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Deaths, Funerals & Probate Board Sticky
Relevant Forum threads you may find helpful: * Introduction to this board * Useful references * Guide discussion: Probate: How to do it yourself If you've spotted any other threads on this board which you think should be highlighted, please do let me know. Useful content from MoneySavingExpert.com: * Guide to probate *…
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Confirmation and life insurance claim in Scotland
I'm looking to make a life insurance claim and the insurer is requesting confirmation certificate but court are saying that one will not be produced as life insurance payment does not form part of an estate, I have just received executor-dative status as no will was left. Can anyone also tell me how to word Box 2 on the…
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Pre-paid funeral plans: So you have to specify the funeral directors?
Hi My wife and I are considering starting up pre-paid funeral plans. We are both in our late 40s. My initial research showed that you had to be over 50 to start a plan, however i found a company called 'Ecclesiastical' who stipulates 'over 18s'. Ecclesiastical have said that we would need to specify the funeral directors…
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Inheritance tax thoughts
Hello, Ive been researching inheritance tax and have given myself a headache. My house and saving are about 750k. I’m not married and have 2 children who are adults. My partner lives with me. I own the house. I know I have a personal allowance of 325k and residence if passed to children of 175k so 500 in total. I would…
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How to find pensions/life insurance policies of deceased
hi Im at a loss. I want to check if my dad (recently deceased) had any pensions or life insurance at all. I believe he cashed some pensions in a few years ago but I cant find any paperwork to start asking questions. What's the best way forward please? Gov.UK was no help at all as I don't have any details to put into the…
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remainderman predeceased a life tenant
hi, having so 2 different answers off 2 different solicitors Im looking here for advice. My dad was a remainderman on a property where the life tenant still resides. However my dad has left some debts (mainly HMRC) & basically there is insufficient money to cover the cost of the funeral. On the probate application I dont…
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PET gifting via joint account
My wfe and I would like to make a PET gift (say £100K) to our adult son. We are likely to exceed the IHT threshold, and are both at an age where we don't want to predict who might die sooner, so hedging our bets seems best. We have a joint bank account and separate ISA accounts. If we each make a transfer of £50K from our…
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Is CGT payable when cashing in shares?
Decesaed left shares. Beneficiary gets residue of estate and happy for the shares to be cashed in and she gets the cash rather than a transfer of shares. What do i need to consider from a cgt perspective? Shares have increased approx £8k since DOD. I am aware that the CGT rate will be reduced from april onwards so…
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Grant of Probate - Legal obligations of the bank?
Are banks legally obliged to release money once grant of probate has been obtained? The grant of probate for my late father's estate was obtained in December 2023. The legal team dealing with his estate have already received money from a couple of his savings accounts, but are still awaiting from his bank (TSB). I sent…
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How do I get original POA from solicitors
My dad has loss mental capacity and I’m POA for him for property and finance but I need original for banks etc, the solicitors told me they need a letter from the hospital as proof, the hospital won’t do this due to data protection act and the doctors have told me I need to fill out COP3 form and bring it back and it will…
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How long for HMRC to respond to tax on a Simple Estate
As per https://www.gov.uk/probate-estate/reporting-the-estate the executor of my late relative's estate (having sold all of the assets to cash) will soon be reporting the tax owed on this 'simple' estate by writing a letter to the HMRC with details of interest and dividends received into the estate during the…
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Premium bonds on IHT406 form
Morning, on the form there is a space for holder number.. then Bond number. Have spoke to premium bonds this morning and they advise its sufficient to send the statement for date of death. Seems strange that they would want all the Bond numbers…he had the maximum in there. What have other people filled in? Thank you
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IHT 400 forms my experience
For anyone wondering what happens when you post off the IHT forms, this has been my experience completed forms posted on 19.02.2024, Royal Mail tracked the delivery did not track at all, the only message I received was that it had been accepted for posting at my local post office, this did cause me some anxiety, but thanks…
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The disaster of a poorly written Will
I'm a backup executor on my cousin's Will. The primary executor has already 'revoked' their commitment. You'll see why. Here's are my points: My cousin never told the primary executor she was the executor. Neither she nor I read the Will prior to cousin's death. This is a big mistake. Executors should be told and should…
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Advice MIL died without leaving a will
Sorry but I know this will have been asked 100s of times but can I ask anyway. My MIL died 3 years ago just before the covid outbreak but she never made a will. She left 2 children my husband and his sister. We have a 12 year old boy. His sister has 4 grown up children. The estate is worth over 200k not sure of the exact…
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Co-Op Fixed price vs. Solictor & other questions
My father recently died & we are trying to decide how to handle his
Probate & sorting his financial affairs. He had 12 bank/savings/investment accounts plus Premium Bonds (so over the threashold for Probate). He
also had 3x pensions. The deeds of the house also need to be transferred into my mum's name as they
are…
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Bank accounts
Needing help please: working through probate forms currently and it’s saying about bank accounts/joint bank accounts. We have a letter from a bank that states that 2 bank accounts do not form part of the estate as they were joint (father and Daughter) because of this letter, does that mean I do not include them within the…
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Confusion over Tenants in Common and who can own what
Hello, My mum passed away in October; my father has dementia and he is in a care home (I hold the deputyship/LPA for him). Previously we all lived together in their home and they both own the house as tenants in common. I have lived here in that home all my life. My mum has left her share of the house in the Will to me. Is…
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Will storage at Probate office - questions
I want to store my Will at the probate office. Can the executor/beneficiary be a witness on the PA7ENV label if I send it by post? Also, if I don't post it can the Will be lodged in person in London?
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IHT Calculator - Confusion for Probate
All I am about to apply for probate and I am struggling with some of the questions as it’s not coming out how I would expect. Person A has died recently and their husband/wife died before them in 2002c which they left person A everything. With this in mind, then this would mean that they have their own allowance of £325k…
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Should I change ownership on Land Registry if I intend to sell an inherited property?
I inherited a small flat my husband bought as a single man years before we were married when he died last year. As well as the main beneficiary of his estate I am also executor. Since Probate was granted I have paid off the mortgage. The mortgage provider has updated the Land Registry so they are no longer listed on the…