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Understand 'Grant of Probate on credit'.
Can someone help me understand what Grant of probate on credit means exactly. To cut a long story short, I am about to challenge the validity of a relatives will, and 10 days ago my solicitor put a caveat on probate being granted. However the executor told me around the same time that probate hasnt been granted but a grant…
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Do I need probate/letters of administrauon for a small estate?
my father recently passed away and we hadnt spoken for a long time for various reasons. I am now trying to sort out his estate. As far as I am aware he had no will. He was in a care home when he passed, and had none of his own possessions there. He had been taken from a housing association flat to the care home with items…
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Cash inside intestate property not declared
As part of intestate rules, no cash inside a property is part of the estate to be retained as chattels/personal possessions of the surviving spouse. I was informed by the deceased, several years ago, that a considerable sum of money was kept in their safe inside the property. What can I do do ensure the safe is checked and…
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I disagree with the RICS valuation after probate. What can I do?
Hello, the Executor of an intestate Will (through an appointed solicitor), arranged for a RICS valuation for the property which is to be apportioned. Probate was already issued before I knew. The valuation seems to be at least 40K short of what I think the property would sell at (considering neighbouring property selling…
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Capital Purchases from Savings and IHT403
I am considering giving gifts to my children out of surplus income to avoid these gifts being liable for IHT under the seven year rule. I will still have savings and I will use these to make significant capital purchases. Two I made this year are a new car and having the house repointed. My questions are 1 With the car…
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Contesting a Will as Next-of-Kin
Can anybody offer advice regarding contesting a Will. The deceased appears to have been pressurised into completing a Will within the last few weeks of life and we now discover that all Family and Close Friends have been excluded while the vast majority of the Estate now goes to the couple of End-of-Life Charities involved.
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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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When does income become capital for IHT purposes?
I have an income that exceeds spend by at least 25%. I save the excess but also 'gift' regularly to family out of surplus income. Question says it all really.
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Opening account for a minor who has inherited
Hi Myself and one other are executors of my fathers will Probate has just been granted. Dads will has left a share to each grandchild one of whom is only 16. The others are all over 21. The will states " my trustees shall hold my share on trust for such of the following as survive me and are living at the date of my death…
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Which bank is best for an Executor account with 3 names on the account
Hello I have tried to open an executor account for myself, father and sister with Halifax. Halifax only allow 2 names on the account. Which bank permit 3 people names on the account (we need this to execute sale of property) and are helpful and make the process simple? Thanks in advance for your advice.
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IHT404 and IHT405
If the deceased only has a jointly owned property, I understand I have to complete IHT404. However do I need to complete IHT405 as well? Will it cause duplication when entering the figure on IHT400?
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Making a will
hi all, I live in France but I have a house in the UK that I would like to leave to my son when he’s reached a certain age. My UK bank account and online bank account also to be left to him. My French assets would be subject to French law and are jointly owned with my partner anyway. It’s just my UK stuff I need to sort…
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Estate - Investment Bond - How to complete "Tax Declaration for an entity"
Hi all, I hope someone can help me with this, I'm struggling. My dad sadly passed away towards the end of last year. My sister and I are executors of the estate and everything was left to my mum in the will. Most of dad's assets were jointly held apart from a stocks and shares ISA and an Investment/Portfolio Bond with Life…
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Probate error of about £10k. How much trouble am I likley to be in, please?
Hello, I made a daft error in am probate application, which I only spotted the day I got the probate certificate back granted. It's a small will, with no property, and no inheritance tax. Essentially, I broke a formula on the spreadsheet used and missed a row, and while it should have been obvious, I didn't see it. I gave…
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Double Probate needed?
Person A died, naming persons B and C as executors in their will. Person C reserved powers because of ill health, and Person B was the active executor with the Grant of Probate. For various reasons Person A’s property was not sold after death and Person C has continued to live in it. It is in shared ownership and the…
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Help seeing a will as a beneficiary not executor
Hello all. I couldnt find a specific forum for wills and solicitors so I put it here by all means move it if needed. I am currently embroiled in a lengthy probate process for my late uncles estate. I will make another post detailing far more information than this but would like a very specific peice of adfvice first…
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Help - IHT forms needed?
Would appreciate your help and advice as my mind is overloaded with grief… My mum has died, owned her own house, no Will, myself and sister. Mum was widowed. I am not sure if I need to complete any IHT forms or just head straight to apply for 'letters of administration'. House I would estimate is worth 290-300k, other…
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Time scales for unique Probate code from HMRC
Just a quick question. Does anyone have recent experience of submitting the IHT 400 forms where there is no IHT to pay....roughly, how long before the unique probate code was sent? Thank you.
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Hargreaves Lansdown Estate department
Anyone have experience of dealing with the HL Estate department in relation to a deceased accountant holder? We are currently 14 months past our father passing and still attempting to get HL to resolve the outstanding issues to allow us to close his accounts. Emails and secure messages all go unanswered for months. Calls…
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Mum died leaving £1400 in debt- They said they'll wipe it if theres not enough in the estate but..
Mum had a £1000 in an overdraft and DWP want £400 back. She has a house which she left to me and it's valued at 140k. She had zero savings and both the DWP and the bank have said they'll wipe it if there's not cash enough in the estate (Both know about the house). However, she just got a refund on a life insurance policy…
