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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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Will administration
My Mum died when I was 12 and she was survived by my uncle and aunt. When my aunt died she left a 6 figure sum to my uncle and his family cutting out myself my brother and sister. At the time I accepted this but as I have gotten older I have felt quite disappointed as this is family money from older generations we have…
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Elderly relative ill and not sure what her son's situation might be
Hi, Trying to help some relatives. Mother and son have lived in the same house for many years. House is owned by them 50/50, fully paid up, no mortgage. Although they made a will a long time back, it never got signed because waiting until moved house ... but never did. So no will. Mother is 90 and health deteriorated…
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Advice MIL died without leaving a will
Sorry but I know this will have been asked 100s of times but can I ask anyway. My MIL died 3 years ago just before the covid outbreak but she never made a will. She left 2 children my husband and his sister. We have a 12 year old boy. His sister has 4 grown up children. The estate is worth over 200k not sure of the exact…
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Possible Negligence by Executor Solicitor
I'll try to do this in bullet points. 1) A friend left me his house in his will. 2) The will appointed a named firm of solicitors as the executors. 3) During December a water supply pipe froze, burst and flooded the house. 4) Extensive damage has been caused. Very extensive. 5) The solicitor has informed me that the…
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Administering an Estate
I am mid way through administering my late cousin’s estate after a 7 month wait for Probate. Her property is sold, creditors paid and I am ready to distribute her bequests & finalise the accounts. There are over 30 beneficiaries, including some charities and I have managed to trace the majority of them. However, one of the…
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Are wills legally binding, if not then why bother creating one?
Updated Seems that wills can only be used to leave your estate directly to someone and that any caviats beyond that can be ignored (pointless) ------ Are wills legally binding, if not then why bother creating one? I watched a program on wills where a couple created wills to benefit each other, and on the death of both, to…
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Leaving percentage of estate to registered charities vs lump sums
Following Mum's death last year Dad is updating his will. He isnt going to change the fairly substantial gifts to charities they had both agreed on, but has been told by his investment advisor leaving a variable portion of the residual estate to charities can "lead to problems" for the executors compared to leaving say a…
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INHERITANCE TAX AND GRANT OF PROBATE PROCESS-CHAOS!
Please see this article below which seems to explain the delays in processing my online 'Grant Of Probate' application which I submitted on the 5th Dec 23. Therefore the process that applied to me was the 'Post Covid' that I have bolded further below. After 3 months , my online application was still not granted and I have…
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Ltd Company
Hello, We inherited a Ltd company which was our late fathers a few years ago. There was no inheritance tax to pay but the Ltd company had a bank balance of £40k. The accountants our father used wound the company up and we dealt with the distribution of the estate. At the end of the financial year, we filed self assessments…
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Tenants in Common & Probate
My parents are Tenants in Common for their property. Dad recently passed away. Everything is left to my mum, his wife, as written in his will. Any other assets (eg bank accounts, are joint or have very small amounts in). Does probate apply? If not, then is it sufficient to inform land registry of his death on the relevant…
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Asset sold after probate for more than its estimated value: IHT or CGT?
Mother died leaving a work of art which I as executor intend to sell by auction once I have probate. Her estate will incur IHT. I have had the painting valued, and I put that figure on the IHT submission. If it sells for more than the estimate, do I notify HMRC and pay the additional IHT due. Or do I, as executor, declare…
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DEED OF VARIATION - SCOTTISH WILL
On behalf of an executor I'm looking for any constructive advice please on the following situation. I understand, from what Iv'e read, that you can vary a will within 2 years from the date of death. The situation is that an elderly parent passes away and they own a half share of a small house. They also had some savings.…
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How to use Probate Reserved Power to complete process
I am trying to help a good friend through a bit of a mess following the death of his brother. Basically, my friend and his brother (now deceased) were the only two children of their Mum and Dad. The father died back in 2004 and mother died in 2010. The brother never got around to sorting the estate of the Father, and just…
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New Gov.uk Probate Application
I am wondering how many people have used the new gov.uk probate application online? Are they finding it a quicker / Straightforward service? I submitted the requested original will with my application the 3rd week of August. Currently it's still on the documents received (step 2). Personally I found it very straightforward…
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Guessed at property value for probate
Mum died late last year and left a small terraced house which we thought would be worth about £75,000. Probate has now been granted for £165,000 and we are wondering if we do the house up to sell i.e. redecorate etc, And it sells for a bit more - Would we be liable for CGT as the estimate for the house was purely guessed…
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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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Basic IHT question
Hi, new to the forum and just need clarification on something. My Dad passed away and I’ve been helping Mum sort everything out. Dad has an ISA for £75k which Mum doesn’t “need”. She suggested giving it to me as a gift. Her estate would be worth around £750k and with my Dads tax free amounts for personal and property,…
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Inheritance and income tax
I have received a portion of an inheritance and there is no inheritance tax to pay. I will be getting more as and when we sell a house. My question is, how does HMRC know not to tax this as income? If classed as income it will take me well into the 40% income tax bracket. I am going to use my ISA allowance this year and in…
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Executor’s Expenses - Interest
I have kept very careful accounts to back up my claim for executor’s expenses. However, from date of death to grant of probate 18 months have passed. During that time I have had to shell out about £8,000 pounds of my own money to pay things such as solicitor’s deposits, maintenance & insurance on an empty property,…
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Death of ex husband
Would anyone know if I can claim unpaid child maintenance from an ex husbands estate as I have recently found out that he died just over a year ago? (That’s if he had anything) I know that he married again and had a child with his 2nd wife.