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Inheritance tax forms
I am executor of an estate of a friend who recently passed away. Her husband passed away in Nov 2021 and left everything to her, his spouse. (property and money). Her estate is worth about £600K. The online IHT checker is saying there is no IHT to pay. However, do I still need to complete at IHT 402 to transfer her…
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Property survivorship (or not) in Scotland
I'm getting information together to rewrite my will, spouse is also rewriting his will. Last time we looked into rewriting our wills (but didn't go ahead) we were in our old house, which definitely had a survivorship destination. I just looked at the documents for our current house and it looks like it doesn't. 1. Can I…
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Is it fair to leave my house and money only to my granddaughter as my son has fallen out with me.
My son has fallen out with me years ago but his daughter carried on visiting and helps quite a lot. I need to sort my will out and have been delaying it as my dilemma is should I leave my house and money to my granddaughter only or should I give something to my son who doesn’t want to know me.
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Scotland: distribution of estate
I fully appreciate this is, in many ways, a 'how long is a piece of string' question. Although I've acted as Executor and completed probate in other jurisdictions, I'm not familiar with the Scottish system, so my expectations may be all wrong. Confirmation was completed in November 2024, property sale was finalised in…
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IHT405 question - property value
hello all - I've searched the forum but can't find the answer, and can't get through to the helpline. It's box 12 of course. inherited property to be sold once we have probate. Have RICS valuation. No idea what carpets/curtains etc will be worth, obviously to be included. asking price will presumably be a bit more than…
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Direct Payment Scheme for IHT
I am doing some planning and discussing with the potential executor to use Direct Payment Scheme to pay IHT when I pass. Is it too risky to rely wholly on DPS and usually how long for banks to make the payment to HMRC?
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Trust Will or simple Will?
3 years ago, when my husband died, I revised my Will, and was told at the time i NEEDED a Trust Will. It cost over £300! This was put in place, but since then, I have had doubts as to the need for this document in my case, but cannot find a simple plain English explanation about just why it is necessary. I am leaving the…
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Probate/Confirmation in Scotland - DIY for straightforward estate
Hi all, Appreciate any guidance. My dad died last month and this is all new to us. My dad left a will and the estate consists of 50% of my mum and dad's home plus his ISA. My mum will remain at home. I believe there is only one form to complete now - C1 form to Sheriff Court with £270 fee. Once we have confirmation there…
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Halifax and Bereavement
My father recently passed away ,he had an account with Halifax. So rather then sort my dad‘s estate and bank accounts over the phone I thought it be better to go into the bank and do it face-to-face. The lady in the bank Hold me that’s sorting my fathers bank accounts can only be don online or over the phone. so she called…
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Pecuniary legacy interest payments
My father's will left a set amount to my late brother's wife, who lives overseas. We have been trying to pay her the money but she is not returning the necessary papers to my solicitor to confirm identity etc. I have spoken to her, messaged her and emailed her. My solicitor has done the same, but for some reason she…
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IHT 409 help please
Thanks in advance everyone My Dad had 2 work pensions. One of which was a final salary type and I have had confirmation that there are no post benefits due. Children only so nothing left on that one. He had a separate draw down type where there is money left in the pot. He died under the age of 75 sadly and it's a…
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Equini** - dividend cheques issued with unusable payee - warning to others
30 months after my mother passed away, I'm still trying to conclude items. The latest which I've been helping my co-executor with is Equini** whose latest escapade is this... We completed their incomprehensible transfer forms, requesting they pay in any monies due into our probate/joint account. Instead, they issued 8…
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Wills / Financial Planning
Retired UK citizen resident in Spain. Property in both countries. Looking for recommendations on financial planning for updating current Will.
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C1 Confirmation Statement Scotland Value of estate for confirmation Box 15
I am finalising my C1 form but it won't let me type my figure in box 15. Did anyone else have this problem?
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value of share
My partner died and we were contractors working through a company. Not married but lived together. Our company bought a house which was in lieu of a pension and we rent it out. I am the director he was the company sec. We have two shares for the company. The company books still show this house as at the price we paid in…
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Reporting estate income - letter vs SA900/SA903?
My mother died in January 2024, and I and my sister are (amongst others) the beneficiaries and executors of her estate. She left behind a some money and a house which was rented out to help pay for her care home fees. As we did not know how long probate would take (surprisingly quick, as it happened) we renewed the tenancy…
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Intestacy Dilemma
Some advice would be appreciated. England. My only brother W died last month in hospital just before a will was to be signed by him (he was too ill to complete it, hence intestate) in which he names a child he and his wife (d 2014) gave up for adoption due to health and addiction problems. It is a cash only estate. I…
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Who physically pays the IHT following a large loan?
FIL has given a loan of say, £100K to a child to help buy their home. If FIL dies within the 7 years: 1. Does the child have to pay to HMRC IHT of 40K (its now tied up in a home, so how?!?) 2. If not, does the 100K just get "added" to the estate value, so all beneficiaries effectively share the burden of the IHT ? Child…
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IHT418 Trusts
Hi, I hope someone can help, this is very basic, and I am trying to navigate these forms. My parents both set up a 'whole of life' insurance policy in 2001, in trust for the beneficiaries, to mature when they both died, both parents have now both passed. Also they set up 2 'inheritor Trust funds' in 2010. Reading the form…
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Dealing with 2 x deaths, one with a will and one without
This could get confusing so bear with me. On 6th August- my Nan died. Then suddenly we lost my dear dad 3 weeks later. My Nan had made a will leaving my dad and his sister as executors. Dad then passed away meaning his sister would naturally be the one to start dealing with things. We visited the solicitor and she advised…
