On my wife's death I will inherit her stocks and shares ISA portfolio which will be free of inheritance tax, together with any outstanding IHT allowances she may have.
Our two children hold power of attorney for me. I plan to encash the ISAs (free of capital gains tax) at an appropriate time and to gift the proceeds equally to our two adult children as PETs. If I am unable to do so, then I want my attorneys to do so on my behalf. Will writing a letter of my intent be sufficient to enable our children, as my attorneys, to gift the proceeds of the ISAs to themselves as PETs on my behalf?
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