My Brother and I share a large house with our elderly parents. The house was partly bought with money left to my brother and myself by grandparents many years ago, but we are not named on the deeds.
We are now concerned that when our parents die we may not be able to pay the inheritance tax, and could lose the family home.
How can the family minimise the tax liability, and what should we do to get our investment/share in the house from our previous inheritance recognised?
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