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Deaths, Funerals & Probate Board Sticky
Relevant Forum threads you may find helpful: * Introduction to this board * Useful references * Guide discussion: Probate: How to do it yourself If you've spotted any other threads on this board which you think should be highlighted, please do let me know. Useful content from MoneySavingExpert.com: * Guide to probate *…
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C1 Help please- Box 2 and also Sasine entry
I am trying to complete the C1 for my step dad's estate. I seem to have a million questions and the guidance isn't helping much. I am unsure of the wording to use in Page 2, box 2. Executors are myself, my half brother (deceased's son) and the solicitor who drew up the will. Brother and I are equal and only beneficiaries.…
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Do you have to accept a bequest in a will?
Hi all. I wonder if people could give me some sort of guidance on a situation that is likely to occur for a family member An elderly relative has, in her will, left her estate to be divided equally between her daughters and their children (2 on each side so equal shares of 1/6th) and this is likely to be circa £80k. This…
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Questions about deed of variation can anyone help please?
I am looking to distribute my dads estate by the end of April. Within 2 years of death I would like to give some of my cash inheritance to my son and another beneficiary would like to give some of her cash inheritance to her son. I have read about writing a letter instead of paying a solicitor…
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Discounted Gift Trust. URN or UTR HMRC registration?
My father passed away in November last year and at that point I discovered he had set up a Discounted Gift Trust back in 2012. The paperwork in his files contained some communication with his IFA at the time which suggested that the funds in the trust would not be subject to IHT. He and the IFA parted company several years…
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IHT411 Listed stocks and shares
I understand stocks and shares ISA will need to be included in IHT411. How about if the S&S ISA is a discretionary managed porfolio containing lots of different funds? Just wondering how to deal with that..
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Making large gift. How do I allow for IHT?
My parent died with no cash in their estate. However, they owned a property jointly with me, which reverted to me by survivorship. As my sibling didn't get anything from the estate (though they benefited from a large gift from her when she was alive), I wish to share some of the proceeds from the property which has now…
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Married couple gifting to children
I’d like to try and understand the technical/legal position with regard to the following transaction. Married couple. One party (say the wife, but doesn’t matter which way round) asks husband to make cheque/BACS payment from his sole account) to child/grandchild as a gift (from wife). Which he does. Wife then refunds the…
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Assent help (is ID3 needed)
Firstly I am the will executor and have been granted probate. Background: My grandmother passed away and left my mum as sole beneficiary of the house. However according to the property title register my late Grandfather is also still listed as a registered owner. I am going to start the assent process to register the…
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IHT 403 - Gifts out of income where husband / wife income is combined
Although I do not foresee either myself or wife actually bothering the £325k threshold, I am thinking of creating records to support the probate / IHT 403 process on the death of either myself or wife, in the main to reduce the burden on our children who will be executors. We pass money on to our kids on a regular basis -…
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Probate - how long?
Hi, I know it's been asked before but on this cold and wet afternoon I've nothing else to do but think..... Probate submitted end of June, straightforward, just bank accounts, how long can it reasonably take? Apologies again for repetition, just wanted to hear some real experiences (recently) thanks
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How long is probate taking for a simple estate at the moment?
My solicitor is just about to actually apply for probate after receiving my Mother's funeral cost details. All other documents sorted and a fairly simple estate of one property (owned outright) and one bank account. No other debts. I am the sole executor and beneficiary. Thanks in advance.
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Is a lifetime trust worth doing?
Is a lifetime trust worth doing to protect house from care fees to ensure children get the inheritence? Very simple, Mum owns the house, fully paid off, worth less than £300,000, only one child and is wanting to do this to protect the inheritance for myself. I know she has to survive for 7 years after doing it or the…
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Will / LPA
Hi all. Bit of background. Wife's Aunt and Uncle 85 and 89. (Father side) 2 Sons, both estranged not spoken to for 30+ years.Eldest re acquainted last year for about 7 months but in Oct cut all contact again. We are assisting with things like on line shopping,helping to fill out Benefits etc but they have Life Assurance…
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IHT form 403
As i’m acting under a Financial Power of Attorney for a close family member, I’ve started to keep a record of all Lifetime Gifts (which will be needed for the IHT 403 somewhere down the line). I’m obviously fine with knowing what has been gifted since I’ve been involved (one gift on marriage of grandchild), but going back…
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Income Tax Return after death
My mother died last month and I am an executor. Her affairs were pretty simple, but she did own a house, rented out since she finished her days in a care home. So I will need to complete a tax return for 2022/3. I have all the information I need to do this and would like to get it sorted so I can move on to IHT and…
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C1 form completion help
I am looking for some help regarding the completion of the c1 form, I naively thought it would be more simple than it is. Page 1: All ok. Page 2: Box 1: How do you name the “Sheriffdom” for Glasgow? Box 2: I am the executor of my mother’s estate along with my sister, could anyone suggest wording for this section? If I am…
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Discretionary Trust and Capital Gains implications
I wonder if anyone can give me any advice, my father died in 2005 and a discretionary trust was set up for his half of the house for myself and my sister. My mum lived in the house and died in 2024 and I am now being told that I am liable to pay capital gains tax on the property. Would this be for his half (ie the profit…
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IHT and Charitys
I am in discussion as co-executor of a will, with the lawyers working the estate. The will states house 320000 to go to a beneficiary a piece of furniture worth 2000 to go to a beneficiary and the remainder of the estate - the residuary estate to go to a British Heart Foundation. As i understand it the IHT is calculated on…
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Charity donations and IHT
Does anyione know if it possible to specify in a will that charities will get a residue gift only if the estate aftrer deductions exceeds the IHT threshold? I have a relative who's estate will be dwindling rapidly due to care costs and has to balance a desire to leave to family and friends with charities. Leaving the total…
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A Nightmare scenario
My sister has passed away suddenly earlier this week. I expect a death certificate to be issued next week. Her husband is currently in a care home with dementia, he’s physically ok, just forgetful. Her 33 year old son has autism, and has a support team who take him out to various activities each week in his Mobility scheme…
