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Is CGT payable or not on house sale after 2nd death?
Mum died March 2024 and left her half of the house to my brother and I using a Liferent Trust to give beneficial ownership to my Dad. House valued at £200k for Confirmation purposes. Dad died in January 2025. Brother and I are executors and beneficiaries. House valued at £230k for Confirmation purposes. No IHT was due as…
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Have I inherited part of property with surviving parent?
Hello, 10 years ago one of my parents passed away. In their will, they left their half of the family home to me. There was no clause or mention that this was on the death of the surviving parent. Do I therefore legally own half the home now? The surviving parent is considering a move, and I don't know how this works if…
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Selling a property after death
Currently my wife is trying to sell her mothers house after her death. However, her brother is being obstructive would it be best to use a solictor
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Final questions about Probate and IHT
Apologies but also thanks if you have already answered some of my previous questions. I'm doing the Probate myself for my deceased mother. I have filled out the form and requested my IHT reference which will be posted in the coming weeks, I have filled out forms IHT400, 405, 406, 409 and 435 and they are sitting in my…
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Found by an heir hunter
I have been contacted by an "heir hunter" company who tell me I may be a beneficiary in the estate of someone who may be a distant relative. They want me to sign an agreement which would give them a percentage commission of any inheritance I might receive. I have no idea of the value of the estate but if the deceased is…
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Compensation after probate
Hi My mum passed away 5 years ago 2 years later I received a letter from Cyprus About farming land with olive trees had been compulsory purchase in 1971 after archligogical items were found on the land After futhther research my mum was offered a settlement inn1982 that we never received in the uk I contacted the cypriot…
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Probate for very simple will
My father has just passed away. My brother and I are executors for his will, but I'll mainly be dealing with it. There is no property involved. My mum is the sole beneficiary. I've had POA for dad for the past few years so have an idea of how much money his has in savings,and it will require probate. He had no debts. Am I…
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Wills
My partner and I have just bought a house together after having rented for 10 years. We have now made a Will together. I have 2 grown up children. My partner has no children. The process of making the Will was straight forward. The solicitor explained all aspects to us what both Wills would entail. Prior to making a Will I…
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Trust income for mother in law in nursing home care
My 89 year old MIL is in a self funding nursing home with severe dementia. The family home is held in a Nill Rate Trust established in my late Father in Law’s will. We are partly funding care via short letting (Air b&b) and this year will be the first where MIL has received income from the trust. I already have access to…
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Making cash gifts to children who are married
Good morning. Just asking to share knowledge with my family, ie siblings etc, when we meet soon If you gave cash gifts to your children (FYI, I'm aware of 'tax-free gift allowances' IHT and deprivation of assets) who are married, then your married son/daughter almost immediately transfers the gift to their husband and…
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Inheritance tax question
My mother is in a home with savings which we are using to pay the fees. She also has an empty house worth 300k. I understand that there is a threshold of 500k before inheritance tax kicks in when she dies (325K for assets and 175k for property?) if we sell the house now and convert it to cash do we lose the property…
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Grant of Confirmation - Form C4(S) for Corrective Inventory
Hi. After having successfully obtained Grant of Confirmation last year, we are now dealing with sale of deceased mothers house. But, solicitor has just advised the wrong title number cited on Grant of Confirmation issued relating to the property, and we will need to use Form C4(S) 2022 to have this amended! Our fault…
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Death of my sons dad in the Philippines
Hi. I'm hoping someone can help a little please. I've rung everyone and cannot get any answers. My sons dad lives in the Philippines, he is married with a child. He unexpectedly died this week. He holds English bank accounts, and has work pensions. The wife was saying she had no money, so the in laws gave her the details…
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How to declare a loan for IHT
Not quite sure how to approach this, my mother in law loaned my daughter money to buy a car earlier this year, which my daughter has been paying back, unfortunately my MIL died recently so obviously the loan hasn't been repaid in full (my daugher is conintuing to pay it back into my MIL's bank account) - there is no…
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Access to money during probate
It seems likely that obtaining probate following death will take some time (perhaps 12 to 18 months?) during which time school fees still have to be paid.I realise that during this period bank accounts, etc, are frozen which means that bills like electricity and water are 'held over'.Does anyone have any bright (and…
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Deed of Variation
My wife is an executor and beneficiary with her brother under her late mothers will. She wishes to vary her portion of the property value to our daughter, does her brother have to sign the DOV, I don't think he does. The will is simple 50/50 and below the IHT limit
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putting one's home into a trust for one's children
A friend of mine has recently lost her father-in-law. One of the 3 children who will inherit is desperate for the property to be sold. Another of the three children spent many years living at home, caring for the father and has no skills and no job and will be made homeless when this property is sold. The children have…
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1 or 2 Probate & IHT applications?
We sadly lost our aunt and uncle within 3 days of each other, a couple of months ago. They had mirrored wills which are straightforward and their estates qualify for IHT, singularly and jointly. As executors, we are trying to get advice if we need to submit 1 or 2x probate & IHT applications for them, on the assumption…
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IHT409 - Can I send later?
Hi Folks, Currently dealing with an estate with an employers pension, so I need to submit IHT409. The issue is, I am at the behest of the pension provider, who have been in touch, but are not exactly fast. Two key questions: - Presumably IHT409 is well known to them. Can I expect documentation to be sent that would give me…
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Division of residue when one beneficiary owes money to the estate.
There are two residual beneficiaries but one owed money to the estate that I have included in the value as an asset. Taking the total value I want to offset the beneficiaries debt against their distribution that is equal shares. I don't think it is just a case of deducting the loan from the beneficiaries share. Please…
