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Granny flat - deprivation?
We live in a converted barn with another semi-derelict barn attached. We had plans to convert the derelict barn to self-catering or rental accommodation, possibly with available tourism funding in our area, or with a loan. However my father-in-law has recently died unexpectedly, leaving my 76 year old mother-in-law - who…
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or inheritance tax clearance certificate?
Hi, I'd like to know how long it currently takes HMRC to issue the clearance cerificate? All monies were collected in at the end of June 2016. The IHT30 would then have been completed and sent to HMRC. We have been told HMRC had/has 7 month backlog and the solicitor would chase in January 2017. Solicitor chased 23rd…
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Unused nil rate band
Aunt has asked me to ask you very knowledgeable people the following question. Aunt is now in her 90s and is thinking about the future. Her husband died in 1991 and she inherited everything he owned (not very much in financial terms, possibly a few thousand pounds). Since that time aunt has accrued some money over the…
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Ignoring an old trust to get full IHT allowance?
I am about to apply for probate on the estate of my mother-in-law. The estate is big enough that we will have to pay inheritance tax. Back in 2000 when her husband died her solicitor advised her to get a deed of variation on his will and set up a trust, mortgaged against her house, to take advantage of her husbands tax…
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Will Writing Company
Hi does anyone have any experience of using this company? They have quoted about £1300 to do mine and OH's wills to include sideways disinheritance and enduring power of attorney. Is this reasonable value?
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Contract with heir hunter query
I think I'm going to have to go and see a solicitor about this but thought I would pick all your brains first, if you don't mind. Not sure whether it's a probate matter really, or a contractual matter but here goes anyway. A distant relative died intestate, I didn't know her so the first I heard about it was when an heir…
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Account for 3 people requiring joint agreement for withdrawals from trust fund
I am one of 3 trustees of a will that has gone through probate. The Will requires that the balance of the estate be held in trust for the wife of the deceased; she is named as one of the trustees and is entitled to interest from the account. Also the trustees are permitted to withdraw from the trust fund to pay for upkeep…
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Old debt - Statute barred
I'm writing this for my best friend as he is really worried about this. His father has passed away recently, and he is an executor along with his siblings, but as there is not much to sort, they are letting him do it all. The bank is currently in the process of clsoing the accounts and eventually the money will be…
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Contesting Will & Executors refusing to give money
Can I please ask for some advice. Mothers will of 17 years changed hours before death She died of terminal cancer 2 Sisters were with her and they are both executors I am now contesting will Previous will of 17 years split between 3 siblings New will - I got £100,000 and 2 executors got £400,000 each The 2 executors paid…
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Money in bank/care home
Hey there, just looking for a bit of advice. My step dad's mum has passed away in a care home that was fully paid for by dwp/ government. The care home have issued their final bill however all she had was the money in the bank, £800 which obviously doesn't cover funeral costs let alone care home bill. My question is, since…
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How long can I hold on to a beneficiaries money?
So previously I've posted that I was applying for probate as my father lived abroad and so couldn't execute his step mothers will. So this is all sorted, and 4 of the 5 beneficiaries have been paid. Any taxes paid etc However the 5th beneficiary is ill and I think suffers agrophobia and doesn't own a telephone. I sent a…
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How to record a loan
My mum died a couple of weeks ago and I'm currently up to my eyeballs in paperwork. My brother and I wanted to sort everything ourselves after hearing horror stories of lawyers dragging their heels and charging shocking fees. I've come across something I don't know how to record... When my mum retired 3 years ago, she got…
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Paying service charge and rent on an inherited shared ownership flat
Hi, Does anyone have experience of inheriting a shared ownership property with any housing group (in this case housing 21) and having to take on the responsibility of maintaining rent and service charge payments even though the property is vacant? Housing 21 has nothing to cover this on their website. Thanks
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Probate - Do I need it?
I am just getting around to this as I have buried my head in the sand.4 My Mother passed away in 2013. I am her only daughter. I stayed in the house she left me. No mortgage as she paid it off years ago. Do I actually need to apply for probate in this situation?
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Solvent but illiquid estate
When a will leaves a bequest stated as a monetary amount (£K 325) to an adult child and the residue of the estate to the surviving spouse but the estate consists of £K 175 cash (equivalents) and £K 200 being 50% of the £K 400 marital home held as tenants in common, can the spouse "loan" £K 150 into the administration…
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Investigation letter from office of the public guardian
A good friend of many years have received a letter from the office of public guardian stating actions that must be taken or they will apply to the court to stop my friend acting has this persons attorney. Reading the said letter comes across as a bullying letter. They state they wish my friend to continue to act has…
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Inheritance Tax for Single and Childless
Hi there This is my first attempt so please bare with me! I am currently single and childless. I would like to draw up a will that gives my parents most of my money however I would like to leave something in trust for my nephews and nieces and 10% to charity. Can anyone suggest how to best to help my parents avoid paying…
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please delete
please delete. i am going to post it another thread someone has already created as it covers my question.
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Probate sale - solicitor?
When probate is granted I have a flat to sell. This property is located 300 miles away. Is it best to use a solicitor close to the property, or close to me? Thanks.
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Financial guardian/executor
Ages since I posted here but hope someone can help. Sadly there was family breakdown several years ago and now following my father's death recently myself and the other executor find the solicitor who was his financial guardian is suggesting we resign as executors and appoint them instead. The other executor has agreed to…
