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Value for IHT of 99% of a house? help
Hi my parents' inheritance tax planning was complex but part of it involved selling 1% of the family home to my brother who has never left home (he is over 50 and in the end was my mother's carer). The tax advisors said this would reduce the value of the property for IHT purposes by 15%. My brother still lives in the…
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Probate granted- advice on house rental
My sister and I are both executors for my late father's estate. The estate was simple so we decided to go for a DIY probate which was a painless process and we now have the Grant of Probate. There is a property involved and we are thinking of renting rather than selling. I would appreciate advice on the following: 1.…
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Property ownership after death
A long story but my mom is unsure of whether she owns her home after her ex partner passed away. They were joint tenants with joint beneficial ownership at the time of separation. However he made her sign a letter he typed stating if he gave her £20000 she would give up all her rights and make no financial claim in the…
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Dying relative - what next?
Elderly relative not expected to live more than another day or so. Has children but has appointed his two older siblings (late 70s) as executors. They do not wish to relinquish the role as they want to do right by their relative, but they are struggling with the potential stress it may cause, so I am trying to find…
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Playing choice of music at funerals
Can somebody please advise me what the legal/copyright position is regarding playing a piece of music at a funeral if: a) it comes from a CD in your own collection? b) if it is something you have recorded from a site like YouTube? Do crematoriums keep a standard stock of music from which you can choose or do you generally…
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Help needed
Hi there, my father passed away last year nearly to the day, my sister was made executor. We were granted probate within a few months but told by solicitor that everything to be kept in the estate to avoid Inheritance Tax. The property went on the market and sold quickly, beginning of this year. We have now been told as…
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Unreasonable Executors
My mum passed away unexpectedly in August last year. Her executors have made my life hell after I questioned them taking a solicitor to my Mum just hours before her death to make amendments to her will after she had told me to tell them not to. They have done all sorts of nasty things including changing the funeral…
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Disposal of assets to Spouse
Can I seek advice on the following please. A friend’s wife (in her 70’s) has a terminal illness with weeks/months to live. She has been happily married for 40+ years – with adult children. Both have recently made out wills(through solicitor) leaving everything to the surviving spouse, who will be the executor. The reason…
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Co-op extends free child funerals to all under-18s
Parents who experience the tragic loss of a child aged 16 or 17 can now benefit from free funeral arrangements...Read the full story: 'Co-op extends free child funerals to all under-18s' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Possible Inheritance Act Claim, how long to wait before distribution ?
Mam died,I am sole executor,will probated more than 6 months ago. Had a very threatening letter from siblings' solicitor. Solicitor threatened inheritance act claim,undue influence, unsound mind, poor executor's communications,me having to pay their legal fees etc,etc - all total lies. I have not taken the bait and have…
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Can council demand bank details
My mother passed away recently and left debt to her local council ( England) along with other debts, she left no will or estate there is no power of attorney and she had no large sums of money or property and we were told that it did not warrant probate. Her bank account was closed and we were given a form showing the…
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Order to distribute will advice
My partners grandma died feb12 2016 by July we hadn't heard anything re will (they were very close and she had promised when she went she would leave him something) so we downloaded a copy of probate and will. These were granted in April 5 2016 and named him and 6 beneficiaries as entitled to £1k each with remaining estate…
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Nile rate band - transfer Q.
Hi, I'm just checking I've understood the rules. The situtation is thus: my mother died in autumn 2015, leaving all her assets to my father, meaning the assets were not subject to inheritance tax, the estate being exempt because it passed to her spouse. My father passed away recently and he has left all his estate to me,…
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valuation property and contents
how thorough does the valuation have to be? for a property in greater london estimate around £500,000 should it be by estate agent or formal valuaer/surveyor? and for the contents, how detailed? are the probate valuers that do both property and belongings reliable for IHT , and whats the cost? thanks!
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Supreme Court Ilott judgement.
https://www.supremcourt.uk for full details.
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Gazette Ad
I'm acting as executor and I'm about to place the Deceased Estates Notice in The Gazette. The deceased was living in a care home, so he didn't own his home. Therefore, is there any advantage at all to placing a second notice in a local paper? Note: I'm only a minor beneficiary of the will myself, so it's important that I…
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Intestate inheritance advice
Hello, I need some advice on behalf of my mother. My great grandmother passed away in 1966 without leaving a will but owned some property and a business with debts. My grandfather lived and ran a haulage business from the property at the time of his mother’s death and paid his sister a sum equal to the value of the…
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Advice ahead of marrying
I realise this isnt the most romantic thing to think about but I;m after some advice about what I need to think about in my situation. I am getting married next year, (a second time), both of us have children from past long marriages. I own a house, he rents but has a large amount of savings. We dont intend to live…
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How long does it take to get probate
A cousin died 7 moths ago leaving a very large amount of money in a Prudential bond? plus other stuff including a housebut not enough to pay tax. Solicitor is executor - they still haven't applied for probate - found out 3 weeks ago they need to apply for a bridging loan to pay very large tax bill before they can even…
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Are my children entitled to their father's possessions?
I am after some advice. My children's father died suddenly a few weeks ago at a young age, unfortunately he did not have a will. We had 3 children together ages 12, 7 and 6. We were renting a housing association house in which it was under my name, 3 years ago we split up and i signed the tenancy over to him and bought my…
