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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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Inheritance tax help
My son (15) has inherited his Aunty's house, but it's in trust until he's 25. Her partner (early 70's) has life tenancy. Who will be liable for paying the IHT (approx 60k)? My Solicitor has told me it's the partner with the life tenancy, but that doesn't seem correct to me. The life tenant has been told by his legal helper…
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Deceased's debt liability
Hi all, I've heard that nowadays a credit card debt is wiped upon the death of the cardholder and the executors can no longer be chased for the balance. Is that true? And if he deceased had a recent bank loan and died only a few repayments in.. can the executor still be chased for the outstanding balance (it's a lot!) or…
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Will v No Will
Asking on behalf of a friend. What are the major differences between somebody dying with a will v dying without a will in respect of cost and time taken to apply for everything? Assuming the deceased is widowed, no house to sell and has two adult sons who would split the estate equally. I can’t really see a great…
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Severn Trent issues in settling decease estate
I having all sorts of issues with Severn Trent regarding my father in laws estate. They have confirmed that he had £190 in credit but will only issue as a refund to his bank account which is frozen or to the beneficiary via proof of a will or legal letter of administration. There was no will and as the estate is small…
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How do I find my own will
I have a copy of my own will (I’m alive) but the solicitor that had it has gone into liquidation some year ago. I’ve been through the filings on companies house and it mentions a few companies that took on WIP and debt collection. is there a process that they follow for passing on old paperwork like wills and deeds? is…
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'Adjustments': what are they?
Good morning.When I thought that probate would be near to be finalised, my solicitors contacted me letting me know that the Residual needs to be retained in the client account till we'll have heard from HMRC for possible 'adjustments'. I do understand that it is a safe step to take. It's going to take another 4-6 months,…
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Banks accepting APS ISA allowance with monthly pay away option.
Not sure if this is best posted here or in the finance section, but as it relates to bereavement, I thought I should post in this section first. I am trying to find a Cash ISA provider (Easy access or Fixed) who will pay monthly interest away to a nominated account AND accept an APS ISA allowance to initially fund the ISA.…
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widow needs DIY probate help re insolvent estate
Hello, My husband ( formerly self employed and retired) died after a period in care with dementia. I have been doing the probate myself and have received the Grant of probate. There is only a few thousand in the bank, no property, no anything else. He had been paying back a Working Tax Credit overpayment to DWP and there…
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IHT Direct Payment Scheme - timescales
I'm curious about how this works in practise. It seems that it is a paper situation and electronic payment may not be possible, are any banks part of an online system with HMRC? Does the payment slow if there is more than one account at the same bank for where the monies are paid from? If it's a mix of payments from…
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Payments into deceased account
Parent has passed away. I am executor. I have used the 'tell us once' service and have had notification from one of the banks (nationwide) that the account is now frozen until probate is given. Question, What happens to payments that were going into the account? The rent from a property that is rented out is currently paid…
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IPDI will on first death
Adding beneficiaries as trustees on title deeds with an IPDI (Immediate Post-Death Interest) will has both pros and cons. What are the pros and cons? Am going to see a solicitor after new year to discuss. They are both property owners. I was thinking of transferring the title to myself and them!Is it advisable. Do I need…
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Will Trust , what sort of trust is it and is IHT due ?
Hello everyone, I hope you can shed some light on this. Mum dies two weeks ago. We all lived together in the same house. We thought she had rewritten her will to make me sole beneficiary, we saw a draft but i’m guessing it was never finalised. Instead we have the will that states that my wife and I are to be lifetime…
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Executor obtaining House Buildings Insurance
I'm an executor and I need to obtain House Buildings Insurance on behalf of the estate, any pointers appreciated TIA.
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Accept entitlement under a will?
Despite maintaining good relations with my ex-wife and her mother I've been very surprised to be notified I am a beneficiary in the will of my ex-wife's mother to the tune of a few grand. Not sure what my ex wife and other members of her family feel about it, I imagine none of them will be happy. I haven't talked to my ex…
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Please allow us a reasonable time ?
A few weeks ago, I contacted Seagull Legal Services the “technical”
executor of my father’s estate to advise my brother and I would like a Deed of
Variation put in place to redirect my 1/3 share (approx. value £20k) of a
retirement property to my him – our sister, the named executor in the Will, is
the other beneficiary…
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Transferring assets in event of terminal illness
Married couple, one of which own a second property entirely in their name which they inherited about 10 years ago (and have never lived there). Their spouse has been diagnosed with a terminal illness and looking online there is a suggestion that the property should be transferred into their name as when it's then…
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Overpayment of Pension Collections
Hi all, my mother received an overpayment of pension letter from the DWP about a year after my father passed away. I checked the payments made and found that there was one made on the day of his passing (technically while he was alive), but not after that. I also read the Martin Lewis post about ignoring these types of…
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How long did it take?
How long does it take after the person died, to handing out the money?I am guessing a total of six months would be normal. To sell a £250k house and £50k, maybe there are delays with the council/government?
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Dealing with an intestacy
Hello everyone, I'm dealing with the death of an elderly relative who didn't leave a will. I was her next of kin in terms of social relationship. She was my dad's cousin - making her my 'first cousin once removed'. Her closest relation is an uncle who does not have the capacity to deal with probate and has signed a PA12…
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Legitim (Legal Rights) and Transferrable NRB
In Scotland and trying to figure out what NRB can get transferred to a Wife based on 2 scenarios. Husband's will is about £270000, leaving everything to wife, plus £10000 to grandkids, roughly £10000 in PET's. Scenario 1. 3 Children claim legal rights Scenario 2. Don't claim legal rights. Any help appreciated, and also is…
