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Bequests to charities - have we done the right thing?
In our latest wills we included a provision to leave 10% shared between four named large charities on the understanding that this would reduce the overall IHT rate. We're talking of an estate in the low seven figures (if our main plan of spending the lot doesn't work). However I've been disturbed recently by stories of…
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Part Settle a Scottish Estate
Scottish Estate. Hi everyone, I am now at the six months point and have the Grant of Confirmation. I saw a solicitor in February and explained to my brother that he and his wife (they inherit the house) need to go to a solicitor who then liaises with my solicitor to change the title deeds into his and his wife’s name. They…
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Submission of IHT 400 forms
IHT and schedules are finally ready to be sent. There should be no tax to pay. Is it possible to submit these electronically does anybody know ? ISome people saying online that it's quicker to email them but I can't find this anywhere ... thanks very much :-)
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Cash Gifts (IHT400 and IHT403)
A simple question: Two gifts totalling £60,000 were made in May 2022. Please can someone tell me if I should declare £54,000, taking into account the annual gift exemption (backdated by one year)?
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Care home surcharge
Hi Just wondered if anyone has had any success in arguing against the following scenario My mother is in a care home and privately funding (which is running out after 3 years) and this year will pay £15K more than a council funded place is charged out I have been told that her fees are increasing with an extra element to…
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Signing Will remotely
Has anyone experienced any issues with the function that allows witnesses to sign wills remotely (with video call)? Seems like it would be less robust method? Im sure it was a COVID thing but according to the GOV website, as of today its permissible.
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IHT400 - P4 Confusion
I'm checking and re-checking my answers to IHT400 and would be very grateful if someone could confirm I'm overthinking the questions on P4 Items referred to in the will but not included in the estate. In my case, although there is a will, it doesn't contain references to any specific items. Can I safely leave P4 blank? (I…
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Simple Will. What to expect
Following my fathers recent passing my sister and I are left as joint beneficiaries and executers on an estate with a modest house and a few grand in the bank. We will not be liable for inheritance tax. I am aware you can do probate ourselves but we are time poor and keen to move on with life after his long illness. We…
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Proving if an unregistered charity was qualifying
If you give a lump sum whilst alive to a genuine local but unregistered charity , if you died whilst the charity was still operating the donation would I believe qualify to be claimed against inheritance tax ? However if by the time you died , the charity had closed down for whatever reason , would the donation still be…
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Prosperous-Life funeral plan
Last June I received a cold call from Prosperous Life concerning funeral plans. I would normally wriggle out of such calls by telling the caller that I only have a basic bank account and can't do direct debits, partly true as I didn't actually have a current account in my name until a few months ago. However, just 8 weeks…
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Executor having problems with a beneficiary
Hi, I m the executor of a will. I ve completed probate and all the necessary processes. Now I am trying to distribute the funds to the beneficaries. One of the beneficiaries will not supply their bank account details for their share of the funds. They are on alot of DWP benefits and don't want to loose them. What can i do…
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No Will - Advice needed
Hi, I'm looking for some advice, and hoping you may be able to help me. Whilst researching my family tree, I found out that my estranged half sister had died two years ago. There was a notice in the Gazette to contact the solicitors who were dealing with her estate as she had died intestate. So I did. I've since spoken…
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Inheritance Tax IHT436 questions 7 and 8 RNRB percentage issue
Hi My mother-in-law died earlier this year and her husband (my father-in-law) died in 2013. Husband left everything to his wife in his will and his estate was worth more than 500.000 (and no gifts given). I am filling in IHT436 to transfer my father-in-law RNRB to my mother-in-law. My understanding is that the whole of my…
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Life assurance trustees not reaching decision quickly
This discussion was created from comments split from: Life assurance and IHT.
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Executor Query
Hi, My Dad unexpectedly passed away recently and we are devastated. In his will, my mum, brother and myself are listed as executors along with a 4th professional executor. I have been in touch with them and they are insisting that we need a meeting to assess the Will. They want to charge £350 + VAT and 2% of my Dad's final…
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Complicated will - partners with kids
Hi All, my partner and I are going to be making a will soon but want to thrash out some stuff before we go and see a solicitor. But it's complicated - any suggestions? My partner sold her house for 300k and we bought our new home together; we have 11 years left and around 60k left on the mortgage. We needed a mortgage to…
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Inherited house, renovation , selling current home, tax etc.
Would really welcome any thoughts on our situation. Have inherited house with sibling from parents. Probate granted last August. No IHT. Divided up other monies but have not done anything with the house as was overwhelmed at the time and we weren't sure what we wanted to do and the house had lots of stuff to clear. Fog is…
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Unsigned will
Has anyone used a Deed of Variant to cover an unsigned will?
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Co-executor not communicating
Am in the situation where co-executor basically does not communicate. Has never responded to an email directly. Used to reply via WhatsApp but she appears to have blocked that and my phone number. Wont even provide her Date of Birth for IHT400 - and I need her signature on the form. Can I just submit with a note that she…
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IPDI trust and downsizing
My husband will created an Ipdi trust and left his share to his two children. Have registered the trust with HMRC, three of us as trustees. I am allowed to downside if required according to his will but am not sure how to go about it. As am now the sole legal owner, I understand I cannot sell on my own, do I need to…
