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Credit Card Collection Agency after death
Hi all. My mother in law died last week, so my wife has been going through her paperwork and informing all companies etc of her death, sending death certificates, closing accounts etc. She was not married, rented a council property, had finance outstanding on her car so she did not own it yet, and had about £1,700 left in…
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Inheritance Tax - use of corrective form C4
Good morning forum members.I submitted my IHT400 some time ago and paid the tax due on an inheritance. Several accounts held were in foreign currencies and I calculated the sterling values using the exchange rates at the time of death, as instructed. Since then, exchange rates have changed quite dramatically for some of…
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Executors' insurance
Paranoia or sensible?? Anyone ever done this? Cost? Thanks All
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Administering gifts in mothers will
My mother died in 2019 prior to her death she stated she was going to leave £1000 to each of her grandchildren. I have not seen a copy of the will, at the time of her death my father stated that this money would be paid on his death as all her estate went to him. My sister has questioned this with him recently as she…
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House Sale - Deed of Appreciation
I am looking for some help with the following please? I put this in the housing forum but did not get a reply. I am in the process of selling a Probate property and have accepted an offer. I am arranging a Deed of Appropriation that needs to be signed and dated before the house is sold. This would be mean that the asset…
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Misappropriation
Hi There’s no cash listed on the executor account. Our Uncle had large sums of cash in his home and there was at least £35k I knew of and that he showed me prior to him passing away. His step son is executor. Estate (Scotland) to be split equal 7 ways. All including executor are residual beneficiaries. Executor cleared…
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No Will. Children. Money. Who administers
Am trying to persuade son to make a Will... Son is 40, children 8 and 10. His partner (not married) of 10 years has left and returned abroad. If son dies, his assets go to his children (as no will). But they cannot 'look after' the monies can they, so who does?? until they are ? 18/21. Son has both parents here + brothers.…
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Probate & IHT order of process where no IHT payable
Sadly,
my elderly mother passed away a few weeks ago. I am the executor & now
ready to apply for probate. I initially envisaged this would be fairly
straightforward, especially as I did not believe her estate would be liable to inheritance
tax. This was because she was a widow & I was aware she would also be
entitled to…
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Will we need probate or not?
Hi all, ok so my brother died recently. He was single all his life with no dependants, there was no property, nothing overseas, no joint account holders or jointly owned assets of any kind. he had no business interests. He had various bank accounts, all in credit, various credit cards, mostly with very little on them, one…
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property jointly owned with ex
Hi, question on behalf of my sisters (adult) children. My sister passed away in 2020 quite young, leaving 4 children, the youngest 17. She was on a mortgage on a property with her youngest sons father, which he has been renting out for a number of years since their break up, he has been keeping all the rent. My question…
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No More, What If....
First off, My apologies to forum admin for starting a new thread. Just seems like more sense given that we will now be discussing facts rather than guesses.... I am the sole executor of a will. I am his grandsons father..... The grand parents divorced 10 years ago but both still lived in the property ( tenants in…
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Life Interest Trust
Hi I want to find out if it is beneficial to have a Life Interest Will? I have a will already set up. However on reading it is quite complex. My children are still young at school and i am 20 years from retirement.
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Will I have to "buy" our car from my 3 year old after the death of my partner?
Hi, My partner passed away a few months ago and we own a car that was in his name. I transferred ownership of the car into my name not long after he passed away. After doing the inheritance tax return I've realised that the car forms part of his estate and therefore as we weren't married and he didn't have a will, it…
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inheritance tax
hi i'm slightly confused re inheritance tax. my mother recently passed away and I am in the process of preparing to apply for probate. my mother leaves a house valued around 400k with debts attached at around 60k leaving the estate value @ 340k which i understand is 15k over the 325k threshold. I've read that should the…
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Executors and Trustees
With the population living longer these days and the possibility of dementure and other illnesses that would prevent executors and trustees from fulfilling their obligations where appointed, would it not be prudent to incorporate suitable wording that would automatically exclude them from 'office' should such illness…
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Mothers Codicil
My mother has recently changed her solicitor. She has a codicil with her will which the new solicitor is questioning. The codicil reads: Codicil to the Last Will and Testament of name. I name, address being of sound mind, declare that this Codicil to the Last Will and Testament of name is effective on this date and shall…
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Who is in the wrong - me or my brother?
The background: Our dad died fairly unexpectedly in December, with no will. He was terrified of death and dying and was too superstitious to make a will. My brother and dad lived together with an elderly lady for the past 19/20 years, who is like our surrogate nan and was like my dad's surrogate mum. I live round the…
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Will won’t be released unless 4 executors agree - brother uncooperative
My parents made a will back in 2002 and i have a letter from the company to say to contact them in event of death. Mum passed 3 years ago and Dad passed away in December. My brother took control of Dads finances back when Mum died and he won’t cooperate on releasing the will. Is there a way to force the will company to…
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Reseal probate
Hi all, I’m hoping someone may have experience of this or at least
be able to point me in the right direction. My father passed away about a year
ago and we’ve recently identified that he held some shares in the Commonwealth
Bank of Australia. My mother has probate and contacted the company that holds
the share…
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Creating official copies of my mother's will
My mother died recently, and I found the original will at her house. It use to be kept with her solicitor, however the solicitor stopped keeping wills in their possession, and she never gave it to anothr solicitor or registered the will. I also have some photocopies (one photocopy was already in my possession). Is it…