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Unsure as to whether probate required
We very recently lost my dad, and I am trying to figure out what financial steps we might need to take. Mostly I think this is a very standard case, in that he owned a house jointly with my mom, and has very little in the way of liquid assets, investments or really anything other than the house. I was therefore thinking…
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Gap in Probate value with distribution to beneficiaries.
Just looking for some quick advice - is the net value of an estate as detailed on the Grant of Probate exactly that - the net value. The reason I ask is a relative has been told the value of his uncle's estate is £500k but the beneficiaries seem to be receiving only £400k. My advice IHT was in the ball park of £70k…
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Finding a reliable firm that specializes in setting up a simple property trust
I'm now trying to find a reliable firm that specializes in setting up a simple trust to put my house in to that's not too expensive. Can anyone recommend a firm?
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Accessing MacBook after death
Hi all We lost our 21 year old son last October, the coroner finally released his MacBook and iphone at the weekend however we do not know the passcode for the phone or the password for the MacBook. Apple have told us we need to obtain a court order for them to help us. Can anyone advise me on how to go about doing this…
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Beneficiary listing items as unaccounted for
My husband is executor to his mum and dads estate. Probate has been granted. we had a valuation of items done by a reputable dealer and very little of value. the other beneficiary has now sent a list of "missing" items as long as your arm via the solicitor. Some of high value that never actually existed. the only things…
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Receiving money from solicitor
Dear group, just wondered whether any one has any advice for the best way to receive payment from a solicitor following probate. I have known people who have had difficulties where money has been deposited in the wrong account via bacs following an agreed transfer and it becomes very hard to get the money back. Is a cheque…
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Gifts and nil rate band
As I understand, if someone dies and has left over £325 in gifts within the 7 years preceding their death, then tax at 40% is applied to the amount going over (I'm aware of the taper relief coming into effect here as well, but say the amount taking the total over £325 was gifted less than 3 years before death so 40% will…
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Credit card debts
I am getting a bit worried about my late husbands credit cards debts. I have checked the tenancy agreement for our mortgage and we are joint tenants. He did not have a penny to his name. We only had the current account, debts and a mortgage. One of the credit cards has come back to me asking for a payment of the full debt…
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lifetime living trusts
I would like to do this myself, where would I get the forms. Art
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Online probate application
I am in the process of applying for probate for my mother. I have a copy of the signed will, the original is held by her solicitor. I intend to apply for probate online and this is the first time I have done it. What I am hoping to find out from the forum here is about sending the original will. It seems silly for the…
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Taxation on a medical negligence claim after probate
Hello there, Can you help? Four years ago, my wife brought a medical negligence claim against the NHS on behalf of her mother. Six months after the claim was brought, her mother passed away (from the illness the NHS missed some years earlier). My wife continued with the claim and, after nearly four years, our…
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28 day survivorship clause in wills
My wife and I both have wills at draft stage and they each contain a 28-day survivorship clause. I've read quite a lot about pros and cons of this and when asked our solicitor merely said "You can leave it out, if you like." Both our estates are above the IHT threshold and I can see the benefit under certain circumstances,…
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How to use a friend to avoid IHT (as much as possible) and to make sure he looks after me if needed?
Hi all, First of all, thanks for reading. In this topic, I want to learn more about how I could possibly use a very good friend to avoid IHT and to be sure that I will be taken care of in my older age, and I will be open to suggestions from all of you. I have recently lost my mother through rapid illness, and my father…
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Will payment be made before house sells?
Hi. I'm writing this on behalf of my mum really. Last Nov 20, she was contacted by a chap advising that an elderly relative had died and had left my mother and auntie something in her will. He lived next door to the relative and is the executor. Apparently the will is - The house left to his wife, and then savings etc…
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Tenants in common after death
I lost my husband 6 months ago and we had put our house in “Tenants in common” so now 1/2 of the property belongs to my son & grandsons as per his will , I presume I have to inform someone of the change in ownership and can I do this myself rather than pay a solicitor, there isn’t any inheritance tax to pay.
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When can I distribute to beneficiaries and finalise estate
Mother died in May. Very simple estate with 5 savings accounts and a flat to sell. Probate received very quickly so it was easy to close the savings accounts and obtain the funds. A couple of weeks ago the sale of her flat was completed and all of the usual disbursements were made. The final bills have also been paid. I am…
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Grant of probate.
I just completed an online application and with some diligence. I completed the forms and paid the fee. HMCTS are asking me to send them the original will by post, they won't accept photocopies. The will given to us by our solicitor is itself a copy with their name and address stamped at the bottom. So by ' original ' do…
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How to calculate values for probate?
HiI would like to know how you calculate values for probate in order to pay IHT? I have looked around a few sites, including dot gov sites and I am still unclear.I am currently nowhere near the IHT threshold, but could be at some point in the future.I am making some money by trading shares and other financial products.…
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Paying for funeral
I was wondering if anyone might be able to give some advice. My parents befriended a lady who had no family in this country and she asked my parents to be an executor for her will- my parents agreed as felt sorry that she had no one else to ask. They have recently found out that their friend has passed away for to…
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Family home after death.
Hello I was after some general advice. This issue seems a complete minefield! My dad passed away recently. In his will he left his wife £30,000 (some of which will come from the sale of the house). The house was then to be split between his three children equally. He wanted his wife to stay in the house for 2 years…