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Death of close relative - how do I order/request death certificates?
Hi, So, sadly there's been the passing of a close relative, and I'm being tasked with the job of sorting things out financially, even though I'm not quite sure about some things. It seems to close bank accounts and the like, I have to have death certificates to prove the person has passed on, and perhaps also something…
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IHT - Best way to avoid
Good evening. My widowed mother is soon to sell her substantial property. She has assets and savings totaling around £850k-£900k including the house. As a family (Mother and 2 sons) we want to know the best way to avoid inheritance tax of the remaining cash, assuming my mum buys another house in her name for around…
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IHT for surviving spouse
I'm trying to understand what IHT liability my mother's estate will have when she passes. My father passed in 2009, leaving 100% of his estate to my mother. My mother still lives in the family home (value about £550k) and currently has total assets of approx £1.5 million including house. So I believe the combined nil-rate…
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Verifying lifetime gifts during the administration of an estate
I am co-executor of an estate for which a solicitor is carrying
out the administration. A number of large financial gifts were made during the
deceased’s lifetime (and during the IHT taper period), with the transfers of
funds carried out by the other co-executor who had financial Power of Attorney.
My question is where…
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Can we use mums money to pay for her funeral / memorial?
Hi all, my mum has around £13k in the bank - I’m going through the process at the moment to close accounts and get it transferred to a new account I’ve set up for this purpose. Once that is done are we able to just use that money to pay for the funeral, wake and memorial costs? Obviously I’d keep records of what is paid…
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Small estate, solicitors named executors
Hi, sadly my dad recently died, we're still awaiting his death cert from coroner. We found his will in his documents, which names me and my brother as beneficiaries, but also names the drafting solicitors as executors. His estate is small and consists of around £7k in a bank, (they say they don't require probate). He also…
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Expiry of debts and Pension Sharing Order
Expiry of debts There is an outstanding charge from 2004 against the property my late mum
co-owned, a charge by a bank for 2 loans which date back to the late 90s
early 00s. As I need to sell the property, I am looking to discharge this
charge against the property. As the debt is now well over 12 years old, am I
liable to…
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Inheritance Tax - PETs
Hello, Friends of mine (a married couple in their 70s, never married before) have come into some money as an inheritance and would like to gift some to their two grown-up children, £100k to each child. The total value of their estate currently is something like £900k in their house, and £500k in savings. Are we correct in…
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Preparing for Probate
Our financial adviser suggested we consider setting up a discretionary trust to put our house into to firstly,remove it from probate charges and secondly,to make probate a lot easier and quicker to sort out. We called in an "estate manager" lawyer to revise some details on our wills and,at he same time,set up the trust.…
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Probate Deed of variation lost £14,000
Hi my solicitor adviced that I should do a Deed of variation to save £5000 inheritance tax due. They did not tell me that this would increase my capital gains tax by £14,000 and I would be at a financial loss. The deed of variation changed the market value by 50k (50k x 28 = £14,000) They did not tell me any information…
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Do i have legal rights
Keeping this brief I was made the executor of my parent will of testament. It is wrote to be devided at equal shares between myself and siblings. I have asked my siblings to accept a proposal at a lower offer of the net worth to buy them out of the will of testament. One sibiling does not want to accept and wants the equal…
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After probate ….
I have received an email saying that probate has been approved and that the grant is in the post. What do I do now? 2 beneficiaries sharing the residue. I need to send the grant to one company to get the funds and pay the debts. Then disperse the contents of the will. 1 beneficiary inheriting the share of the house in the…
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how come im liable for major works bill
my lovely mum died 2020 and was in receipt of PC When she died all works had been completed with major works completed for fire safety works indeed zero charge was raised to confirm this and completion of works . Yet six months Since property has now passed to myself and my two sibling council freeholders are saying we…
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Lease extension on probate property
Hi, my partner's parents have passed away and when dealing with their estate, he found that the lease on their property is less than 45 years. In order to sell he will have to extend the lease. He will share the proceeds with 3 siblings, none of whom have the funds to extend the lease (it is likely to cost six figures). We…
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Will Reading - 6 months on
Hello - hoping to receive a bit of advice about a sensitive subject My father passed away unexpectedly 6 months ago today (this anniversary is the reason why this question is fresh in the mind today) My mother passed away 27 years ago and my father remained single until about 8 years ago when he remarried. My Stepmother…
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Passing responsibility of home clearance onto a friend instead of a family member
Hello forum members. I would like to ask some advice. many thanks for any help in advance for any advice given. After my Mother's recent passing and my sister's abusive response to me and my mum leading up to her passing, I've decided that if anything should happen to me, I would prefer to pass any responsibility of home…
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Old CCJ debts and how they are dealt with after death
The husband of a friend died suddenly and has left substantial assets to his wife. 12 years ago during the recession he was given a CCJ for a £10,000 loan that he defaulted on after his business failed and ended up in court. The original creditor did not chase the CCJ,he subsequently rebuilt his life and finances, the debt…
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Probate
HiMy father passed away 7 years ago. I have paid the council tax, electric and water rates for the 7 years on the property, and expended money maintaining the gardens. How do I reclaim this from the estate when administered ?Thanks for any advice.
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Estate Records
I'm hope someone can advise on this. How long/number of years should I keep Estate Records (correspondents, bank statements etc) from when the Estate has been wound up. Many Thanks
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Probate delays - Nov/Dec21
Hi, has anyone got any recent experience on how long applications are taking that were submitted by a solicitor. Ours was submitted on 19/11 but has a house sale relying on it so getting a bit nervous. Thanks