Surely you mean you MIGHT owe a lot of IHT IF you inherit? Years ago, a friend of mine, an only child,
had the same attitude, bragging to everyone what he would inherit when his mum died. When she died, she stunned him by leaving it all to his kids. Another friend of ours is in the same position and his mum has told him that he and his brother will be getting nothing and it is going to their children - her grandchildren. Even that has caused arguments - he has one child and his brother has two. They will all be getting a third each. He thinks his child should get 50% and his brothers kids should get 25% each. He feels he is being penalised for only having one child. My neighbour left me and her other neighbour £5k in her will for the "kindness and help" we had given her as neighbours. I saw the Will. She was quite wealthy. She had two children and she left the rest of her estate to her son. I presume to stop any arguments, she specifically mentioned her daughter saying she had left nothing to her as she had "helped her out financially throughout the whole of her life". Wills and inheritances. A minefield. And a shock for some!
