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Wondering about legal action for advice to my parents on putting their house into a trust
Hi everyone,I have discussed this in other threads, but my parents were badly advised by their financial adviser and a lawyer to put their home - principle asset - into a lifetime trust. They signed over their shares in the family home to the Trust, and appointed 4 trustees. The trustees were myself and my sister, and…
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Discretionary Trust & Probate
Apologies in advance, this is quite long and complicated (for me anyway). Our mother died in December 2024 leaving a will which left her entire estate (property, money & possessions) in trust, with my brother and I being trustees and we are now executors. At the time my father was still alive and he was allowed to remain…
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Tax on rental income received during administration period
Hello. My mother died last year with my sibling and I being joint executors and sole and equal residual beneficiaries. The total value of the estate is around £750k with no IHT to pay due to taking the NRB and RNRB of our father who died 2 years earlier. Based in England. We’ve recently received the grant of probate so can…
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Deed of Variation signature
I live in the US and have to sign a Deed of Variation regarding the estate of my late parents. Will HMRC accept a digital signature so I can send the document electronically or does it have to be the original document? TIA
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Mandatory Disregard
My mother is permanent resident in care home aged 98 i live in property she owns and have done for 10 years I am her daughter and over 60 so mandatory disregard of property as part her assets When she passes away will I have to sell house and payback all fees she had paid for her by council while alive? Not clear in all I…
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Selling bereaved persons car
Hi - I wonder whether somebody would be able to provide a bit of helpful advice! My Father-in-Law recently passed away and I am executor of the will, so I'm currently in the process of dealing with all the admin that goes with that. Mother-in-Law is still with us, but not capable of such things, so I'm currently drowning…
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Update on Estate administration
Further to several discussions, not much on the way of progress, caveats remain in place but now one of my nephews is now claiming the house as his main residence. My brother, my potential joint administrator, has told his solicitor that his son moved in months before my mum's death and all the utilitieshave been…
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Executor - Sale of Shares on the Stock Market
I am Executor of my late father’s Will & Estate. I received the Grant of Probate last week. The Shares which are all ISA wrapped he had dropped 14.64% in the last week following Trumps Tariffs so I think it is not the right time to get these sold and I should wait to see if the market picks up taking my duty seriously to…
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Cash gifts on estate worth less than £130,000
Sorry, this is a long one but hopefully gives all the relevant information for my question. I’m looking for some advice please regarding the reporting of all cash gifts made within last 7 years when applying for probate on an estate that will not attract IHT. I’m the executor of a family members Will. The family member was…
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Multi-jurisdiction inheritance question
Mr X is a citizen of one EU country but has been living in another for many decades. He owns property in his birth country and also in the UK. Similarly he has other financial assets in all three countries. He has two children who will inherit his estate in equal shares when the time comes. Questions: 1. Under the legal…
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Tiny percentage of estates paying IHT utilised gifts out of surplus income exemption
Article below not especially surprising. Conceptually the exemption is complex and far from intuitive as the many posts on the various MSE forums attest. https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/little-known-way-cut-your-inheritance-tax-bill-one-50-use-3677859 Whether future IHT on pension pots…
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Help - Monies given before death for an annex that wasn’t built
Hi everyone, I’d be grateful for your assistance. A reasonably large sum of money was given from my father to a family member to build an annex for my father to live in as he was getting older. Unfortunately my father died before plans were finalised or planning permission was even applied for. In a “letter of wishes” my…
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IHT400 - where to enter money left to grandchildren
I'm going through the probate for my mother, who sadly passed away recently. In her will, she left an equal sum of money to each of her grandchildren (all of whom are over 18), as well as all of her jewellery to her granddaughter. I may be missing something obvious, but I can't find where to enter these details on IHT400 -…
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Advice on Estate Planning
I hope this is the correct forum for this thread... My wife and I (both in good health and in our 60s) have 3 children each from previous marriages. We are retired and live off small pensions and savings. All children are adults and financially self supporting. Our home is mortgage free and valued around £300k in in my…
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Change to Will, possible Deprivation of assets or other implications
Current situation is that my MiL is housebound and has council-funded 4 times per day care visits. She has only a small amount of money herself and a tiny pension. She jointly owns the house with her husband (my FiL). Due to his deteriorating health, they are both going to move into a care home in the next few weeks. My…
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IHT400.
help please page 8 what counts as Entertainment ie is that tv licence broadband Netflix dose it include going out ie seaside or thiam park
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Debt to the estate
A family member died and going through the papers looking for a will (none found ) we discovered a lot of money had been lent to a friend, small amounts over many years. No formal agreement found but recorded by the deceased as loans in notes on a writing pad and on pc. Small amounts had been repaid but a lot still…
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UK citizen with non UK wife..... Will advice problems
I have spoken with 5 different Solicitors about my new will and have 4 different opinions !!! im 70 years old UK citizen my wife of 29 years is not a UK national ,or UK domiciled , she has property overseas , our daughter is a UK national .. My UK estate is probably in the region of £650,000 including a £450,000 family…
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Can a deed of variation be partial?
As title really, can deed of variation change A as beneficiary to A as beneficiary except for property which goes to B. or is it all or nothing?
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Please some clarification!
Hi all. My mum died over 12 years ago leaving my dad in the family home which is mortgage free. He did a transfer of equity between myself and my sister 10 years so all three of us are on the deeds and continued living there alone but not paying market rent ever since. He was adamant that it be done that way. He’s declined…
