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Help with intestate & probate dispute
In June 2008, my wife of 30 years inherited her mothers property. My wife was an only child and her mother had a very clear will giving the property to my wife. We renovated my mother in law's property together and rented it out. My wife unexpectantly passed away just shy of my mother in law's 5th year anniversary in May…
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Transferable Nil Rate Band - IHT217
I am administering an Aunts estate. It's pretty simple with some cash and a property. I'm looking to transfer her husbands nil rate band over. Filling out IHT217, but I'm struggling to answer some of the questions; e.g.: about gifts made in the seven years prior to the husbands death. In all likelihood the answer is none,…
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Funeral plan or Life Assurance?
My parents are both retired and have no savings and very low income from pensions. I am curious to know since I would have to pay the costs in the event of a death which of these options is best. Can I find a low monthly paying fee to cover funeral expenses for both my parents. I have ordered Golden charter brochure but is…
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Serious Advice Needed
Hello all, I don't know if anyone could help me, however I live in Scotland and I am worried when my mother passes away what will happen to her assets! The thing is that my mum and my dad are married thou separated due to extreme domestic abuse from my dad towards my mother for over 15 plus years and I went to see a…
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Discretionary trust
When I made my will the solicitor who drafted it did so in terms of a trust. My ex has also made a will, different solicitor. His is much simpler, no mention of a trust, just the way his estate is to be split between heirs. Both of us want the same result - that whatever we own at our deaths will be split equally between…
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Bank loan after death
Hi all, thanks in advance if anyone can advise here. My dad passed away this week and I'm trying to sort out all of the usual stuff. He has a bank loan for £2700 apparently and has around £1500 in his current account. Are we allowed to use that money to fund the funeral (£3650) or will it get absorbed into the loan? I've…
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Inheritance Tax if there are reciprocal wills?
Inheritance to spouse free of Inheritance tax? I am correct in thinking that under UK law, as my wife and I have no children, everything left by one of us to the other is free of Inheritance Tax? We have made reciprocal wills. M
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Record of gifts given for IHT purposes
Hi all Would like some guidance on how to keep a record of gifts given for IHT purposes . I am aware of the annual £3000 allowance and the £250 for birthdays etc . How would I record this ? What about any other gifts ? How detailed does it need to be ? Do I need to record who received the gift or can I just say e.g £ 30 to…
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Messy probate situation with children fighting with stepmother!
Trying to understand if a solicitor is offering best advice here, I'll try and summarise. Widow (W) is married to Deceased (D) for 17 years. It's a second marriage. D has two children (D1 & D2), Widow has two children (W1 & W2). Relationships between all are good until after death of D. D's will appoints W and friend (F)…
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paperless banking
As executor of the will of a fanatic of paperless banking, I am increasingly anxious about how I can know all the places money has been tucked away? I am very unlikely to be given access to the password to the laptop or to emails, and understand I should not be reading another person's emails anyway. I am also very…
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Credit Cards, Estate and sleepless nights Help...
Hello - Need some advice. My father recently passed away, and I am now sorting through his 'affairs' We have discovered a sizeable amount of debt owed to Amex, and two debt collection letters from Wescot and Cabot.... His estate was made up of £250 in the bank and a few quid in his pension account (literally a few quid)…
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Insurance policy payouts?
Hi all My MIL passed recently. There was a will leaving her half the house to her 2 kids, my wife and her brother. Will was unsigned and with no previous will, the whole lot goes to her husband, my wifes step dad, who will now be, i assume, administrator of the estate. Kids get nothing Before her death, she had told my…
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R185e income tax form
this post is now deleted for confidentiality reasons. Thank you.
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How much can be given as a gift
Good afternoon. My father has recently passed away and left everything to my mother in his will, one of my father's wishes was that when the will was all sorted out my mum should pass some money on to my sister and I, and my 3 children. His wish was that my sister and I get £10,000 each and my 3 children get £2000 each.…
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Residuary of Estate - House Sale
Hi all I have a friend who is making up a will. He wants to know what the process would be if he leaves the residuary of his estate including his house to a charity - specifically with regards to the house. Would the house have to go to auction to raise the maximum amount for the beneficiary - or could the house be sold to…
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Letters of Administration
Good afternoon all, Looking for a bit of guidance or someone who has experienced something similiar to my situation. My mother passed away in November 2015, I was her only child and she was not married. She wasn't a home owner and just had bank account with a couple of thousand pounds in it. Not knowing anything about…
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Can a DoV be done?
Hi just after a little advice if that ok. My husbands grandmother passed away in 2012, the will left mostly everything to my husbands mum (only child) with cash amounts to 3 grandchildren. Seemed very straight forward. The arrangements had been spoken about for years. All 3 grandchildren were fully aware of the…
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How long should an uncontested will take to process?
I have been left an amount in a will by a neighbour I used to look after. He died 29th June 2015 and had organised, through a solicitor, all arrangements for all the contents of his bank and post office accounts to be transferred to me. He had no family or friends, no property just some savings in the bank and some in the…
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Will - Have i covered all bases?
Hi all Getting mirror wills sorted for the wife and i shortly, will be finding a STEP registered solicitor to do the work, but i'm just trying to write down who i want everything to go to, so i'm prepared. Potentially not the simplest of wills I own a half share of 3 rental properties with my brother, actual ownership is…
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Adverse Possession?
I read something on the daily mail online over the weekend which really upset me. A elderly man was left a property by his parents when they died but he moved out 15 years ago but still continued paying council tax. The property was very dated and in disrepair and no one from his family went to see if it was alright. A man…