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CHAPTER 5


together can be fun. Don’t rush: take your time. The move can be hugely financially beneficial too. A smaller home will cost less to run, obviously. Capital release by selling (or renting out) your old house is your money, free of encumbrances, to do with what you like.


If you like, some of the money can be passed on to the next generations, early enough for them not to incur tax (you have to outlive the gift by seven years). By contrast, the granddad who insists on staying put may be landing his offspring with an inheritance tax bill.


So it’s important to rope in the family; like me, with Mum, they may be relieved that the issue has been raised.


Some of my best conversations with Mum came as we chose curtains, carpets, a new kitchen and bathroom. Sorting through the stuff to leave is also an opportunity: take those


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