Lulu wrote:When you grew up with, truly, nothing, even less than nothing and then in your 80s to have so much money thrown at her, it's a bit hard for her to get her head round it all and the tax and inheritance tax thing completely fries her brain. I had never realised how horrible a situation it is as she is being made to think all the time about whether she will live another 7 years, or not.The whole thing is really bothering her.
In a way she is already giving to charity, she loves clothes and to fills her time, she keeps buying them and then decides she doesn't like them, so sends them to the Charity Shops. There must be some very well dressed women in Stourbridge & Halesowen now.I'm taking her away for a few days, when we get back I think I'm going to have to sit her down with someone, who knows what's what, to give her some peace of mind because she is driving me mad with it and all I get out of it is an expanding waistline, as she wants to buy me lunch everytime I see her.
Don't know what the rules are in the UK Lulu, but in Denmark you can give a certain amount to children, grandchildren, etc every year without them having to pay any tax or anything on it. It is also possible to "lend" them a larger amount, with the remaining debt being reduced by the same amount as you are aloud to give them per annum.
No guarantee of anything when you're old and not able to communicate.