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Hargreaves Lansdown Estate department
Anyone have experience of dealing with the HL Estate department in relation to a deceased accountant holder? We are currently 14 months past our father passing and still attempting to get HL to resolve the outstanding issues to allow us to close his accounts. Emails and secure messages all go unanswered for months. Calls…
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Mum died leaving £1400 in debt- They said they'll wipe it if theres not enough in the estate but..
Mum had a £1000 in an overdraft and DWP want £400 back. She has a house which she left to me and it's valued at 140k. She had zero savings and both the DWP and the bank have said they'll wipe it if there's not cash enough in the estate (Both know about the house). However, she just got a refund on a life insurance policy…
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Certified copy of will
Before sending off the original will to probate office, is it advisable to get some certified copies of the will just in case?
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Do you have to accept a bequest in a will?
Hi all. I wonder if people could give me some sort of guidance on a situation that is likely to occur for a family member An elderly relative has, in her will, left her estate to be divided equally between her daughters and their children (2 on each side so equal shares of 1/6th) and this is likely to be circa £80k. This…
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Questions about deed of variation can anyone help please?
I am looking to distribute my dads estate by the end of April. Within 2 years of death I would like to give some of my cash inheritance to my son and another beneficiary would like to give some of her cash inheritance to her son. I have read about writing a letter instead of paying a solicitor…
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As my late siblings executor, is probate required to distribute his share of estate?
Hello I would appreciate your advice on the following please. My late brother appointed me as the executor in his will, he was resident in the US and had no assets there according to his children but he is one of the beneficiaries of my late mother's estate in the UK. I am nearing the final stages of distributing the…
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IHT402 Question - Transfer of Nil Rate Band
Question 7 asks for the net value of the spouse or civil partners estate passing under their Will or Intestacy. At the time of my relatives death all their assets (home, bank accounts, savings etc..) were jointly owned with their wife.who took sole ownership of them on his passing. My relative had no other assets in their…
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Wills
My husband and I own our house as 50/50 tenants in common. We have taken out a Lifetime Mortgage with Aviva. I wanted to make a Trust Will leaving my share to my adult child with my husband being able to live in the house until his death. Aviva have said that this is not possible. Is there another way to go about this?
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Inheritance Tax Question
I have an IHT question that I would appreciate some input on… My father-in-law died in Dec 2020 during covid. His assets were all jointly held with his wife and all were transferred into her sole name after his death (as per his will). Probate was not required as all assets were jointly held. No IHT would have been due as…
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Discounted Gift Trust. URN or UTR HMRC registration?
My father passed away in November last year and at that point I discovered he had set up a Discounted Gift Trust back in 2012. The paperwork in his files contained some communication with his IFA at the time which suggested that the funds in the trust would not be subject to IHT. He and the IFA parted company several years…
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How to sign if you can't sign?
A close friend has asked me to help them prepare powers of attorney as I have recently done them for us. The problem is that he is now severely physically disabled and cannot use a pen to sign anything. There is some arrangement in place that allows a family member to sign cheques etc but this is limited to the one bank -…
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IHT411 Listed stocks and shares
I understand stocks and shares ISA will need to be included in IHT411. How about if the S&S ISA is a discretionary managed porfolio containing lots of different funds? Just wondering how to deal with that..
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Married couple gifting to children
I’d like to try and understand the technical/legal position with regard to the following transaction. Married couple. One party (say the wife, but doesn’t matter which way round) asks husband to make cheque/BACS payment from his sole account) to child/grandchild as a gift (from wife). Which he does. Wife then refunds the…
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IHT 403 - Gifts out of income where husband / wife income is combined
Although I do not foresee either myself or wife actually bothering the £325k threshold, I am thinking of creating records to support the probate / IHT 403 process on the death of either myself or wife, in the main to reduce the burden on our children who will be executors. We pass money on to our kids on a regular basis -…
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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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How long is probate taking for a simple estate at the moment?
My solicitor is just about to actually apply for probate after receiving my Mother's funeral cost details. All other documents sorted and a fairly simple estate of one property (owned outright) and one bank account. No other debts. I am the sole executor and beneficiary. Thanks in advance.
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Is a lifetime trust worth doing?
Is a lifetime trust worth doing to protect house from care fees to ensure children get the inheritence? Very simple, Mum owns the house, fully paid off, worth less than £300,000, only one child and is wanting to do this to protect the inheritance for myself. I know she has to survive for 7 years after doing it or the…
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Will / LPA
Hi all. Bit of background. Wife's Aunt and Uncle 85 and 89. (Father side) 2 Sons, both estranged not spoken to for 30+ years.Eldest re acquainted last year for about 7 months but in Oct cut all contact again. We are assisting with things like on line shopping,helping to fill out Benefits etc but they have Life Assurance…
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IHT form 403
As i’m acting under a Financial Power of Attorney for a close family member, I’ve started to keep a record of all Lifetime Gifts (which will be needed for the IHT 403 somewhere down the line). I’m obviously fine with knowing what has been gifted since I’ve been involved (one gift on marriage of grandchild), but going back…
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Income Tax Return after death
My mother died last month and I am an executor. Her affairs were pretty simple, but she did own a house, rented out since she finished her days in a care home. So I will need to complete a tax return for 2022/3. I have all the information I need to do this and would like to get it sorted so I can move on to IHT and…
