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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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Wording of Will
A relative is making a Will. He has no dependants so it should be fairly simple. His daughter has always relied on the support of the benefits system and this is unlikely to change. He doesn't wish to entirely disinherit but also doesn't want to leave her in a position whereby leaving her a gift affects the benefits she is…
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I Think I Need to Appoint a Firm of Solicitors as Executors for My Will.....
I've procrastinated long enough and I really need to get a will written. But...... I'm going to need to appoint a firm of solicitors to be my executors. Although I've read some horrendous stories about solictors being executors, ie expensive fees, long drawn out timescales etc etc however I don't think I have a viable…
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Independent Executor Bank Account
To date I have handled estate expenses via a personal non-interest bearing bank account in my name. I expect Probate to be granted shortly and a significant sum will be deposited. Ideally I'd like to move the funds to an interest bearing account which would be completely distinct from my own finances. That way I can show…
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Gifts and the seven year rule
I am thinking of leaving a subsiantial gift to my grand chilgren, and I would like to keep this a secret until they are 25 years old, when I will probably be dead. I do not want to tell anybody about this, (as I want them to have a nice surprise), and just leave a note with my will telling my executor where the gifts can…
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Possible Executor of an Insolvent Parent
Hi All This is a conundrum! I hope someone can help with. My father has passed away leaving a fair old mess behind. If he has an estate of about 300,000 but has a HMRC bill of 750,000+ What might happen I wonder, will HMRC go after the estate and take all what it can? Leaving a zero balance and deficit? We have not done…
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Post Death Interest Trust
Good afternoon, I am hoping that someone with knowledge of Will trusts may be able be to offer some provisional guidance. My Mother in Law has left 50% of her property in a PDIT for her 3 children. Husband has been left a life interest and the Will stipulates the following..... i) ("the Occupant") may live in my house and…
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Probate - apply to whole estate?
I've searched the forums and can't find the answer so please feel free to point me in the right direction if you know there is already a post about this! My Best friends father has recently passed away. He did leave a will so that's fine. His total estate is under £40k. He had a couple of life insurances, both with the…
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Understanding a Will
My father-in-law passed away three years ago. The estate went through probate. The executor has never acted on the instructions in the will. Can you see any reason why the clause above should not have been paid? The only other beneficial is his wife (the executor).
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Any need for a will in a very simple setup?
I've spent quite a bit of time reading through the reasons for why one needs a will and, though they all make a lot of sense, most of them apply to lives more complicated than ours.For a married couple with no children (and none by former partners, no overseas property, etc etc), are there actually any benefits if we'd…
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Tax on Interest
Hi - I'd be grateful for your help. I was Executor of my Dad's estate & his savings were in various NS&I products. Since the value was over £85k I set up a Direct Saver with them to transfer the funds as they were released. I referred to it as the Executor Account throughout the process but it was in my name. The account…
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Parental home proceeds to children via surviving parent
Mother sold the parental home on step fathers death (below IHT threshold) and shared part proceeds with children (30K each) just under 3 years before her recent demise. Whilst I believe such proceeds direct on death of one parent may be Nil Rate, this was indirect? and may be seen as PETS (potentially Exempt Transfers)…
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My wife and i have just changed our house tenancy from joint tenants to tenants in common
My wife and i have just changed our house tenancy from joint tenants to tenants in common, as part of our will to our one and only son, and now we are wondering whether this will affect our inheritance tax allowance??
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Probate Needed?
Hi, my Dad passed away in 2021 and left his half of the house in trust. This is to be split between various family members on my mothers passing. Should we have gone through probate? All other monies were in joint names with my mum. Thanks in advance ☺️
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HMRC confirmation of amount of IHT due
We submitted the IHT400 over 4 weeks ago. The online forms automatically use the figures given to give a value as does the simple inheritance tax calculation on pg12. However I also ticked the box at the top of page 12 under Working out the Inheritance Tax . It states If you’re filling in this form yourself without the…
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Will being contested
I’ll try and keep this as short but detailed as possible I have 1 brother, 2 sisters. My mum passed away in jan 2023 and my dad passed away in feb 2024. My mum and dad left the entire estate to me, my youngest sister got in trouble with the law and drugs, the other two were never interested, never visited them and mum and…
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Royal Mail lost IHT forms - next steps?
Hey all. I posted IHT forms via Royal Mail Tracked. After over 2 weeks, they have not been marked delivered. The last tracking was that it was in "North Midlands MC" Despite being a tracked service, RM have been extremely dismissive and unhelpful - they don't know where it is and assume it is lost. HMRC have not received…
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best process for transfer of car keeper?
advice on this scenario would be most welcome for hassle reduction. car registered keeper is deceased, executors/beneficiaries want to keep car at least for a short time. Insurance ok as is a second car on a living person's policy, although will advise insurers. V5c available. I recall from last time that using 'tell us…
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Dividing an estate in two where there is more cash than property value
Apologies, this is a bit of a post bump, but didn't get a lot of response last time and interested to hear any views before proceeding. I'm the executor dealing with my mum's estate. She had a house she owned outright and and cash/investments worth a bit more than the value of the house. There are two beneficiaries, myself…
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Inheritance tax allowance
Can somebody please advise me? If a widow with no children or grandchildren, who inherited her late husband's IHT allowance, then dies, leaving her estate to nieces and nephews, what will her IHT allowance be? I'm assuming £325,000?
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Council demanding o/s care home fees from family after death
Just looking for some advice if possible please . Her care home fees were paid by the local council / part funded by her (her pensions ) She had no assets , around £300 in her bank when she passed away . She had a life insurance policy , of which myself and my sister were beneficiaries. The council has come to us saying…
