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LPA refund
My wife and I are in the process of creating our LPA's and we decided to nominate each other as primaries and a couple of relatives as backups. We checked with all concerned and they were happy to sign. As we were both doing financial and health (total of 4 LPAs) we decided initially to submit just one to ensure we had…
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What to do just in case
My lovely 21yr old son has been diagnosed with an inoperable brain tumour. Next step is a biopsy but we *think* it’s benign but has caused a seizure and we’re waiting for hospital appointments to start in the new year followed by chemotherapy. Obviously a total shock but having had discussions we want to plan for the worst…
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Another gifting question!!
Possibly a strange question, but can a substantial gift from a grandparent to a grandchild be returned within the 7 year gifting window to avoid any IHT implications? Or is it a one way street? The reason I am asking is that my mum is in a position to help my son with the deposit for a new house. The gift would be returned…
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Transfer of property- which forms to complete
Just looking for some guidance- myself and my mother jointly inherited my nans house. We have the grant of probate and the last step is now transferring the property. We have decided to do it ourselves as it seemed a straight forward process and the company who handled probate for us were messing us about. We have an…
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Probate needed for gifted house?
Dad put his house in my name 21 years ago for reasons known to himself. Its not a high value property and with savings his estate will be no more than £60k. He still lived in the house free of rent and I think I read on here that this will have to be declated to probate, even at the low value. I am his only son and…
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TRS registration completed. Concerned about lack of relevant questions.
HelloI have just registered on TRS, as the two years was up at the end of December. Father passed away Dec 23 leaving a IPDI trust allowing my mother to coninue living in their house that they owned as tennants in common. I entered the beneficiaries, Mother, Brother and Myself but the form never asked me what type of…
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My experience of DIY Probate
Hi I thought I'd share my experience of applying for probate online for anybody in any doubt about doing it themselves. If you've a simple probate then I can see no reason why you would pay an expert to do it for you, so give it a go. This is the first probate I've ever been involved in. I had already created the probate…
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Uncashed cheque: binned by mistake
Hello All. As always, I return to this forum when I don't have anywhere else to turn to. Right now, I’m
in an absolute state of complete anxiety. I didn't sleep last night!
I’m totally frozen! Help!!! I was tidying up the folder as it was long
overdue, shredded junk mail and general rubbish, or so I thought.
Then realised…
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Calculating IHT/Probate value on death of remaining spouse. Gifts from surplus income.
Sorry for asking this question as I suspect it has already been answered in previous posts, but I am struggling to find a concise answer. My dad passed away in November, leaving all his estate to my mum. The IHT/Probate calculation was relatively straightforward as the estate fell into the "Excepted" category. However he…
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Will v No Will
Asking on behalf of a friend. What are the major differences between somebody dying with a will v dying without a will in respect of cost and time taken to apply for everything? Assuming the deceased is widowed, no house to sell and has two adult sons who would split the estate equally. I can’t really see a great…
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Power of Attorney not registered before mum died but money still taken - help
Hi I'm at a loss with what to do next, we had just completed my mums power of attorney and paid the fee, when she died unexpectedly. The office of the pubic guardian have refused to refund the two POW payments, which were paid on Friday 28th Nov, even though my mum passed on Friday 5th Dec. Nowhere near enough time for…
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Amending probate value? House damaged during administration period before valuation
Hello, my first post here. I have not needed to post before because I have gained so much useful information from this forum during the two years since my Dad's death. Thank you to all those who have posted the information that has helped me navigate what needed to de done post death and to obtain probate (Letters of…
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Winding up of estate: retaining financial records
I executed my uncle's will almost three years ago. Since a fairly rapid probate, all minor debts and taxes have been long paid and the estate distributed. I have retained a pile of paperwork to do with my uncle's savings and investments plus valuations at the time of his death. How long ought I to wait before shredding…
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Date on WILL. It is a problem?
Just a quick question. Just storing out paperwork, will, getting ducks in a line, etc. Notice the date is a little wrong in terms of the extra 1 in front of the 13 because the pen didn't work first time, didn't think much of it, but now I do. It is worth doing this again, or will it not make a difference?
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Inheritance tax
If a property is worth £500,000 and will be left to 3 siblings would there be any inheritance tax to pay.
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Care Home Fees
My Mum has been in a nursing home for a number of years. The debt now outweighs her assets. Her flat has a charge so is being currently sold. My question is: How much money can be left in my Mum's estate, that the care home or local authority cannot touch? I have been given figures ranging from £23,000, £14,000 and Zero.…
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LPA, joint account, authorised user, or other method to help manage parent's bank account?
Background: My father passed away recently, leaving everything to my mother. I was a named executor on the will and I am sole administrator on the probate certificate. As a result of my father's passing, my mother has inherited a significant amount of cash from various ISA's he held, Premium Bonds, the sale of his car,…
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NS&I Account balances timescales
I've applied for this information, any experiences of how long they take in working days? Do they sometimes request more information ? TIA.
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Distribution to beneficiary
Finally managed to get probate and have collected assets into exec account. Process made very difficult by other executor who is also beneficiary entitled to large cash legacy. I'd like to pay the legacy and want to make sure I protect myself. The exec account doesnt support cheque payment but I can get the branch to do a…
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Calculating inheritance tax in an unusual situation
* A married couple lived for many years in a house that was actually owned by wife's brother. * The brother died and left the house to his sister (the wife in the couple) but she died two years later before the house was actually transferred into her name. * The wife's estate was worth £750,000 and via intestacy she left…
