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Trust past 18?
Hi all Can someone please point me in the direction of the relevant law that says trusts in wills saying children cannot inherit till a certain age over 18 (25) are not valid and can be accessed at 18? Thanks Brighty
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Dignity
Having just lost my mother I began to organise her funeral. I rang what I thought would be a local Funeral director but when visited by funeral director was told it was a company called Dignity based in Solihull in the West Midlands .What they are doing is taking over most local funeral directors leaving there names the…
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problems with fence probate property
we are just submitting a probate application for my late brothers property. it has a long garden with a wooden fence at the bottom with creeping ivy over it and is a bit weatherbeaten. we know for the last 3 years he had talked to the neighbour to consider replacing it but nothing got done. now she has approached us saying…
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Deceased wifes debts.
My wife passed away approx 5 weeks ago and I have now found out that she has online shopping accounts owning £400 plus a credit card debt of just over £2500, which I knew nothing off. My wife had no other funds and our house was in joint names. My wife left no will my question is am I liable for these debts?
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Conflict of interest query
My brother died in December 2016 after around two years of ill health. he did leave a will fortunately. His entire estate is to be divided into 9 portions according to his will. he was unmarried , had a partner of 10 years duration (who was still married but separated) no joint bank accounts. everything was in his name. He…
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Advice on executor behaviour
Sorry this is a new account, and for the vagueness, and length. I need some advice, and do not wish the parties involved to google me by the username they know me by or by other specific details! One of my parents recently died, and named me as executor in the will, along with my sister. Everything was left to the spouse,…
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Anothe IHT valuation
Hi My family has been involved in settling a complex estate for over a year now. After not accepting the first valuation of land and properties although the chartered valuer was approved, a second valuation was demanded. More IHT was paid. Properties have been sold to pay this We now have a demand for a third valuation!…
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Replacement executor - Grant of Probate
Any info/advice much appreciated :-) One brother replaced the other brother as executor of will due to dereliction of duty. Because first executor hadn't settled estate within 6 years. The Grant of Probate for the first executor was completed in August 2016. The executor was replaced, via consent order in Dec 2016. Does…
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FIL died intestate
Hi all, FIL died intestate in March. He was married (but separated, widow was living elsewhere) with 2 kids under 18 to his wife, the lads lived with the FIL, then there is my partner and her two sisters (all over 18). The house was solely in the FIL name, no mortgage. Approx value 500k. No other estate that we're aware of…
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Probate and Declaration of Trust
Hi, I'm looking for some advice following the recent death of my grandfather. When my Grandmother passed away 15 years ago he placed his house in trust to myself and my brother. Land registry title deeds show all 3 of our names as proprietors (Grandfather, myself and brother). Following his passing I understand that we…
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So confused IHT - spouse and child
Hello I am sorry if this sounds like a stupid question but I can't find the answer anywhere. My dad has died and left his estate jointly to his wife and I - the estate being a house that his wife and sister jointly own but they took out a deed of variation (I think it's called) about 10 years ago when he put a substantial…
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Scottish Finance Direct Debit
Hi wonder if anyone can help. Not sure if this is the correct forum, if anyone can point me to the correct one...have posted in the credit card forum also. My late father had a direct debit for £30 a month initiated in 2009 to a Scottish Finance. There are no paperwork details we have been able to locate and a Google…
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Informing Capital One of a death
Hi, I can't seem to find any guidance from Capital One as to how to do this (can't find anything on website, can't get through on phone lines as you have to verify card details etc). Can anyone help please? Thank you.
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Joint account and inheritance tax?
Because I live in London my modest home is worth a tad more than the inheritance tax threshold, so any savings will be taxable. I have been wondering about putting some money into a joint account with my children. This would become theirs on my death - but would it go under the rules for gifts?
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Iht205
I sent the probate forms off last week so they will have received them by now. Last night I was reading through the photocopy of the IHT205 form and found that I had missed one of the amounts off when totalling up the boxes. There is no inheritance tax to pay as the estate is well below the threshold but I am worrying now…
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Discretionary Trust and the new rules
Hello My dad died in 2007 when was 20 and at the time there was no transfer of nil rate band to my mother. So she took the decision to set up a trust to utilise my dad's allowance with herself my brother and I as trustees. We are wondering if it is possible to null the trust and still be able to transfer my dad's allowance…
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IHT205 form
Any advise please.... i sent the forms off at the end of last week to obtain probate . Last night I had ten minutes to spare so was reading through my photocopy of the IHT205 form and saw that I had missed one of the boxes out when adding up. The house/assets etc are well below the inheritance tax threshold but I was…
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House clearance advice
Hi - Mrs Happy Daddy is helping to sort her Aunt's affairs and needs to get her 1 bed retirement flat cleared. We've no experience of house clearance companies. We know they take the items away but what is the exact process, what should we be asking companies and how much might it cost? Any other advice would be most…
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Money gift/loan and IHT etc
Hi! Me again! As we head towards starting the probate process, I need to understand better where I stand on money that my parents gave me four years ago in February, to help me buy my house. We're talking about £20k. Dad died in early April - leaving everything to my Mum. Where does this leave me/Mum in terms of the £20k?…
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Can an estranged member of the family be entitled to any share of an estate
I have a situation where my mother may not have a will when she passes on at some stage, I understand that under probate anything like property, money etc is split between the sons and daughters if they are not married and it is dealt with by an administrator, would that also include any estranged son or daughter who may…
