Saturday, June 21, 2014
Margaret Thatcher left a total of £4.7 million to her two children and her grandchildren, when she died April 2013. Not included in the estate was Thatcher’s home, which is valued at £12.5 million. The home is owned by an offshore trust, saving the family £5 million in inheritance taxes.
See, Margaret Thatcher Estate Avoids Millions in Inheritance Tax, Wealth Strategies Journal, June 18, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.