Ethan and Isabella recently discovered that they have been named as the beneficiaries in their late uncle’s will. However, they are reluctant to perfect the transfer of their late uncle’s properties to their names because they don’t have any money to pay the Estate Duty to the government. Are they right?
As such, Ethan and Isabella are not required to pay any Estate Duty. Nonetheless, they may still required to pay the legal fees incurred and nominal stamp duty for the said transfer.
So, how much did you know about this Legal Myth?
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