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Inherited flat rented out by my sister
Mum lived rent free in my sisters flat whilst mums flat was rented out. Mums flat was much bigger so it was beneficial for my sister to swap flats and rent out the more expensive flat. Now my mum has passed and my sister and I have inherited her flat. The way I see it - the rental income should be shared from the moment of…
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Mirror wills
We created mirror wills 7 yrs ago. Late husband will created an IPDI for me giving me life interest and leaving his 50% share in a trust for the children and my will is the same. Now he has passed away four months ago. I am thinking of having a new will. How will my new will affect the mirror wills and the IPDI. Will it be…
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Estate Administration Costs
Hi I need your advice on a couple of queries please.Thank you in advance. As background it is linked to : https://forums.moneysavingexpert.com/discussion/6477211/threats-from-late-administrators-family#latest 1. Back in 2004 I wrote to the late administrator via a solicitor letters asking to progress the administration of…
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Whole life plan and funeral plan
Just wanting confirmation on a zurich whole life plan, payable to children (adults) upon parents recent death. I have been told this does not form part of the Estate? £19000 worth Also a funeral plan taken out, this will be used to pay for the funeral but thinking excess would add to estate figure. £6000 total Thank you…
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Solicitor charging a fixed fee to act as executor. What does this normally cover ?
My Auntie passed away on Boxing Day leaving her estate to my brother, sister and me in her will as she had no other relatives . Her solicitor was named as Executor on the will . We had to put her in a nursing home before she passed away , I was in control of all her finances and was in the process on making things simple…
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Setting up trust upon death and decisions
My Father passed away in December 2023, everything passed to my Mother which has been straightforward and all sorted. However, my Father was director of a private company limited by shares and owned c30% of the shares in the business. We had the shares valued as part of the probate process at c£200k, noting that the shares…
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Debt interest after death
I'm the executor of the will of a friend. When she was alive she took out a mortgage for living expenses against her house, which I'm selling now.The mortgage company is continuing to charge interest on the mortgage until it's paid off. I intend to do this from the proceeds of the sale of the house. I have been advised…
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gifts out of income
me and my husband each what to gift are daughter some money we can gift out of are income but if my husband gives me money dose this make it none income what to be able to each give money so if they is any come back from hrmc we can each clam the 3000 pound gift allowance if we don't qualifies for gift out of income
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HMRC Probate demanding IHT400 form
My mum died last November, I am in the process of sorting out her finances. I calculated the total value of her estate, and it is under £500k threshold (inluding the residence nil rate band because a house is being passed on). I submitted this all to HMRCE Probate, and thought that would be the end of that, but they are…
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C1 Scotland Inventory
I have done a Scottish C1 Confirmation submission but I'm encountering hurdles getting the format of the C1's inventory accurate and theres nothing online with which to compare. The Sheriff is knocking it back due to 'formatting' issues and HRMC, when questioned (given it's their form), tell me they can't help and I need…
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Tackling Probate in Small Bites (First Hurdle)
I've been perusing IHT400 and the schedules I need to use to accompany it, and at first glance it seems fairly straightforward. Time will tell. With regard to gifts, I am right in thinking I can deduct £3000 per annum gift allowance before entering the figure on the form? In this case, a gift of £60k made in May 2022 can…
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Will Deed of Variation or making an Inheritance Act claim
Hi In my father’s will he left equal shares to myself and my siblings, but he suddenly remarried a couple of years ago and never updated his will. Therefore he died intestate and we inherit as per the Intestacy Rules. During his final days he asked his wife to divide the estate in a particular way, so that we receive more…
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Error on granted probate
I am the executor and beneficiary after my mother’s passing in April 2024, I applied for probate and was granted this in the 19th May 2024; the only assets are the property under the IHT threshold. When the probate was received, I filled away as I was renovating the home; I got the documents out earlier this month, and…
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How is IHT bill calculated when an estate includes right to reside property?
My mother died last month and as executor to her will I am currently valuing her estate and trying to work out her
IHT liability. Her total estate includes her free estate which includes a
house (house 1) which she has left to direct descendants. There is another house (house 2) which belonged to her second husband where…
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young grandchildren and contentious probate
Hi, our daughter died in 2023,
she was not in a relationship but left two young children by different fathers.
We need a letter of administration to sort out her affairs and to ensure the estate
is divided equally into trust funds for the children. After eighteen months of little
to no communication from the probate…
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Final Rent Bill for Deceased Tenant – How Long Should I Wait?
My mother passed away in December, and I’m handling her estate. She lived in a council flat, which I emptied, cleaned, and returned the keys for in mid-January. I was told a final rent bill would be issued since her housing benefit stopped the day she died and there might be additional charges for cleaning etc. Despite…
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More info from probate office
Applied for probate and got an email asking for more info. The will pages are single and they want confirmation, that no pages have been removed or added after execution. The pages are numbered, so why? They want confirmation from who drafted the will or any witnesses. Is this unusual if the will is going to be rejected,…
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Over a year and still getting nowhere with probate - possible caveat placed?
My father died last year and over a year on probate has still not been granted. My brother stated he was unhappy with the distribution of the will, we both got the same distribution but its not enough for him. I am the executor and I believe has has entered a caveat on the will but I have not been informed of this,…
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Plain English guidance on probate next steps
We lost our dear mother (M-I-L) on NYD. I think we may end up paying the Co-op a couple of thousand to deal with probate but the more I read the more I think it can be done DIY for a few hundred. We have faced the difficult part of unravelling her financial affairs. Our father is self sufficient and more than comfortable…
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How is a trust handled in probate application?
My late friend's widow is considering completing a probate application herself, but is first assessing how straightforward this would be. A question arises on how to deal with the property valuation and how this is reported. A will trust is created upon the death of either partner and the trustees and beneficiaries are…
