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Discretionary Trust Tax Pool
Hi All. As a Trustee
of my father's Discretionary Will Trust, I'm ok with the basic
concept of the Tax Pool, but don't understand one particular aspect. Using HMRC's Discretionary Trust Tax Pool Calculator,
I entered the following:Tax Year 17-18, No of Trusts = 1, Other Trust Income
(available for discretionary…
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Father died 30th March and was not told about it. I am 1 of 2 sons alive, The rules of intestacy
I am looking for help, I found out today 18/06/2020 that my Father died 30/03/2020 and as far as I am aware he left no will, other than he probably left some form of paperwork with the other son's Grandson (both younger than myself) who lived with him up until his death. I wasn't close to them as I was adopted legally and…
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Bereavement Support Payment form part of an estate ?
Hello, I'm helping on an estate that is currently showing more debit than assets . A solictor has been appointed who the family is comfortable with and things are moving along. My question is about a Bereavemt support payment which has been awarded at the higher rate to the widow in a initial lump payment and then 18…
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giving away half of my money
Just wondering if anyone has some clear advice. my mother passed away 7 months ago, very young and so had no will. myself and my brother managed to get everything arranged for the funeral etc, and as he has children, does not live local and works full time we decided it would be easier for me to become administrator of the…
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Urgent help needed! House being sold before will read
Hi all, Need all your advice! Will be speaking with solicitor/family lawyer first thing in the morning. Father in law has passed away due to Covid in April. Funeral has taken place, but company holding the will won’t release until executor contacts them. They have been provided with the death cert, but we’re getting…
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IHT205 question re Prudential Annuity - thanks in advance for assistance
My father died in April 2020. His estate was simple in that he was in a nursing home since property was sold in 2016. Any stocks and shares were sold in 2016 so he just had cash in banks and building societies totalling £290,000 and his state and BP pension stopped paying out on death. He had a Prudential annuity…
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Is an Executors Account legally necessary?
Mother-in-law died Jan 2020 and probate granted May 2020. Three beneficiaries (her sons) who were named as executors. Two brothers live in the same town, but the third brother lives at the other side of the country. The bank wants all three to attend interview before an account can be opened, but the problem is that due to…
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Greedy Sibling
Hi, excuse how long this is.... It has been 1 year since my father passed away. Our will is very straight forward, everything should be split by 3 (me, my brother and sister) which includes his estate (property, banks etc). My brother was made the executor. I did not even mention about the WILL till after 3 months of my…
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Will trust
My Aunt passed away last year and left the majority of her estate to her two grandchildren using a will trust and naming two trustees from the solicitors firm she used to write the will. Probate was granted and the trust has finally been set up in their names. They've made a few requests for money from the trust for such…
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Lack of will relating to a house
Hi my dad has sadly passed away and unfortunately has not made a will. His house deeds document his wife as the occupier. I’m unsure if this gives her legal rights to the house ? And what I should do if not. Any help appreciated. Thanks
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Administrator Issues
Hi all, does anyone have any stories about administrator problems of an intestate estate? I have trawled the internet and have come across some cases but it would be interesting to hear what others have experienced. I know an administrator can’t be removed simply on the grounds of hostility and I’m not seeking to remove…
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Are we forced to sell mum's bungalow after her death or can we rent it out?
Mum has made a Will for 50/50 division of her estate between myself and my brother. The bungalow could sell for about £100K and she will have less than £20K in cash. Do we have to sell her bungalow upon her death and share the cash between us or can we rent it out and sell it in years to come? (we are thinking that with…
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Probate/IHT205 do I inform HMR&C as well or just HMTCS
I have completed a form IHT205 ( simple estate under £325,000 no house to sell) and posted it off along with the PA1P(all in paper -nothing online as my computer skills/printer/ computer are not good enough and unable to replace at the moment). I have telephoned the tax office to say my Mum died and received a letter to…
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Daughters Father has passed away.
My Daughters father very sadly died recently, we were no longer
together but my daughter saw him regularly. My daughter who is 11 years old was his only child, he did
not have a partner and has never been married, he died without leaving a Will. His brother has approached me, he has been in touch with a solicitor
who has…
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Death in Scotland - Confirmation, Insolvency & Selling the Property
Hi all, I'm hoping someone may be able to provide me with some guidance here as I am unsure what the best course of action to take is. My Mother passed away in May of this year (no will) having been sequestrated in October last year. She had been poorly for quite some time and had not been able to provide the Trustee's…
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Complicated house ownership or not?
My Father has suddenly and unexpectedly passed away. He left a will leaving everything to my Mother. His cash assets are over £325k. While I stilled lived with my parents in the early 2000 my father purchased a plot of land using his and my money, the land was registered in my name. My father was a builder and over the…
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My dad left money to be held in trust for my children - help please!
Hi My dad passed away last October leaving a will, both named executors renounced probate so I've been left to deal with everything. We have the grant of probate and I now have to set up accounts for my 3 children for the money to be paid into. My dad's will states that it will be held in trust and they can recieve it upon…
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Probate Property Valuation
I hope everyone is keeping safe. Would greatly appreciate some guidance on the following situation. I need to get several properties valued for probate purposes and plan to use someone who is a member of the RICS. However, I have been given different information regarding required qualifications which would have a marked…
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Probate accounts question
Hi All. Elderly relative with three Adult children. One child died a few years ago leaving 2 children, and 4 grandchildren (grandchildren from the deceased child). 18 months before The death Of the elderly relative, she makes a new will leaving everything to the remaining two siblings (who were executors). It was said the…
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Estranged husband has passed away
Ok so simply my Sister's estranged husband has passed away, she was informed today by a stranger that sent her a friends request over Facebook. She hasn't had contact with him for the past 6 years nor does she know where he has lived during this time. She hasn't been able to afford to seek divorce due to finances (he left…
