Amanda's instructions Executors: Arthur and Kira Burial wishes: cremation Legacies: All jewellery to Kira. 650,000 to each child. E5,000 to each grandchild. f1,000 to each of Madeline, Grace and Sarah. Her share in 14 Brooklands Avenue, Prestbury to her mother. Residue to Amanda, but if she has predeceased to the children in equal shares. In terms of inheritance tax planning, they would like advice regarding how best to minimise inheritance tax on death and have raised the below queries: 1. They are considering transferring the legal title to the Bude holiday property into Kira's and Samuel's joint names in order to remove it from their inheritance tax estates. They would like to know if this is a good idea. 2. One of Amanda's colleagues mentioned that she might want to reconsider her nomination in relation to the death in service payment as nominating it to Arthur does not save inheritance tax. She would like to know more about this. 3. They are considering each making a lifetime gift of their shares in Imago Designs Ltd to Kira and Samuel and, without you doing any calculations, would like to know, from a theoretical perspective, the tax consequences of doing so. 4. One of Arthur's friends mentioned that they should start to think about making lifetime gifts of cash to their family to save inheritance tax on death and they would like to know more about this