Re: Mother reared by Aunt has inherited her home and land. Tax and Inheritance Issues
In certain circumstances(and every case is dealt with on its own merits) the OPs mother may be treated as a foster child of the Aunt(this includes informal fostering and in circumstances where the word fostering was never even used) and in such cases the threshold for cat is the same as between parent and child.
************************
I am very interested in your reply quoted above.
I was/am
in the same situation as the original posted.
(Left house by Late Aunt) who brought me up from the age of 4 to
age 25 when I left her/our home to marry.
My Aunt had no children of her own. Took three of us in, (one from an orphanage) when our mother disappeared., we were taken from mother due to neglect.
So basically Aunt was the only 'Mother' we knew.
Back to the point,
when estate was settled, the cat was calculated on
niece/aunt catagory.
That was ten years ago.
The solictor who drew up Aunt's will knew she reared us as her own.
So why did the situation you mention above never come into being.
(that we could have been considered fostered/adopted) when solicitor did probate? of Aunt's estate.
Is it now too late to do anything about this?
I still own the home she left me, (in Ireland) It is rented now
if I sell it, does this same catagory of cat come into being if I sell the house.
As a matter of interest, can you give what the cat would have been
if I was considered "adopted" or fostered.
What are the %s for each catagory.
Aunt/niece
Aunt/fostered child?
thank you for your help.