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I saw that and thought of her new husband. He may lose an entitlement to her IP which would otherwise pass to him. Mum's gift may protect her children's entitlements from passing to him and being dealt with by his will when he dies. His will could leave zero to her kids and his kids get mum's IP...

Where a person dies and their will leaves assets etc as an estate entitlement this is referred to as a gift. A beneficiary may be taxed on an estate gift. The CGT rules determine what the cost base is that transfers along with the asset. Simple rules are these: 1. Pre-cgt transfers at...

-Stamp duty is a direct tax consequence now. No duty through the will. Kids would inherit a cost base of mum's original cost if its through will. This way they inherit at market value as mums sale is CGT exempt. The CGT triggers a refreshed cost base at market value. This strategy may reduce CGT...