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Deed of variation and inheritance tax
Time limit for a deed of variation is 2 years, but time limit for IHT is 6 months. What happens if you make a deed of variation to benefit charity after you've paid the IHT? You have then paid too much IHT but can you get it back?
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Probate application Documents
I completed the application online. The instructions were to post the original will (& coversheet) - nothing else. I looked on "What happens next" which states the death certificate will be returned. I am confused as the death certificate was not requested. I tried to get through to the enquiries line (35mins) but my phone…
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Think it's going to get messy
Hi, After some general advice, accept we are going to have to engage a Solicitor to finally sort it, but the more information we can gather first will help understanding and hopefully the bill! Situation is that my Daughters father in law passed away and she is helping his wife with sorting out the finances etc, in doing…
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Impact of inheriting 2/3 of a property
I have inherited 2/3 of my father’s property. I currently have a family home jointly owned with my partner. We are planning to move house. Will I be affected by the second home stamp duty?
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Father’s Will & Step Mother
I am an executor of my father’s will. He had 25% ownership in the property he shared with my step mother. In his will he states his 25% should be left to his 3 daughters on the death of my step mother. In the meantime she has sold the house and gone into a residential home. This 25% has supposedly been put into a separate…
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Writing a will in Scotland
So needing to get a will in place - Is there an inexpensive way of putting one together without spending a fortune - it would be simple if i die my hubby gets it all if he dies i get it all and when we have both die the kids get it split between them 50/50 eldest child executor after one of us dies. Also any advice on…
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Insurance
Wonder if someone can offer some advice. Grandfather owned a flat in a retirement complex but died last October. It is a leasehold flat and is empty. We have accepted an offer and the sale will hopefully complete later in the year. The contents insurance is expiring. The flat is empty. My question is, do we need to arrange…
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Gift with reservation
How is this decided. I am doing some planning. Mum is well :) 7 years ago she had to sell her flat £400k which I shared, becuase she was becoming housebound due to increased infirmairty. 32 steps for an 83 year old. During this time I was caring for her as well as working. She gave me the proceeds so I could buy, for us, a…
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IHT/NRB/RNRB/unused. Any help much appreciated.
Good afternoon I'm just getting my head around IHT/probate. Would someone be able to help me with my figures please? Mother sadly died recently. House value £550k Bank accounts, ISA's NSI savings total £186k. Everything being left to myself and sister. NRB: £325k RNRB: £175k Amount liable for IHT: £236K? But... Father died…
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DWP debt recovery
What happens to dwp debt recovery in the event of the persons death?
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Personal content rights
Hello! After some
general advice please? The whole situation has been long winded and an absolute
nightmare to deal with so I will give the shorter version… Following the
loss of a family member in 2022, 3 family members have recently obtained ownership
of a property left in a will. The property was originally left in a…
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Executors’ Information - where to hide it so it can be found when needed?
My question is - how do our executors find all the necessary information if my wife and I both ’go’ together? How do we leave a digital tea caddy on the mantelpiece - with some degree of security? On the day of my reclusive uncle’s funeral, my Dad was asked if it was he who was paying for the teas, pints and ham sandwiches…
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Sale of property - IHT/CGT
I am Executor and beneficiary for my late father’s estate. He died
in 2020 and probate was applied for, and a small amount of IHT paid at the time
as this was over the threshold of £325,000. The house was held as
tenants in common with his wife (2nd marriage). Dad left his half share of the property to myself
and my…
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Solicitor asking for £55k back after probate as they made a tax error !
I live in the UK, my sister lives in Republic of Ireland and this is where my dad lived who passed 4 years ago. sister and I not amicable, solicitor resolved probate 6 months ago when dads house sold and used an accountant to finalise inheritance tax etc. 3 weeks ago my sister messages ( we haven’t spoken for years) and…
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Can executors use their discretion in execution of a will.
Ok, so query is this. My MIL left sums of money to her grandchildren and great-grand children. The grand child is a single mum who struggles with organisation and money - I know we can't do anything about the money that has been left to her but to give it to her, but I'm concerned the money for her child ( the great grand…
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PoA on death - what I've learned
Dealing with my late mother's estate as executor I discovered a couple of things I wasn't aware of before in respect of the PoA's that I held to act on her behalf. First, the government's 'Tell Us Once' service does not include the Office of the Public Guardian - you have to notify them separately. Secondly, when you do…
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What do I need to do to enable my executors to use my late husband's NRB when I die?
I am just tying up the ends of my late husband's estate. He died in 2023 and his estate was below the IHT threshold. I am particularly concerned as by the time we had sold all his collectibles, the figures used for Probate are no longer accurate, as we did not fully understand the value of his collectibles at that time. I…
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What to do when someone dies - new guide feedback
Hi all, We've written a new What to do when someone dies checklist to help those who are dealing with the death of a loved one, and it'd be great to get your feedback on the guide to help others through such a difficult time. Please do share your experiences below, as well any tips to help others, or issues you've spotted.…
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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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Can a Power of Attorney assume the role of Executor of Will for elderly relative?
My very elderly mother has discovered she is Executor of her deceased brothers Will. She is almost 90 and will not be able to cope with this. I have Power of Attorney for her so can I help her and take over her duties? If so is there something I must do to make this legal?