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Prepaid Funeral Plans
Hi! This is the discussion thread for the Prepaid Funeral Plans guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide. Thanks folks :) ,
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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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Probate Application - figures requested on Probate Application differ to IHT Online Checker
Once we have done the Online IHT checker, it comes out as no IHT payable - which we expected. The printed calculation to accompany the Probate Application shows the same figure for Gross and Net Probate Value. However, after putting in these figures, the calculation throws out a different Net Value. We can identify the…
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Query about estate in will
Unfortunately been diagnosed with cancer and looks like could be not long left. I have a wife and 3 kids. Have done our wills and everything is due to go to my wife. However, by my reading currently my assets would seem to be outside the estate valuation. We own a house jointly. I have life insurance (although risk it…
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Wills/POA
My mother is alive and well, but we are trying to set things up in case things happen. A long time in the future, all going well, but I have a couple of questions and would appreciate input, as Google is giving me so many different answers. She had a will a long time ago, she can't find it now, and the solicitor who had it…
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LPA and Gifts
I am currently in good health, but old enough that it is quite possible that the LPA I made some time ago might have to come into force. I currently make gifts to a couple of friends, one almost every month and another every few months. I would like these gifts to continue even I am no longer able to make them myself.…
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US share holding on death - Etrade
I am the administrator of a fair number of shares which the deceased (a UK citizen, resided in the UK) received as part of her renumeration working for a US company. The US broker is Etrade. Etrade's website says that upon notification of death they will assign a case manager to guide executors through the process. No case…
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IHT 403 gifts
Has anyone noticed today's article by Mike Warburton (tax expert) in the DT paper ? He says that gift relief for 'Normal Exp out of Income' applies first, even before the Annual Exemption is claimed. He says this, simply because this is what HMRC say in their own manual IHTM14132 (and that is indeed the case). Now this is…
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POA vs Trustee of a Discretionary Nil Rate band Trust
If a Trustee of a NRB Discretionary Trust is also an Attorney under a POA for finance for the same person/donor (who is now deceased) and refuses to to supply accounts for either the trust or the POA (having burnt though circa £600,000 of funds in 6 years (substantially on themselves) how would that work with any legal…
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Gazette notifications
I have placed an ad (with P.O. Box) in The Gazette and it is now two months and one day since it was published. My question is do Gazette notify you of if no creditors have come forward in that period? Feels like I need some kind of confirmation before distributing estate.
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Carers Allowance after a death
Hi All, My wife passed away in February of this year. At the time I was receiving carers allowance. This ceased being paid following my submission of the "tell us once" form. In case it's relevant, I then applied for bereavement support payment, and am currently in receipt of that. Today I randomly received £739.90 in…
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R185s
I have a question concerning interest included on the form R185 issued by the trustees of a will trust (IIP) to the beneficiaries. The sole remaining asset in the trust is (now) money in the solicitors client account, and the interest thereon exceeds the £500 reporting threshold. The solicitor has prepared the R185s, and…
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Council demanding o/s care home fees from family after death
Just looking for some advice if possible please . Her care home fees were paid by the local council / part funded by her (her pensions ) She had no assets , around £300 in her bank when she passed away . She had a life insurance policy , of which myself and my sister were beneficiaries. The council has come to us saying…
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C4 corrective account query
I’d be grateful for some help. I’m dealing with my father’s estate. IHT400 submitted, tax paid and probate granted. The VOA decided it did not like our red book property valuation and we haggled and have just paid the additional iht (plus % calculated through the online calculator). Do I need to submit a C4 for this or…
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Deed of Variation
Hi - my mum recently passed away and before she died she had told me she wanted to update her will - leaving £15k each to her grandson’s and 15k to her son in law. She didn’t get an opportunity to update her Will so this isn’t in it. Both my sister and I are Executor’s and aware of her wishes and happy for the money to be…
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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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Quick probate
Less than two-and-a-half weeks. I was expecting the same amount of months, at least. The estate is just under the IHT threshold (and actually may be exempt from requiring probate but we decided to go ahead and apply).
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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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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…
