To think that parents cannot leave money to severely disabled offspring free of IHT

Seek financial advice particular to your case.
You should adjust your affairs to minimise tax for your son.
Could you buy a small farm?

Your disabled son, along with the rest of Britain will be better off eating locally grown, nutrient rich food grown with uncontaminated water. He will benefit with many rolling acres left for farming and sustainable habitats for native creatures. He will breathe fresher air. Being able to grow the nation's food is important.

With respect OP you have come here with a very complex situation few people would have experience of. This is definitely one for professional advice rather than random opinions from strangers around the globe.

But surely the state will be paying for your son if you're not funding him beyond 18 and want him to have benefits rather than family money?

I may have missed the point then, but why do you want the state to fund him and him to inherit tax free? It sounds like you're very wealthy so maybe I've misunderstood, I didn't think the very wealthy needed benefits.

Everyone thinks they are worthy of avoiding a tax that is trying to be fair. A lot of people in this country live in relative poverty even people who work. Your son will have had a lot of money out of the ‘ state system’ over the years even if you have supplemented it.

Focus on this thoughtful answer and get some financial advice.

True. My mum owns a small bungalow outright and her income isn't large but she is not in poverty. She's not disabled, and doesn't need care, though. Care is expensive.

Also the problem with flats is service charges. Lets hope that the government actually sorts out the problem of leasehold, they announced something yesterday.

@Noras then you are not in a position to significantly enhance your son's lifestyle above and beyond benefits.

If you haven't pension planned well, then you need to forget keeping your family house in the longer term and liquidate some assets.

How much professional advice have you actually taken?

If their children are also farmers why don't they transfer some of the business to them before they die? As long as they live more than seven years after this no inheritance tax will be due on that.

Much more than that in some cases. I worked in a supported housing service where people had 24/7 one to one, and in some cases two to one, care. That costs at least 100k a year in wages alone.

Give money to your other kids ahead of time free of IHT.

Then leave the rest to your son. Then your allowance goes a lot further.

IHT is an issue where a parent dies and there is a dependant child of any age. But tax planning advice is available, so go and get some instead of asking well meaning people on the internet.

As for farmers, very few of them will be affected. Much like the ULEZ, it's been whipped up to be much bigger than it is.

Let's say he inherited £300,000

he could buy himself a nice little flat outright, that way he's always going to have a nice home. Even if then he claimed benefits to live off for the rest of his life with no mortgage to pay he'd have enough to live a pretty comfortable life, I think your being quite unreasonable to say he will live
in poverty, no one I know disabled or not has been left 300 grand and noones wearing rags and eating out the bin.

I will totally admit that I have only read the first half of this thread but there is a way to leave money to your son without paying iht. You can put it into a vulnerable person's trust for him. This also means that it won't impact on his benefits.

Some charities run online information sessions about how to set up wills and trusts funds for disabled children. I did one that was run by cerebra.

It does coat £2000 to set up a trust and where are management fees if you don't know someone who can manage it for you but it is a wonder way to provide for your child if they wont be able to do it for themself.

The reason I support farmers is that having a thriving UK farming sector is a public good, not just a private good. I don't want massive mega agri-businesses coming in to buy up small family farms when they can't afford the IHT.

You can legimately want to change your particular circumstances without wishing it to be worse for farmers y'know.

That's why you tax plan, to make sure you minimise the tax paid.

@Noras tax planning and financial advice will.sort it. You will have to be mindful of safeguarding benefits. I assume your other children will have a role to play in safeguarding.

you are aware, I trust, that farmers/farming families are not exempt from bringing disabled children into the world or from caring for them

You have drawn a disgraceful parallel. Farmers live on their land as well as work it. It co.orisea their home as well as their livelihood. Rural communities are a fundamental part of this nation.

Will your son be living in a care home or will be supported placement. Will other children be trustees?

You'll get a lot of responses based on envy.

Speak to an estate planner. They are very imaginative and my mind is much more at rest since we did this.

How do you get to £3k? I have £110k in an isa which earns me £16.50ish a day. Even leaving aside the wonderful effect of compound interest that is £6022.50 per annum. You are looking at leaving your son three times that.

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I am not expert in this area, however, I think you need to seek excellent financial advice. I used to work in learning disabilities. I am not sure of the exact details but it did appear that individuals whose families left them money didn't see it.

As a disabled person the non- means tested benefit is PIP, nothing else.