Belfast Telegraph

Saturday 28 February 2015

Jade’s wedding may have saved sons a £1m bill

WALTHAM ABBEY, UNITED KINGDOM - MARCH 22:  Jack Tweed leaves Jade Goody's house after the her death on March 22, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22, at her home in Upshire Essex. (Photo by Danny Martindale/Getty Images) *** Local Caption *** Jack Tweed
WALTHAM ABBEY, UNITED KINGDOM - MARCH 22: Jack Tweed leaves Jade Goody's house after the her death on March 22, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22, at her home in Upshire Essex. (Photo by Danny Martindale/Getty Images) *** Local Caption *** Jack Tweed
Bollywood star Shilpa Shetty and Jade Goody
Messages left by members of the public are left on view at Jade Goody's house
WALTHAM ABBEY, UNITED KINGDOM - MARCH 23: Jackiey Budden, Jade Goody's mother leaves Jade's house on March 23, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning, March 22. (Photo by Danny Martindale/Getty Images) *** Local Caption *** Jackiey Budden
WALTHAM ABBEY, UNITED KINGDOM - MARCH 23: Jackiey Budden, Jade Goody's mother is comforted by well-wishers on March 23, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning, March 22. (Photo by Danny Martindale/Getty Images) *** Local Caption *** Jackiey Budden
WALTHAM ABBEY, UNITED KINGDOM - MARCH 23: Bouquets are left outside the home of Jade Goody on March 23, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22. (Photo by Danny Martindale/Getty Images)
WALTHAM ABBEY, UNITED KINGDOM - MARCH 23: Bouquets are left outside the home of Jade Goody on March 23, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22. (Photo by Danny Martindale/Getty Images)
WALTHAM ABBEY, UNITED KINGDOM - MARCH 23: Bouquets are left outside the home of Jade Goody on March 23, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22. (Photo by Danny Martindale/Getty Images)
DELHI, INDIA - MARCH 23: In this photo illustration, news of reality television star Jade Goody's death is reported on the fronts of Indian newspapers on March 23, 2009 in Delhi, India. Reality TV star Jade Goody died yesterday aged 27 from cervical cancer. Ms Goody was infamous for her onscreen gaffs including a racist remark to Bollywood star Shilpa Shetty on UK TV show Big Brother. (Photo by Daniel Berehulak/Getty Images)
WALTHAM ABBEY, UNITED KINGDOM - MARCH 22: Flowers and a balloon are seen at Jade Goody's house after her death on March 22, 2009 in Waltham Abbey, England. Reality TV star Jade Goody died age 27 after suffering from cervical cancer at 3:55am Sunday morning March 22, at her home in Upshire Essex. (Photo by Danny Martindale/Getty Images)
Jade Goody, a picture tribute
Jade Goody, who died March 22, 2009
Jade Goody, who died March 22, 2009
Jade Goody
Jade Goody on her wedding day
Jade Goody arrives at her home in Upshire, Essex, following her wedding to Jack Tweed
Jade Goody arrives at her home in Upshire, Essex, following her wedding to Jack Tweed
A copy of the marriage certificate from Jade Goody's wedding to Jack Tweed on Sunday February 22, 2009
Jade Goody on her wedding day
Jade Goody and Jack Tweed on their wedding day
Jade Goody and Jack Tweed with her sons Bobby and Freddy on Jade and Jack's wedding day
Jade Goody and Jack Tweed on their wedding day
Jade Goody and Jack Tweed on their wedding day
Jade Goody on her wedding day
Jade Goody arrives at Basildon Magistrates Court, Basildon, Essex, where she was charged with motoring offences.
Jade Goody, star of Jade's Salon, on LivingTV.
Jade Goody, star of Jade's Salon, on LivingTV.
Jackie Budden, Jade Goody's mother, arrives at Jade's house in Waltham Abbey, Essex after her daughter left the Royal Marsden Hospital in central London
Jade Goody and Jack Tweed arrive back at their house in Waltham Abbey, Essex after leaving the Royal Marsden Hospital in central London.
Jade Goody and Jack Tweed arrive back at their house in Waltham Abbey, Essex after leaving the Royal Marsden Hospital in central London.
Jade Goody's husband Jack Tweed arrives his step-sons' Christening taking place in the chapel of the Royal Marsden hospital in Fulham, west London.
Jade Goody's mother Jackiey Budden leaving the Crown pub opposite the Royal Marsden Hospital, west London.
Jade Goody photographed in the Marriot County Hall, in London (Photograph by David Sandison, The Independent)
Reality TV star Jade Goody
Jade Goody arriving at St Albans Crown Court in St Albans, Hertfordshire having being charged with motoring offences.
Jade Goody leaves the Royal Marsden hospital on February 18, 2009 in London, England. (Photo by Getty Images)
Jade Goody leaves the Royal Marsden hospital on February 18, 2009 in London, England. (Photo by Getty Images)
Jade Goody leaves her home as preparations continue for her wedding to Jack Tweed this Sunday on February 19, 2009 in Waltham Abbey, England. (Photo by Daniel Sheils/Getty Images)
Jade Goody arrives at Mumbai Airport ahead of speculation that she will take part in 'Big Boss', India's answer to 'Big Brother' on August 15, 2008 in Mumbai (Bombay), India. (Photo by Ritam Banerjee/Getty Images)
Jade Goody arrives at Mumbai Airport ahead of a possible part in 'Big Boss' (India's answer to 'Big Brother') on August 15, 2008 in Mumbai (Bombay), India. (Photo by Ritam Banerjee/Getty Images)
Jade Goody arrives at the UK premiere of 'Ben 10: Race Against Time' at the Vue cinema, Leicester Square on February 10, 2008 in London, England. (Photo by Dave Hogan/Getty Images)
Jade Goody attends the Pink Ice Ball at the Waldorf Hilton on October 5, 2007 in London, England. (Photo by Chris Jackson/Getty Images)
Jade Goody (R) and Jack Sweeney (L) attend the Music Industry Soccer Six event at Upton Park on May 20, 2007 in London, England. (Photo by Ben Stansall/Getty Images)
A box of Celebrity Big Brother contestant Jade Goody's fragrance "Shh" is seen on January 18, 2007 in London. (Photo by Bruno Vincent/Getty Images)
Jade Goody and Jack Tweedy arrive for Celebrity Big Brother series five at Elstree Studios on January 5, 2007 in London, England (Photo by Chris Jackson/Getty Images)
Jade Goody arrives at the UK Gala Screening of "Garfield 2: A Tail Of Two Kitties" at Vue West End, Leicester Square on July 16, 2006 in London, England. (Photo by Claire Greenway/Getty Images)
Jade Goody arrives at the after party following the UK Charity Premiere of "Just My Luck" at Cafe de Paris on June 28, 2006 in London, England. (Photo by Dave Hogan/Getty Images)
Jade Goody, the former Big Brother housemate, signs copies of her autobiography at a book signing in the Gyle Shopping Centre June 14, 2006, in Edinburgh, Scotland. (Photo by Jeff J Mitchell/Getty Images)
Jeff Brazier, Rebecca Loos, Orlaith McAllister and Jade Goody are seen at the start line of the London Marathon on April 23, 2006 in Greenwich. (Photo by Chris Jackson/Getty Images)
Jade Goody models on the catwalk at the Autumn/Winter Collection launch for LIVINGtv at the Cumberland Hotel on September 8, 2005 in London, England. (Photo by Dave Westing/Getty Images)
Jade Goody arrives at the World Film Premiere of "After The Sunset" at Vue Leicester Square on November 2, 2004 in London. (Photo by MJ Kim/Getty Images)
Ex-Big Brother contestant Jade Goody attends the TV Quick Awards held at The Dorchester, Park Lane, September 9, 2002 in London, United Kingdom. (Photo by John Li/Getty Images)
Jade - during the days leading up to her marriage to Jack Tweed
Jade - during the days leading up to her marriage to Jack Tweed
Jade - during the days leading up to her marriage to Jack Tweed
Jade - during the days leading up to her marriage to Jack Tweed
Jade Goody's mother Jackiey
Jade - during the days leading up to her marriage to Jack Tweed
Cancer-stricken Jade Goody leaving the Royal Marsden Hospital, in Fulham, south west London, in a wheelchair.
Well wishers Mollie, 11 Alicia Johnson, eight with their mother Lyn, with gifts outside the wedding of Jade Goody and Jack Tweed
The police and members of the public outside Down Hall Country House Hotel Near Hatfield Heath, Essex, where Jade Goody and Jack Tweed have got married
A 'Jade loves Jack' banner is flown above Down Hall Country House Hotel
Max Clifford talks to reporters prior to Jade Goody's wedding at Down Hall on February 22
Antony Costa arrives for Jade Goody's wedding at Down Hall
TV presenter Nick Ross arrives at the wedding of Jade Goody and Jack Tweed at Down Hall Country House Hotel Near Hatfield Heath, Essex.
Jack Tweed's mother drives away from her house in Essex on the day of her son's wedding to Jade Goody
Jade Goody and Jack Tweed make an appearance for the press outside her home in Waltham Abbey
Jade Goody and Jack Tweed make an appearance for the press outside her home in Waltham Abbey
Jade Goody and Jack Tweed share a kiss on the drive way of her home in Upshire, Essex.
Jade Goody

Jade Goody’s marriage to Jack Tweed could have saved her two sons an inheritance tax bill of more than £1m, an expert has said.

Had Goody not married Tweed last month, her estate, estimated at £3m, would have probably been passed directly into trust for her sons Bobby, five, and Freddie, four.

Goody earned about £1m in the months before she died, insisting that she wanted the money to go to her sons so they could enjoy the upbringing she never had.

But according to Andrew Kirby, a senior trust and tax manager at Moore Blatch Solicitors, her marriage to Jack Tweed could have saved that sum alone by avoiding inheritance tax.

If Goody had not wed Tweed, Freddie and Bobby’s trust would been liable to 40% tax on more than £2.68m of her estate, landing it with a bill of £1,075,000.

The 27-year-old Big Brother star’s wedding to Tweed just four weeks before she died from cervical cancer means the money can be passed on through him as a surviving spouse.

This does not mean 21-year-old Tweed has any rights to the estate, as it can still be controlled by the trustees acting for Freddie and Bobby, said Mr Kirby.

What it does facilitate, however, is for the money to be paid over time to Goody’s children without being subject to inheritance tax, the adviser added.

Mr Kirby said: “I have no doubt Jade’s marriage to Jack was |genuine, but the additional |benefit is that Jack can now be used as a conduit by Jade’s trust.

“You have to ask whether it is politically right that a five and four-year-old who have lost their mother to a terminal illness should pay such a large tax bill.

“The way round it is to arrange a death-bed wedding.

“The trustees might even |insure against Jack’s life in case he died before the money was passed over.”

Mr Kirby added: “I think there should be an exemption for |bereaved minors, perhaps even a staggered exemption, because in the ordinary course of events their mother would have been there to provide for them.”

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