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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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Prosperous Life administration problems
I had a funeral plan with Prosperous Life,but they have gone into administration I paid over £ 2500,been in touch with Administration who told me I would get a partial refund !!! This surely cannot be right,is anyone else in this situation.
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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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C1 Confirmation please help a newbie
I have been trying to complete C1 confirmation on behalf of my late Mum, I have been assigned as the Executor after my Step Dad resigned as he is blind, grieving and elderly. I have already had one refusal from the courts and am desperate to get it correct before I resubmit. The first was sent by post but I am considering…
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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…
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Obtaining NI number of deceased.
Newby, sorry if i am in the wrong subject line. My question is, Am i able to obtain my late fathers NI number ? I think i need this to track motions of his bank account also to where his state pension was paid into.. I am direct next of kin, and only recently discovered his passing. As i understand there has been no…
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Family will, where did the money go?
UPDATE: I need to update the post as people keep pointing me to the Government probate website. I'm looking for a will if there is one. I have the probate information from Ancestry and the Government Probate site but that only tells me the basic information of date of birth and date of death and how much money was left.…
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Credit Card Debt after Death
A family member died in February with no assets, they did have two large credit card debts that had already been passed over to a debt collection firm and they had been making small repayments monthly. I have informed both companies that they have died and that the estate is insolvent and there are not even any assets to…
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Executor without executor account. Problems?
I’m sorry if this is the wrong board, I wasn’t sure where my query belonged. Myself and my daughter are executors for my mother. We did not have an executor account but I opened a ‘space’ in my Chase account so that anything to do with my mother’s affairs went through there. This has worked very well. I now wonder if we…
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Money gifting probate and wills
My dad passed in February and didn’t update his will, we brought a house together, he gifted me the money for his part of the house, it would have been 6 years in August. He did live at the house and contributed towards the bills etc. the amount of money was £240000 which is about 40% of the property ownership I want to…
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Probate/inheritance tax
Possibly been answered elsewhere...but I'm not good at navigating this site. So....a relative has died leaving about 400k in cash and shares, they also have a property. Obviously anything over 325k is subject to IHT. However we don't know when or if we want to sell the property. How will that work regarding IHT if the…
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POA - Wording in case of e.g. an attorney being too ill to act
When providing an instruction in case of an attorney being unable to act, do I need to list the attorneys names e.g. the instruction in Section 7 of the POA for financial affairs, is it sufficient to have "IF ONE OF MY ORIGINAL ATTORNEYS IS UNABLE OR UNWILLING TO ACT, I THEN RE-APPOINT MY REMAINING ORIGINAL ATTORNEYS TO…
