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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 - Trusts are they worth doing ?
Every time I get into a discussion about inheritance Tax the subject of Trusts always arises. Surely the HMRC and current government are not that stupid, are they a means to reduce IHT or just another money spinner for the providers ?
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Putting life insurance in trust for IHT purpose
My husband and I do not have any children. Therefore we can only make use of the combined nil rate band of £650000 when passing the estate to our nephew and niece when we die. I have heard a lot about putting life insurance in trust as the pay out is not included in the estate and we want that money to be used to pay IHT…
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Probate application - "executors named in will"
On the probate online application, it asks for "Executors named in the will". My mother is the executor and my brother and I are named as substitute executors in case my mother is unable or unwilling or deceased. My mother is willing and I'm completing the application on her behalf. Do I have to list my brother and I as…
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Gifts during lifetime for probate
I am trying to work out what gifts need to be included in probate calculations. Guidance seems to suggest ….”Birthday or Christmas gifts you give from your regular income are exempt from Inheritance Tax”. Does this just apply to small gifts under £250? Or does it also apply to gifts over £3000 if paid from regular pension…
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Searching for APS ISA's
I lost my husband unexpectedly in January and I am trying to move his cash ISA's into APS. I have already done his probate. My issue is I can't easily find which banks / building society's do APS. Does anyone know an easy way to find this out? I can't keep them with the current ISA providers. Many thanks
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C1 Confirmation form (declaration) help required
Hello, I’m in the process of applying for Confirmation, but I’d love some assistance on the wording for the declaration. This forum was so helpful in getting me this far, so thank you. However, my first attempt was rejected because (exact wording from the court letter): “The familiar relationship between the executors is…
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Does a will actually cover everything?
Hi all, Bit of a question — I’ve seen a lot of families run into trouble even when a will is in place. Things like: * Lost pensions or savings no one knew about * Important documents scattered everywhere * Executors spending months (and hundreds of hours) sorting it all out It made me wonder: do most people actually plan…
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Income and Dividend taxes
Hi all, Looking for a little bit of guidance/confirmation on estate taxes (not IHT) liable on gains/losses between the date of death and the date of final distribution(s). Due to the sums involved it's likely there will be tax owing to HMRC at some point. My understanding is that we will have to pay tax at 20% on any…
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Paying Bequests from Interest
A few months ago I stumbled on something on a charity's site and wish I'd made a note of it. From memory it said something to the effect that the executors could pay a bequest using just the interest (or income) from the estate. This would mean HMRC would reduce the tax liability. Is this a real thing? If it is, can…
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UK Probate disaster
From day one I received nothing short of terrible and egregious conduct in every possible way regarding UK probate. Neolithic incompetence is one way to describe it. Outright crooks is another. No responses to complaints, snowflake replies when I registered my disgust and upset, still no refund regarding their screw up…
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Will trust
Not sure if a will trust is the right idea , I want to leave 50% to my daughter from previous marriage on my death , the house is in my sole name , this was for mortgage purposes, it is now mortgage free , can I leave 50% to my husband ? The company who will set it up are saying it will not be protected if I need to go in…
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Impossible to be certain that all deceased accounts have been traced?
Hi My friend passed away in 2020 and I was one of two executors, as the other one was in another part of the UK, and I was also the main beneficiary, I was happy to deal with the estate. My friend had multiple bank accounts and also dabbled in Peer-2-Peer lending, but eventually the estate was settled and all beneficiaries…
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Probate - how long?
Hi, I know it's been asked before but on this cold and wet afternoon I've nothing else to do but think..... Probate submitted end of June, straightforward, just bank accounts, how long can it reasonably take? Apologies again for repetition, just wanted to hear some real experiences (recently) thanks
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Swift probate turnaround
This may assist others? Applied probate online 30 July. Received email today (13 August) to say it had been granted - just two weeks later. Admittedly they then said it woukd take up to 10 days for the grant docs to arrive by post...
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My wife and i have just changed our house tenancy from joint tenants to tenants in common
My wife and i have just changed our house tenancy from joint tenants to tenants in common, as part of our will to our one and only son, and now we are wondering whether this will affect our inheritance tax allowance??
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Grant of Confirmation
Hi, I’m trying to fill in the form for Grant of Confirmation for my dad’s estate (C1). I’m trying to do this on my own without a solicitor. I think I understand the main issues, it should be such a simple situation, but what exactly to put on the form is driving me crazy :mad:. Would be grateful if anyone could help.…
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UK resident inheriting foreign asset
Hello, If I (UK citizen and resident who has never lived elsewhere) inherit a property in Portugal from my father who was a Portuguese citizen and resident and never lived in the UK, does it result in me having to pay inheritance tax?
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Applying for joint executorship vs court direction
Hello my sister and i are both named as joint executors in my late mums will. Unknown to me my sister applied for sole probate with power reserved to me but I am concerned about her delay in dealing with distribution of assets - she is refusing to market the properties and wants to purchase herself but doesn't have the…
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New Gov.uk Probate Application
I am wondering how many people have used the new gov.uk probate application online? Are they finding it a quicker / Straightforward service? I submitted the requested original will with my application the 3rd week of August. Currently it's still on the documents received (step 2). Personally I found it very straightforward…
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Parental home proceeds to children via surviving parent
Mother sold the parental home on step fathers death (below IHT threshold) and shared part proceeds with children (30K each) just under 3 years before her recent demise. Whilst I believe such proceeds direct on death of one parent may be Nil Rate, this was indirect? and may be seen as PETS (potentially Exempt Transfers)…
