Estates
 An individual estate consists of the following:
- Assets under the individual’s
name.
- Shares of assets jointly owned by the individual.
- Gifts
from which the individual has some interest or benefit.
- Assets
held in trust from which the individual had a right to
benefit.
For the purposes of determining whether an
estate exceeds the inheritance tax threshold, any assets
given away by the
individual
within 7 years prior to their death must be included as
part of the estate. |
