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Deceased Mother borrowed money from Son
Hi all Second time executor here and notice that there has been a tightening up of the inheritance tax form relating to debts owed by deceased -IHT 419. Wondered if anyone has had experience of a scenario where deceased has borrowed money from someone they had previously gifted money to. Could this outstanding loan still…
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Setting up a Trust for minors
Think this might not be the correct forum, if not maybe someone can point me in the right direction. Any comments/opinion/suggestions on our intentions would be welcome though. Saw a STEP solicitor yesterday, carefully chosen as an expert in Trusts & tax but I thought he was a nitwit, so not off to a good start. We need to…
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Inheritance tax understanding
Hi My mum recently passed away and i have started looking at her accounts and closing them. I have done a rough calculation and with the house it will be over the 325k. Some of this money came from my dad when he passed away in Dec 13, also the house was in his name also back then. So my question is as my dad never…
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Paying off deceased's Nationwide mortgage
When cousin died she had a mortgage of approx. £30,000 with Nationwide Building Society. I will be going in to my local branch tomorrow to pay off the mortgage. Cousin's mother keeps saying "if you leave £1 owing on the mortgage they have to store the deeds and keep them safe". Does anyone know if this is correct? Or if…
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Inheritance from US??
My friend from Leeds lost her uncle in the US. A solicitor has said she will inherit some money but it's nothing like what she expected, she is obviously grateful for anything and frankly has been in terrible grief for the past year. The money should be transferred in September and it will enable her to help her kids. I…
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Protecting son's inheritence
I have a house in my sole name which is currently being left to my son in my will. The problem I have is his father, if I die before him he will certainly try to get my son to raise loans/mortgage or sell it to benefit son's father. If pressured my son would certainly agree as his father is very manipulative. One way I can…
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Paying Inheritance Tax
Hi, can someone please help? I have today applied online for an Inheritance Tax reference number which will take about 7 days to be received through the post. We have until 31st August to pay Inheritance Tax without HMRC charging interest or any penalties on top of this amount. However, due to numerous problems which have…
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How to find financial history of dead relative
My brother has recently passed away suddenly without leaving any traceable paperwork. How can I find what bank accounts he has and trace any financial history as his finances seem very suspicious (he has had redundancy and PPI payments but I find where he has put these cheques.
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Who receives the share
Can anyone help ? My uncle has passed away .. He made a will including my 3 aunts & my father .. But before my uncle passed my father passed & the will was not changed .I have 2 siblings .. So who should get my fathers share of my uncles will ?should it be myself & my siblings . We live in Scotland .
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Inheritance Tax - Status of Compensation Payment?
Hi all Second time as an executor (unfortunately) but this time a little more complicated than last. I haven't been able to get an answer to this question from general research and HMRC IHT line is impossible to get through to most days. The deceased estate received a compensation payment post death (not related to their…
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Inheritance Tax reference no.
If I apply for an Inheritance Tax reference number online does anybody know how long it takes to actually get the number? What I mean is, am I given the number immediately when I apply online or do I have to wait several weeks? Thank you.
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Estate Agent Told Me House Has Been Sold But My Solicitor Says No. What's Going On?
Could someone please help Me. As members here might know my mother died in November 2015 and has left bother her house and her money to me and my 2 younger sisters. And I have a copy of the will to prove it. The problem is that my 2 sisters do not want any contact with me and did not want to sell the house. And I also have…
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Help please with Inheritance Tax Form and PA1
Hi all, I lost my mum on 5th July, and I am now trying to sort probate out. My first question is, where do I need to go to 'swear an oath'. Can I just find a local Probate Office to me and book an appointment for this? Secondly, on the the Inheritance Tax form, it asks if my mum gave any gifts over £3k in the 7 years…
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Still deciding what to do will wise
Further to my enquiry re DIY wills/cost on another thread and the unanimous opinion that they are not worth the problems that can arise – I enquired at my original solicitor from the 1980s who held the old wills as to current cost as £200 didn’t seem too bad as suggested by one poster's reply…………………………HOWEVER, my enquiry…
