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Bank Account Value
What value to use for IHT purposes? Suppose Bob died last December. After much digging, the Exor finds evidence of an unknown bank account, fills in the paperwork, and Bank of Blahshire proclaims the balance to be £12,345. Of course, that form asked for a sort code and account number to move funds to, it's under the £50k…
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Probate solicitor fees
Hello, we are dealing with probate ourselves and have filled in all the forms ourselves. We have gathered all data and would now need some advice from a solicitor at an hourly basis. Would anyone know how much the typical fee would be? We have been quoted 380GBP/hour and find this quite high? If anyone could recommend a…
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Help with Property now above probate value
Hi all, Would welcome some advice please on what should be done next? Following the recent passing of my Dad, I'm looking to sort
out the estate but am having trouble figuring out what thresholds apply etc. Some background first. Mum and Dad were married, owned the family home
and had one child (me). Mum passed away…
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Fixed Price Probate Specialist
Can anyone recommend a fixed price probate specialist? Ideally someone you have used personally? I’ve no idea if they would need to be solicitors or accountants?
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Common Law partners and Wills
Hi All Sorry its a bit long winded I am just about to embark on applying for a grant of probate as one of the executors of a will, but before I bog you all down nearer the time with questions (will really try not to, am reading as many threads to make sure I am doing it right), the whole thing has got me thinking about my…
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Changing Discretionary Trust by DoV
I am planning ahead would like to get your advice on the order of actions. My parents wrote mirror wills in 1996 where they put all the assets into a discretionary trust.They have since got advice that these can be changed by Deed of Variation if necessary.Say for my dad's will, my mum, brother and I are the beneficiaries.…
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Pension credit
Hi All, I just wanted some advice. I’m going through probate for my mum who died in February 2019 and returned any benefits overpayment following a letter in April 2019. I had a letter from DWP this week asking for bank statements from 2008 and 2013 so they can work out if they can reclaim any overpayments and advise not…
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Searching recent death records
Hi all, I wish to search recent death records but online search tools don't seem to include records more recently than the 00s. What are my options? TIA
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Death of beneficiary during probate
Hi all - My father died earlier this year and named my stepmother (the evil kind, obviously) and myself as Executors. Looking at the will, it states that if he dies before his wife all of his property and assets go to her to do with as she wishes. Then, it states that if she was to predecease him, I would get 50% of his…
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Probate & transferring ownership of property
Hi, lost both my parents in a short space of time earlier this year. They owned the house outright and didn't have any debts and didn't own any other property, I have retrieved the money that was left in their accounts and that has been shared out between myself, sisters and brother. Parents wishes were that the house…
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Probate - waiting for estate report to be reviewed?
We reported my mother's estate via the online service in October last year and are still waiting for it to be dealt with. I am unclear whether we need to wait for the estate report to be OKed before we proceed to apply for grant of probate itself.
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Tax advise on specific questions of the IHT 400 form
Hello, my father passed away 5 months ago and left a will and I am now dealing with probate. I have filled all the required forms but would like to have a probate lawyer check the form before submitting to ascertain if there are additional ways to pay less tax than what I have learnt from different blogs, HMRC calls etc.…
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IHT 404 form joint accounts with only one contributor
Hello, I have a question regarding joint accounts that my parents had. My mother and father had a joint account from which they paid all household bills and any expenditures from. However, my mother never contributed to this account as she was a housewife and did not have a salary. I've read that if one of the joint…
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How do HMRC calculate how much IHT needs to be paid before Probate/Grant of Administration issued?
Hi There, As above really - a quick question ask if anyone knows how HMRC will calculate what portion of IHT needs paying before the grant is issued, and what can be paid after. We've just posted all the IHT docs today, for an intestate estate made up of the following: 2x Properties totalling £445,000 Bank Accounts &…
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Probate, intestacy and inheritance tax thresholds
Hi all, Following the recent passing of my mum, I'm looking to sort out the estate but am having trouble figuring out what thresholds apply. Some background first. Mum and dad were married, owned the family home and had two children (me and sister). Dad passed ten years ago without a will. Me and sister acted as executors…
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Gift of land
My mother is insistent on gifting my sister & I a peice of her farmland, 12.5 Acres, she is not well, and we will probably lose her this year, my question is, what if any, are the tax liabilities on the gift from Mother?
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Will advice - unmarried partner and son who lives with ex
Hi I know there have been a few threads about this, but non exactly similar. My situation: In my 40s. I have a child of school going age who lives with his mum. I own my own house in my name alone with 5 years on mortgage left, no life insurance House is only worth about 150k I live with my partner, who moved in 5 years…
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Probate transferring property
Hello my father passed away recently and has left his three children equal shares in his property. It is low value ie below IHT threshold. I am executor. My siblings don’t want the property but I would like to live in it as sole main residence and buy them out. They are happy to do this. Do we need to do deed of variation…
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Deceased P/Exchanged car for one in my name before death - how to add to IHT400
Hi all, In a bit of a quandary here. Am filling in the IHT400 and associated schedules, but just thought, shortly before my father passed away, he wanted to get rid of the almost new car he had bought himself end of last year, as he was too ill too reliably drive any more, and decided a good option was offering it as a…