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IHT400 Pensions
Hello, Can someone please explain why I have to list the pension amount in box 56 of IHT400? I put it in and it adds it to the value of the estate but pensions are outside of IHT to the best of my knowledge. Should I then list them in the Exemptions and Relief section? Thanks.
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Printed will integrity
My wife and I are finally getting round to doing our wills, and have been looking at Which?. Having noticed you can either print it off yourself, or get it printed and bound from them, a question occurs to me. If someone's will is being read after their death, and it is simply a load of separately printed sheets in an…
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Residence NRB question
Within my deceased uncle’s estate there is a house that
could be transferred to a stepdaughter. This would attract RNRB however would
it be deemed as tax avoidance if she immediately disclaimed the inheritance, and
put the proceeds back into the estate (Residual) to be split between the beneficiaries.
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Investment Bonds in trust beginning to return as an IHT mitigation tool
I speculated last year that investment bonds in trust might see a revival as a means to help counteract new IHT liabilties due to arise as a result of proposals to tax pension pots from 2027. The article below ( if taken at face value) would suggest there is now underway a notable uptick in financial planning firms…
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Where to put inheritance money for son until he reaches 21?
Hello My mum sadly passed away and has left a sizable chunk of money (almost 200k)for my son. In her will she stated he was to receive it when he is 21. As an executor, the money is coming to me. Do I set up an account in his name that can't be accessed until he is 21? Presumably it needs to be in his name only? How does…
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Property Protection Trust & beneficiary estrangement
My father passed away last year and we were estranged at the time. (No judgement please, I’m currently having NHS treatment for the complex PTSD caused by my parents and sibling.) I had fully expected that he and my mother would disinherit me, which I am fine with as we didn’t/don’t have a relationship, but it has occurred…
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Grant of Probate and Release of bank funds
I opened Executor Accounts at Lloyds Bank shortly after my mother's death. The account, with balances, was blocked pending receipt of the grant of probate. To my surprise, HMRC handled the IHT within 3 Weeks and Probate took only 2 Weeks. I contacted Lloyds Bank and instantly forwarded them the Grant of probate. I was told…
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Selling House under LPoA. FiL died
Hi, very sadly my FiL recently died. I am part way through the process of selling his house as I had the LPoA for Property and Finance (as did my wife). As he has died I understand that the LPoA is no longer valid and I have informed the OPG. The house sale is at draft contract stage. Can I allow the sale to continue or…
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Adding trustees to house deed
IPDI trust, should mum add our names as trustees to the house deed? I believe our names will be added to the house deed with hers and on her death probate will not be required. Just complete form DJP to remove her name. Just thinking ahead whether to do it now or leave it as it is until she pass away and the trust ends.…
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CGT liability question
Estate valued at less than £50k, but probate because there is a small plot of land involved which is to be passed to a beneficiary under the will. The land was bought many years ago for £20k and valued for probate at £40k. Are there any potential CGT concerns for beneficiary or executor (if the beneficiary declines the…
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Speacilist team
Our probate is being delayed because of the witness statements not signed at bedside during my aunt’s palliative care we couldn’t get a solicitor because of covid rules and the hospital staff declined being witness witnesses after earlier agreed to witness.
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Probate referred to a specialist team
Hi all, At week 16 of probate application and received an email that says: Please note that your case has been referred to a specialist
team. There is nothing for you at this stage. The specialist team will be in
contact with you if anything further is required. I know this isn't good news and will extend the process even…
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Can I apply to have an executor removed without using a solicitor?
My brother is an executor alongside myself and my sibling. The three of us are also equal beneficiaries. He Is refusing to engage with us around the administration of the estate. Sorting out belongings, emptying the house and looking at paperwork. My sibling and I have limited funds so we’re wondering if it is possible to…
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district valuer querying value of house, i replied, how long to they take to decide?
Hello, I'm the executor for my late mother who died March 2024. The estate required iht to be paid and included a property. I valued the property as the average of three estate agents valuations, paid the iht and was granted probate in April 2025. Prior to probate I did not get a RICS valuation. The district valuer wrote…
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Wills advice
Im currently helping my mum and dad write their wills. My fil was a solicitor before he retired 20 yrs ago and has been helping me. The way mum and dad wanted to do there wills was as following. mum leaving certain jewellery to each of us as is dad. mum wants to leave a lump sum of 25k to my half sister, which my dad has…
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Forced to Sell or Inject Cash?
I wonder if someone could share their thoughts on how this should be realised. Figures are examples but here goes... Will of last surviving parent states that £50k to go to each grandchild and the residue split between son and daughter equally. The son and daughter are the executors. For the sake of argument the estate…
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Complicated will
Hi all, My father passed away recently leaving a will. However, I am now trying to sort out probate and the will was not updated. In the will two named properties were left to his wife. However, since that will was made he had sold the properties and moved into one property, owning it solely. The provision in the will was…
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Is probate needed.
Helping out my ex partner whos last parent died last December. There was three surviving sons with one son who was still living at home with his dad. When their father died he left no will and my ex partner although he was the eldest child decided to let the brother living at home to sort everyting out. There have been…
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Original Will and Other Questions
I understand that when applying for probate the Probate Office requires the original will. If the process takes 9 months (NOT unheard of) does the Probate Office retain the original will for the duration? Have they been known to loose the original, NOT return them etc? If it's just husband and wife, no children with only…
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Changing probate application
Hi, currently applying for probate online and I seem to have got myself in a bit of a pickle. Myself and the other executor, my sister, have got as far as signing the declaration but haven't yet paid or submitted it. We have realised that we should have submitted a IHT400 and haven't. We answered "No" we haven't submitted…
