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Inheritance tax in instalments.
Hello, I am dealing with my deceased uncles estate which amounts to approximately £405,000. This is made up of a £385,000 house and £20,000 savings in a building society. For simplicity I have left out details of personal belongings and furniture etc. There is therefore a 40% tax bill to pay on £80,000. I would like to pay…
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Trying to get a will done quickly - person in hospital
I've had a good read round the forums and it seems fairly clear that online and DIY wills are not a good idea, instead talking to a local solicitor is the proper way to do it. My problem is my Dad is currently in hospital struggling with an infection after hip surgery, no-one in the hospital thinks it's anything terminal…
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Care home fees when house is not in joint names
A few questions if I can ask , My FIL may have to go into a care home as he has been diagnosed with vascular dementia , we are not sure if the house where both my FIL and MIL live is in joint names or just my FIL.. If it is in his sole name is that classed when doing the financial assessment to see if his care is going to…
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Wills/Inheritance/Stepchildren
A colleague posed this scenario to me yesterday and I can see both sides, so interested in other people's views. His Sil is 1 of 5 children who have the same Mother. She had 3 children, divorced and remarried over 30 years ago and went on to have 2 children with husband no 2. The wills were discussed recently and an estate…
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Complicated - mom in care-home house sold - haven't seen any will by brother- HELP
Some background-My father died two years ago, mother went into a care home. house was sold (according to my brother the house had to be sold to pay for moms care - she was put into a care home after the funeral as she was a stroke victim) my two brothers were joint executor of my fathers will. The funeral was wholly…
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Beneficiary in a 20-year-old will
I have just discovered that I and my brother are beneficiaries in a 20-year-old will (1995) of my aunt (mum's sister). This came out as part of a recent bereavement that started me thinking about various will-related issues (including starting the process of making my own will). I requested a copy of my father's will, as…
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Separated husband passes away
Hello, first time on here for me, my husband and I were separated for 3 years when he sadly passed away in January of this year, my name is on his death certificate, but his sister was the executor of his funds, he had a death in service and life insurance policy, but do not know if he has a will, my husband and I were…
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Understanding IHT
My husband's estate, including the house, will come to over the IHT allowance. The whole pot is split between me and his daughter a 46/54% split. a) Does that mean that my 46% share is exempt from IHT and b) does the fact that his daughter is liable to inherit a share of the house mean we qualify for the higher allowance?…
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Probate forms totals and Executor account questions
Filled out the probate forms and sent them off. I wasn't sure how much the total debts were going to be so put an slightly higher estimate figure in case more debts come to light in the future. I'm just wondering if this inaccurate figure will cause any problems? currently, debts will be under the amount that we put. I'm…
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slow probate
my father passed away in may 2016 and left a will leaving his solicitor as sole executor. after many delays she finally submitted the iht400 in december. after hearing of probate fees going through the roof, I got in touch with her to see what was going on a couple of weeks ago. last week she informed me that when she…
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Will/probate advice
My husband's stepfather died very recently. The relationship had been strained the the death of my m-i-l ten years ago, dwindling to emails and birthday/Christmas cards. We received a phone call informing us of his death and also to let us know that our two children are beneficiaries, although the exact content of the will…
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Solicitors and badly written wills?
This is just to satisfy my curiosity, no other reason although the scenario does arise from a real situation. Person wants to makes a will in a hurry, doesn't really think it through. Goes to solicitor. Will states house can't be sold for x years to allow the resident children time to sort themselves out before the non…
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Probate, a house and a difficult sibling
I need some advice and I will try to explain the situation as best I can. My mother died a few weeks ago. She did not leave a will and we are currently going through probate. There are 3 children. I lived at home with our mum and cared for her in her last year, child 2 and 3 not lived at property for close to 20 years. The…
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How to get information about a death/ funeral
Hi, hoping someone can advise here. I am involved in a local charity and we used to visit an elderly man on a regular basis. He was taken into hospital recently and we suspected that he would never go home again. Las week, we heard, although it was not confirmed, that he had died. Sadly, this week it was confirmed that he…
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House nearly at exchange, now need to urgently apply for probate!
My mother died on Monday and we were very close to exchange of contracts on her house (she was in a nursing home). I had an LPA and so was already dealing with all her finances etc. I also had a copy of her will, for which myself and my brother are executors. My brother has powers reserved. I have written to the solicitor…
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advice re probate forms
Hi folks, as has been noted often elsewhere on these pages, engaging a solicitor to process probate can be slow and expensive... and yet, elements of probate can be difficult to understand. Can folks advise a source of good advice (other than here, of course!) I'm aware there's a help desk, run by the government probate…
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Help urgently needed
Hi I unfortunately lost my grandma 2 weeks ago and my mum has been dealing with her affairs. As per my grans request we are having the wake at the nursing home she had been resident in. At the home they have an internal banking system where each resident has a 'pot' of money they can use at anytime. Well today my mum has…
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MSE News: Probate fees set to skyrocket from next month
The cost of sorting out someone's property, money and possessions after they've died will increase for many next month, with some to face fees of £20,000...Read the full story: 'Probate fees set to skyrocket from next month, despite parliamentary challenge' Click reply below to discuss. If you haven’t already, join the…
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on line will writing service
Not sure if this is the right board. OH wants to make a will just something basic as he has very few tangible assets, not great savings, does not own property or shares etc. He was thinking about using one of these on line will writing services . at least as a starting point.Has anyone here used one and can recommend?
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Bank emptying deceased account for single beneficiary
I was in Barclays recently with a relative who is one of two beneficiaries (daughter and son) of a recently-deceased relative who died intestate 11 days ago. The deceased's estate is not large - approximately £7,000 in the bank accounts and that is about it. She has outstanding debt from a credit arrangement that she has…
