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Inheritance
My husband and I were separated (not divorced), for a number of years when he died. I understand his property will not pass to me because I did not live there. Will it go, instead, to our children?
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Executors bank account
Hi, Would anyone know about setting up an executors bank account? I rang my bank HSBC to ask to set one up but they said it had to be done in branch, they then said they are not opening executor accounts during the pandemic and that I’d need to wait a few months. I’ve tried M&S bank who I’ve an account with and find they…
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Advice regarding IHT thresholds and allowances.
I wonder if I can check with the accumulated wisdom of the board to be sure I properly understand the IHT will rate band process. The situation is - Dad died in August 2013 passing everything to mum. Mum dies in Jan 2021 passing everything to her/their children [my sister and me]. Estate worth <£2m If I understand…
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siblings refusing to execute late mothers will
I have a sister who, as executor of my mothers will has not carried out her wishes and a younger brother who lives alone in my mothers house, and who believes he has lived there so long it belongs to him. After my mother died in 2019, I offered to let him stay in the house instead of selling it if he gave me 2 end rooms…
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Getting a Valuation for Inheritance Tax
Hi there, My uncle has passed away and left his estate to me and my brother. I'm wondering what is the best way to go about getting his house valued for Inheritance tax purposes? should this be something I do asap, as would the tax we pay be based off the time the property was valued and not the time of death (e.g. if we…
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Inheritance tax - question on nil rate band transfers and gifts
To give example: A husband's wife passes away in 2015, without leaving a will. Her estate is less than the £325 threshold so no inheritance tax due. Also, even though she left no will, under the intestacy rules everything automatically goes to her husband - so would that still come under spouse exemption? In practice, does…
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Funeral complaint
Has anyone ever complained about a funeral service that wasn’t as planned. We had a cremation service for my mum in December and paid £300 for Pallbearers who didn’t turn up with no explantion.
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Have I missed anything and a couple of questions
Hi I'm new to the forum but wonder if anyone can help Dad passed away just before Christmas and I'm helping my 82 year old mum, who is sole exec, to sort things out as she isn't able to speak to people, can't use a computer and really just doesn't understand I've spoken to the Probate Service and they say probate not…
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Do i need a solicitor to transfer name on deeds at Land Registry
Hi, My Dad is the administrator of my mum's estate. Mum died intestate and my Dad is arranging for her property which I lived in to be transferred to me. My Dad has the letter of administration back from the solicitor and also the mortgage is fully paid. We recently asked the solicitor to send a Deed of Variation so that…
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Letter of administration
I applied for a letter of administration for my granddaughter's estate as her mum was not up to do so, though I did put both parents down on the paperwork, my application was refused but after months the letter of administration has been granted - I did an online probe, it went online 29th December but information was not…
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Discretionary Trust question
Hi. I have some questions about Discretionary Trusts and I appreciate any info and help regarding setting one up etc. The history is that my father in law passed away some time ago and left his half share of the family home into a trust for his 3 adult children. My mother in law is still alive, living in the property and…
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Do i need a Grant of Representation
My husband died in December, he had no will and we rent our house. He had shares with his workplace and they are worth approximately £1200. The share company have been in touch and said i can either fill in a Small Estates Declaration and Indemnity form or provide a Grant of Representation document. I have dealt with all…
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Outdated wills
i was talking to my sister in law. We are both in our seventies and asked her who are the executors of your wills. I was shocked to hear we are. The wills were dreated 45 yrs ago and we were named as guardians to their children. I advised her to update her wills as soon as possible as not keen to be executors. They are not…
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Taking steps to avoid probate
Will taking these steps during my life time help my executors to avoid probate on our deaths. Elderly couple created an immediate post death interest in their will. On first death 50% goes in a trust and the trustees and beneficiaries are the two adult children. I have contacted all the institutions regarding the probate…
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Immediate post death interest updating the register
Upon first death can the survivor add the name of the trustees who are also the beneficiaries to the tittle deed? Can it be DIY or need to go through a solicitor? Thanks
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Discretionary trust beneficiary tax etc
2 years ago my mother died leaving a will. In the will she leaves a terraced house in trust to my niece. She receives this on her 25th birthday, she is currently 14. The will does not state what happens to the trust until she reaches the age of 25. I believe this to be a discretionary trust The will makes both myself and…
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Funeral plans
Hi all, Which do you think is the best funeral plan? There seems alot but i don't know where to start. Or should I start a life insurance? Thank you.
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Catalogue debt after death
Hi, My father in law sadly passed away earlier this week. We have found that he has a catalogue account with about £2000 owing. He owns his home outright with his wife but has no savings. They do have around £1500 in their bank account but this won't cover the funeral. My husband and I will be paying for this to allow his…
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DIY Will
In a nutshell, DIY Wills: Yea or Nay? I've gotten to the point in life when it's time to have my first will. It'll be quite simple dividing things between siblings and an unmarried partner. It seems like a waste to spend £100+ on document I could easily draw up myself - the compact law templates took quite straightforward…
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How to reduce Savings for IHT?
Hi, I'm approaching 80 and financially in a good position but need some advice please. Both my wife and I have an estate of approx. £1.5m with £500k in savings/ISAs. We receive 10k a year (jointly) in pension and dividends. My son has lived with us for over 25 years and pays for pretty much everything bills, housework,…
