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Property into trust fund instead of paying probate
Hi I'm posting on behalf of my dad , he's been to sort out his will. Dad mortgage is paid off he lives alone no wife . He has 2 daughters . He had been advised that when he does probate will happen . But then also mentioned putting his house into a trust friend to escape probate but it will cost 3 grand . Cabt he just it…
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Transfer versus appropriation
Hi there What is the difference between transferring an inherited property and appropriating it? And what do the processes involve? Our solicitor has not been very forthcoming on this issue!
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Property Valuation
Probate has been granted on an estate. There are two beneficiaries. One beneficiary is having a property transferred/appropriated to them as part of their half of the inheritance. Is the value of this property the same as it was for probate or is it revalued now that probate has been granted? If so is this new valuation…
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If property transferred to beneficiary is it best to get a RICS to do valuation?
Hi there If an inherited property is to be transferred to beneficiary is it best to get a RICS to do valuation or estate agents? (as estate agents seem to put in very high valuations)
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Still confused.. whose job is it to sell the property to release the inheritance?
I'm trying to deal with the solicitor and the executor who are still not keeping me updated about my mother's estate.. once probate has gone through, is it the beneficiary's job to sell the house to pay the large remortgaging debt and free the residue, or is it the executors? Also. I'm due to have a big surgery and I don't…
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Still confused.. whose job is it to sell the property to release the inheritance?
I'm trying to deal with the solicitor and the executor who are still not keeping me updated about my mother's estate.. once probate has gone through, is it the beneficiary's job to sell the house to pay the large remortgaging debt and free the residue, or is it the executors? Also. I'm due to have a big surgery and I don't…
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Probate diy or solicitor
Re form IHT400 for probate. Very unsure as to diy probate for partners mother, have the above firms, seem very complex. If we made any mistakes in filling in themselves,would we have to pay again to re- submit them. I'm inclined to let solicitor handle it. Probate forms for her father who died a couple of years back were…
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IHT - widow
Hi, my mum was left as sole named person in my fathers will. I understand that we need to get the property now valued for IHT purposes. I'm not sure on the nil rate band situation. Both mum and Dad are named on the deeds of the house (no mortgage). The house is worth about £360,000. Dad left savings to mum of about £16000.…
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Assent of Equitable Interest – part of property only
[FONT=Tahoma, sans-serif]I am administrator of my father's estate, have obtained probate and will be selling my fathers house. [/FONT] [FONT=Tahoma, sans-serif]There are seven beneficiaries each of whom have a percentage interest and there will be a final inheritance tax bill due after the sale of the house. [/FONT]…
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Restriction - Registered Deed on Property Help
Hi, I’m hoping someone here may be able to help me out. My Mother sadly passed away recently. She was living with another guy but was still married to my Father. She left a will in which she left everything to my Father. My Father and I have since obtained the Grant of Probate. The property they lived in has the Deed which…
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Guide discussion: Probate: How to do it yourself
Probate: How to do it yourself guide. 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 Forum? Intro Guide.
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No Will/ No House Advice Sought
My father passed away at the weekend and he hadn't made a Will. The property he lived in didin't belong to him and all I can see with limited access to things so far is about £15,000 in a current account. I've done a lot of reading and I'm still confused about what forms to fill in. I'm thinking there won't be inheritance…
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property valuation-surveyors report
in sorting my brothers estate, we have had a formal surveyors valuation of his property of £650,000 from a reputable well established firm who say they have never had a valuation disputed by HMRC in 18 years the solicitor dealing with the estate asked us to get 2 estate agent 'time of death' market valuations to back this…
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Mother died intestate, debts exceed assets
Just found this forum - apologies if I'm asking something which has already been answered. If so, pointing me to the relevant thread would be much appreciated. Elderly lady has been in care home for several years and died in March, leaving cash at bank of about £6,000 but debts of around £24,000. No will. Son/other family…
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Beneficiary Advise
A very close family friend passed away 2 weeks ago. I was informed I was a beneficiary in her will, which I was informed stated I would receive any monies left once everything was paid from her estate. I attended her funeral on Friday and was approached by her brother and sister in law (who said she was the executor of the…
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Death , just found out I'm tenant in common and not joint , advice needed x
Hi everyone , I'm tying up loose ends , I'm named on the mortgage but apparantly I'm a tenant in common and not joint . I've been advised re grant of probate etc etc ? I'm paying a lArge amount off the mortgage when my late husbands death in service payment comes thru leaving me with a small mortgage , there are no savings…
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Inheritied half a house
I inherited a 50% share in a property about 18months ago - the other 50% share holder is also a beneficiary and now wishes to buy my 50%. Do we have to do any legal conveyancing etc or does my relative just pay me and we amend the Land Registry? We both have joint executorship and letters of administration The total value…
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House Clearance
Not sure this is the right place, but here goes: Some years back my mother's house was 'cleared' and it seemed that everything just went in a skip. I now have another house to clear. I want advice about getting the contents sold. It is not as if there are valuable paintings, etc., but there is a lot of good glass and…
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probate costs - unhappy
hi all, just need some words of wisdom regarding this and if its in line with normal probate costs. there a a few discrepancies of small amount £10~ in the figures and they have "corrected" but the total to be paid has not changed to us. would this be worth following up in your opinion again as they replied they have fixed…
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Mother In Law Will
Sadly my husband passed away recently,and his brother six months earlier and I am now just starting to get my head around things. His mother has asked me to ask this question, her immediate family as in her two sons and husband have all passed, and her will had that it should have gone to my husband, she doesnt want to…
