ;)

Very best regards

THX1138

Invest in F1 motor-racing

Hi, thx, etc., etc.

'Equity Release' does not address the problem: it simply switches an
amount from property to cash, although the costs involved will cause
some depletion to an estate.

Translating a hard currency into a soft currency is a surefire way to
lose money and it could work out much more expensive than suffering
Inheritance Tax (Of course, it's not me that suffers, simply my
estate).

There is also a totally insoluble hurdle to overcome: how can a humble
questioner possibly unmask a wily researcher ...

That's totally against the rules!

Sorry thx, etc., etc. Back to the drawing board.

A character in one of my Murder Mystery scripts tried this technique -
before, it being a Murder Mystery, her plans went horribly wrong.

As the heiress to a Stately Home, full of heirlooms, she moved rapidly
ahead of the cataloguer, removing priceless objects, and parcelling
them up for sale as Bric-a-brac at the local fete. She then intended
to purchase them herself "on the open market" which by some quirk of
law relating only to art objects etc.  would then give her direct
title to them.

Script is copyright; though if you try this and get away with it, I'd love to know !

Hi, Angy

If ever I become the heir to a stately pile and get the opportunity to
outwit the usual thieves then I shall give it a go.

If it works then I shall signal my success with a coded $200 Question:

[Start]

For Angy-GA Only 

It worked! (Wink, wink) Thanks.

Now I have more loot to worry about.

What to do next?

[Ends]

Naturally, 5 Stars and a $100 tip would follow.

Easy money, huh?

I feel another EXPIRY is coming SOON.