i'm hoping this will make sense to someone
if my dad was to pay off the mortgage on his house and then put the house into my name with the clause that he can stay here for the rest of his life would i be charged inheritance tax or death duty?
the reason i ask is because my older sister may contest my dads will when he dies and my dad wants me 2 inherit his house as i have always and continue 2 live here
i will but i did initially ask about any tax or duties on the house if my dad signed it over to me not about the will being contested that was asked about by another AB-er