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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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More IHT or CGT
Ive filled in IHT400 forms and sent them off, am on day 14 of waiting for my code. It looks like the house is going to sell for more than the value submitted on the IHT400 forms. I said yes to using the house value on the schedule. Do i need to change anything when i fill in the online probate form? Or should i just send…
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Rental of a property during probate ( please help! )
Good Afternoon and thank you for reading this. Could somebody help me please with the below question or point me in the right directon :) - I'll be as brief as possible. (p.s. asking for family members - I dont stand to gainfinancially from any information given) Deceased estate ( 100k valuation - flat) 3 Executors with…
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Stuck on math problem
Believe it or not I have a degree in English, and this Inheritance tax jargon has me flummoxed. What is the answer to this? Q14. Enter the value of the residential enhancement for the person whose estate you are dealing with now. It’s 175000 Q15 Multiply the value by the percentage at question 13??? Which is 100.0000 Ive…
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Solicitor refusing to distribute to executors - and refusing to refund overpaid IHT
Thanks in anticipation for any replies and help... We are coming to the end of an extremely arduous experience with our probate solicitors. Long story short, we have complained about two major acts of negligence during the process that we discovered - plus the poor service and behaviour of our case handler. After thorough…
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Got Probate, now to transfer house to surviving spouse ? - AS1 / AP1 form
The house was registered in only the deceased's name, now need to transfer to the surviving spouses name ( the beneficiary in the will) Q1: Well firstly, Is it actually a requirement to transfer it now ? Or could it be left to some point in the future when the house would be sold on the demise of the surviving spouse ? Q2…
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Having Will Stored
My wife and I are just in the process of getting our mirror wills drawn up with Co-op Legal as part of Macmillan free wills. Co - op Legal are offering to store the master copy of the will once all signed, free of charge. This sounds like a good idea to me but thought I'd put it out there in case there's any negative side…
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Mother died left half house in trust for siblings now stepfather dies
Our stepfather just died whom we were on good terms with. Our mother died a while back and had half of their house put in trust for us two siblings, her children. Now our step-father has died and left a will at the solicitors, which we haven't seen. Just wondering how this works. We think we are executors, unless he made a…
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Got probate and transferred father's savings accounts to my mother, but what about the house?
Searching the internet with this question all I find is that if they were tenants in common then the house automatically passes to my mother, but how 'automatic' is this? When my mother comes to sell the house, will it just be a matter of showing my father's death certificate to the buyer (or more likely the buyers…
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Normal expenditure out of income
Our father, who is in his 90's, has minimal expenditure and his savings are slightly over the IHT threshold. In order to minimise further IHT exposure, we plan (with his full consent) to make regular and equal payments to all siblings. I understand this procedure is legal, but I'd just like to be 100% sure there is no…
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Will Trust and Ownership of Property
Mother & Father lived in house as Tenants-in-Common. Mother died in September 2022. Her Will stipulated her half of the house was to be left in Trust for Father and Me. Following Mother’s death, Solicitor registered the Will Trust in August 2023, naming FATHER and ME as both Trustees and Beneficiaries. As Lead Trustee, I…
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Solicitor cannot locate original will
My mum appointment solicitors executors 10 years ago, I have a photo copy of the signed will that solicitors gave her and I would assume that given they are executors they would have kept the original This is what she always told me. The solicitor was taken over a year or so ago and now the new company cant find any…
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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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IHT Clarification
Hi. Intending to go the the DIY route for an estate valued at 700K with one benefactor. If transferring unused allowances from the deceased's partner (325,00 + 325,000 + 175,000 + 175,000) would I still need to send the forms to HMRC despite their being no IHT due? From reading up on this I think the process would still be…
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Probate/Equity Release Question
Hi there, I’m in the process of applying for probate on my late father’s estate on the Gov.uk website. His gross estate is £305,000 however he had an equity release on the property which is approximately £140,000. My question is do I take this amount off for the net estate value? Many thanks
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Grant of Confirmation
Hi, I’m trying to fill in the form for Grant of Confirmation for my dad’s estate (C1). I’m trying to do this on my own without a solicitor. I think I understand the main issues, it should be such a simple situation, but what exactly to put on the form is driving me crazy :mad:. Would be grateful if anyone could help.…
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Executor Accounts & HMRC
While administering my late father's estate I found it difficult to set up special executor accounts and was told it wasn't necessary. I did set up an account with NS&I in my name and called it "Executor Account" in to which I transferred my father's NS&I accounts as they were closed. This account has subsequently accrued…
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Prosperous Life administration problems
I had a funeral plan with Prosperous Life,but they have gone into administration I paid over £ 2500,been in touch with Administration who told me I would get a partial refund !!! This surely cannot be right,is anyone else in this situation.
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How can I help - Is POA Applicable here?
Hey guys, I'm in a bit of an odd situation and I'd appreciate some advice. Essentially about 4-5 years ago my Uncle passed away, then my Aunt. Neither had a will unfortunately, and due to complexities the situation is still ongoing with solicitors. My Mum has been acting as an administrator up to now, however, there's been…
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Standing order we don’t recognise on late mums statements
Sorting through late mums banking and have closed her current account, ISA and savings account now probate has come through. Barclays sent through printed statements confirming the account closures. Had a look through and notice a standing order going out every month for over a year, then it stopped say ‘payment rejected,…
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Inheritance Tax Understanding
Hello Can I check my understanding of inheritance tax please. If a single (divorced) person dies and leaves everything to their adult children does that mean the estate can be up to the value of £500k before inheritance tax is payable? £325k + £175k (as the house is being passed to decedents)? Is this still correct if the…