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Joint Tenants to Tenants in Common - still the done thing?
There are a few posts on here about older parents switching their property from Joint Tenants to Tenants in Common to ensure that at least half the value is protected from (potential) care home fees and can instead be left to offspring. How common is this practice? Do most older homeowners with children eventually make…
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When can I start clearing my mother's house?
My mother died this week and I am heading back to the UK today to manage everything. I am the only child, executor and sole beneficiary (according to the latest will I have). Currently I have not received a death certificate, planned the funeral etc. I just found out last night when the police informed me. According to the…
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Where to store titles to house
I have found documents and titles etc going back to when the house was first built in 1936 in a fire box at my late mother's house. Until sale the house will be empty. I could leave the documents here, take them to Germany (where I live), or perhaps I could take them to a bank for storage. I don't know how important they…
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Deed of variation
Some years ago my father gave me some money towards a house. He has now passed away and I am going through the probate process with everything being left to my mother It is just over five years since he gave me the gift before he passed away My solicitor said if I wanted to put the CGT allowance back into the nill rate pot…
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Avoiding a Potentially Exempt Transfer
Can I avoid a Potentially Exempt Transfer by gifting some money to my spouse and then she makes the PET that would fall within the allowance whereas if I made the gift the accumulated total would exceed the allowance? Any thoughts please.
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Possible challenges to intestacy rules
My father-in-law recently passed away but the DIY Will he left, for his estate to be divided equally between his 3 sons and a long-standing companion, was deemed to be invalid as the Will was only witnessed by one other person. His sons have been advised that the estate would be settled under intestacy rules, i.e., divided…
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Removing deceased from Land Registry
Hello, My Grandparents jointly own a house and my Grandfather has died. I have been told a DJP form needs completing to move the ownership to her sole name. I have the form and death certificate but am unclear if I can fill the form out or if it has to be my Grandmother. Any advice much appreciated.
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Trust In Will
We're in the process of applying for probate for my father. My mother died in 1996. We've since found her will where it specified that her nil tax allowance should be put into trust for myself, my sister and any future grandchildren. It appears the trust was never set up and the whole estate just transferred to my father.…
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Probate
Probate granted July 21, solicitor now in receipt of cheque from Jan 5th to finalise probate, straight forward no other beneficiaries or debts outstanding, but still no cheque received, solicitor not returning calls to update on case or even get a meeting, could really do with advise on what to don next
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During and after probate granted.
I have been reading all the posts on this board since last year when Mum went into a care home,but sadly passed away in September.Having dealt with the financial assessment forms back then,I felt able to do the probate myself,which I sent off 2 weeks ago. I have 2 sisters and Mum's bungalow once sold,and the small amount…
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Pension lump sum payout - Estate query
Can someone offer me advice please? Husband died in last year, without making a will so I know I have to apply for Letters of Administration. However because he was only 54, his pension pot will be paid out as a lump sum. Do I include this as his assets when complete the inheritance tax forms and applying for the Letters…
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Probate fees rise 76% for bereaved families after Government introduces £273 flat fee
Bereaved families now face a sharp rise of up to 76% in probate fees after the Government scrapped the existing two-tier method of applying for probate. Read the full story: Probate fees rise 76% for bereaved families after Government introduces £273 flat fee If you haven’t already, join the forum to reply.
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Finding a solicitor to write (not-mirror) wills
Hello, everyone. I am hoping for advice about choosing a lawyer to write new wills for my partner and I, in anticipation of marrying in 2022. We are resident in England & Wales, with a mix of UK and overseas income and assets. Our children are all from previous relationships, a mix of adults living overseas and minors…
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Estimating IHT
My mum died recently leaving no will but a house and some savings. My question is on how much to estimate to HMRC on the value of the house. If I provide an estimate of £400k then 40% is payable on £75k = £30k. Then if the house sells for £500k a further 28% is payable on the £100k gain due to CGT. Is this right? So in…
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Widowed Mother, only Child (adult) , modest estate , forward planning, joint account ?
Hi, My elderly mother has been diagnosed with a terminal illness and we are looking to prepare ahead of the event. We've been advised that life expectancy is measured in months rather than years. I am the only child, and there is currently no will. We are very close. My mam has liquid assets (savings, premium bonds, small…
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Are old life insurance policies usually worth much?
Hi, So I've been going through my dad's stuff and found a couple of references to old insurance policies in a letter. One from the 1950s, another from the 1970s. As the letters referring to them are from 1999, I get the impression they must have been fully paid, and are still valid. I've phoned the insurance company up and…
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Beneficiary attend solicitors appointment?
Hello, So I’ve started a new thread as my old one was a while ago, but the situation with my fathers will is still rumbling on! As a reminder, My stepmom (the sole executor) and myself (the sole beneficiary in terms of his residual estate), don’t agree on the wording of the will at all. So my stepmom told me in December…
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Power of Attorney - nightmare process? Costly?
I acquired POA in respect of my father some ten years ago but have forgotten the process and of course things may have changed. My other half and I now wish to get POA for both finance and health in respect of each other. Ideally I'd want a solicitor to take the work out of my hands but have been quoted a truly sky-high…
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Is a power reserved executor still a Trustee ?
Hi, my father died last year and his Will said: "I appoint "my brother" & "me" to be my Executors and Trustees. The expression "my Trustees" means my personal representatives and the Trustees of this will and of any Trust that might arise under it" There are no other Trusts mentioned in the will or under it. It's a very…
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CGT on sale of property
I have applied for probate today, with a net valuation of the estate coming out at £150K under the £625K available threshold so IHT is extremely unlikely to become an issue. The deceased's residence was valued at £300K for probate purposes. It probably won't be sold until spring 2022 so there is the possibility of sale…