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Money taken from account after death.
Here's a basic outline of events about my father's recent passing. 20th August - My father passed away suddenly 22nd August - Debt collection company called Equita paid/took (don't exactly know as I haven't been able to find any documents for this) £500 from his bank account 26th August - closed my father's bank accounts…
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Delay in HMRC processing IHT
As the executor I completed the IHT400 and sent it recorded delivery on 16 June and it was signed for on the 17th. Having not heard a thing from HMRC, I contacted them in early August only to be told that had not looked at my case and didn't envisage doing so for two to three months.No explanation for the delay was…
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settling up an estate
Hello, despite my username I do live in England and therefore subject to English Law. Our mother passed away leaving a small cash sum and her house which she owned outright. There are four equal beneficiaries, that's myself, my two sisters and a step father. I am the executor. After a year or so of relatively minor…
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Estate to be held upon trust until 21
I am an Executor and Trustee for an estate which is to be held upon trust for the deceased's two sons until they reach 21. They are both over 18. Am I (with the other Trustees) simply able to invest this money by opening an account (eg. unit trust) in one of our names or does it need to be in the sons' names?
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CGT on Estate Shares Sale Query?
Could someone help clear up a question regarding CGT on share sale from late FIL's estate? We have a few hundred shares each in four mainstream FTSE stocks, but to sell them we appear to have to transfer them into named holders outside of the estate. If this is the case the CGT would be the responsibility of the individual…
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Council Tax after Death
I'm executor to my father's estate and got the grant of probate through recently. After I informed the council of his death I got what looked a fairly standard letter setting out the council tax position - basically nothing due between death and probate provided property is unoccupied, then 6 months exemption after…
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Estate accounts
Hi, how much detail needs to be sent to residual beneficiaries? Most are relatives of mine so won't really be interested but a couple are relatives of the deceased and unknown to me. Is a simple spreadsheet showing income and outgoings sufficient?
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Deed of variation to avoid possible future IHT
My wife is due an inheritance approaching 6 figures. As a couple our assets already exceed the £650K limit so we'd like to alter the will by deed of variation so one of our sons gets the money and we avoid any possible IHT on our estate due to this inheritance should anything happen in the next 7 years. We don't meed any…
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Searching for investment policy's
I am wondering if anyone can shed some advice. Myself and older sibling are the executors of our late fathers estate, the contents of his estate are in hand and at the final stages being dealt with by our solicitor. The issue we face is that we were lead to believe prior to our father passing, that he held investment…
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inheritance issues
We are three children. One lives in Bulgaria, one in Czech Republic and on in the UK. Our father died in 2015 and left everything to our mother (currently 72 years old and in good health). It's her wish to pass everything to the children with minimal taxes but obviously she wants to remain in control of the assets to…
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Finding Home Insurance Cover for an Empty Property
My mum died earlier this year and i informed her home insurance. They said that for the duration left on the policy they would only offer FLEA cover ( fire, lightening, explosion and something fallening from aircraft). Not covering escape of water, malicious damage or attempted break ins - basically things you would want…
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Any ideas?
Bit of background - My mum died in 2008 in a nursing home. She didn't leave a will, lived in a property rented from a charity and didn't have any money. Anyway, I registered her death and paid for her funeral, I assume the nursing home returned her pension book and the charity cleared her bungalow. They didn't inform me of…
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IHT 400 Supporting Documents
Hello all Working through the IHT 400 and IHT schedules and suprised thet don't specifically ask for as much supporting documents as I expected. I'm including property valuations, valuation of a diamond ring, copy of will, proof of personal loans, copy life insurance policy as these are asked for on page 14 of IHT,…
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Will and Enduring Power of Attorney
Way back in about 2003 my mom made a will and enduring power of attorney with Chambers & McClay Legal Services. They have recently written to her telling her that it needs to be updated and enclosing a photocopy from the Guardian newspaper entitled "Lasting Power of Attorney: Planning for the Unexpected". The letter sets…
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Debts written off but money in estate
Hi all, Further to my other thread re my mother's passing recently, I have contacted a debt management company who she was paying £xx per month back to as part of an old debt. There will be money in the estate following the house sale, but it sounds like the company are planning simply write the debt off - and we're…
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Quick Question- Solicitor cocks up!!!
Hi, Our father died in April after a short illness. His estate is valued at approx. 395k. No inheritance tax is due because we can use unused tax threshold from our mother. My brother and I dealt with all the paperwork the solicitor provided, swore the oath the went into the solicitors office to sign off everything. A…
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What do I do??
Hi, Here goes.... my father passed away a few months ago very suddenly. He didn't make a will so everything goes to my step mother he had some land he brought for me years ago that I kept my horses on and always said that will be mine one day. So my step mother thought that dad had put the land in my name years ago (never…
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am I in the will?
A relative of mine died a couple of months ago - throughout my life I have been told they have included me in the will but I dont know this for certain. I dont want to go asking the executor as its their immediate family so I personally think it would be poor taste to say 'sorry for your loss but was I left anything'. It…
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2 executors unable to agree on house price
My husband and brother in law are the executors to their late mother's estate, they can't agree on the lowest offer they would accept on their mother's house. What happens now? One party is willing to negotiate, the other has made their mind up and will not budge an inch. When they have discussed this on the phone, via…
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Clearing a House
I'm currently in the massive process of clearing my parents' house and wonder if anyone has some tips on how best to dispose of certain items. For example there's a collection of vinyl records - mostly jazz, classical and South American salsa, and some books dating from the 1920s/30s - some classics, some not, but nicely…
