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Executor with reserved rights issues... liability!
Seeking some help on my liability for bills arising from settling an estate. My mother passed away 18 months ago and had a married couples mirror will with her second husband. MH (wont call him step "dad".... !! ) . The wills passed their whole estate to the surviving partner. The exception being that 50% of the marital…
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Help ‘executing’ a Will - Property in Trust
Thanks in advance and apologies if this is covered elsewhere - I have tried searching. My grandfather passed last year survived by my grandmother and his Will instructs that his share of the property go to his Trustees to hold UPON TRUST for sale but that my grandmother may continue to live there as long as she wishes.…
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Query about inventory when council property had to be vacated in Scotland
Hi, Hoping someone can help. I am having problems with the section of the C1 regarding inventory of moveable estate. I live in London, my mother was in Aberdeen in Scotland. I know I do not need to pay inheritance tax as mum was well below the threshold. When she passed away, she was living in a council bungalow, due to…
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How do I find a beneficary?
A beneficiary in my relatives will needs to be found. I have an address, but no door number. I also have a full name. How can I get in touch with this person?
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Online probate application - estate valuation & query re transferable nil rate band
Hello all. My mother has passed away and I am dealing with probate application on behalf of my brother and sister (who were also named as Executors but are leaving it up to me). I have two queries - probably rather naive but here we are... 1. The online form looks very simple. My mother sold her house when she went into…
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Assent and forms required
Hi I am in the process of applying for probate as my father passed away and I am named in his will as the beneficiary of the house. I used to live with my father and intend to therefore still stay in the house and not sell it on. I wanted to know then what I would need in order to put the house in my name? A quick look…
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Buying a properrty going through probate
I am downsizing & have got an agreement to buy a property privately, currently going through probate. Solicitors details were exchanged last Friday. Probate applied for end of January, further info sent in end of April. Executors solicitor is dealing with the probate. I am trying to decide when to put my property on the…
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Buying out an Interest in Possession Trust
Could I please have some advice re the following scenario. A house is owned by husband and wife as tenants in common. The wife dies leaving her half of the house to the husband in an Interest in Possession trust. On the death of the husband the house will pass via the trust to a single beneficiary. The husband wishes to…
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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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Utility bills after death of tenants in common
My parents have died but my brother owned a percentage of their home. While we wait for probate and then future selling of their house takes place should all bills come out of their estate or just the share that my parents owned?
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Executor changed will without consent of other executor
MrsT is co executor of her sisters will. The other executor is one of the deceased sisters children. The will provides a fixed sum from the estate to be paid to each of the 3 children with any balance to be given to charity. The will does state that if one of the children falls into hardship then a further distribution…
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Looking at buying a fire/water proof box for my will etc,any recommendations?
Looking at buying a fire/water proof box for my will etc,any recommendations? Thanks
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Deferred Payment Agreement versus House Sale
Is it better to go for a Deferred Payment Agreement with the local authority or to sell the house? My father is now permanently in a care home and we have to source the funding. He has £25,000 in savings and a house worth £700,000 (no mortgage). Are we better to sell the house and pay directly for the care home (investing…
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Daughter left 50% of property what is inheritance tax liability
My brother died last year midst divorce. He left his estate to his daughter as he had made a settlement with his wife ( although it hadn’t gone through as he died soon after ) So the property was owned as tenants in common so his half will go to his daughter. The daughters inheritance will be worth about £364000 after all…
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Capital gains tax when selling house as part of estate
Hi there. I'm the executor for a relative who passed away last year. I've recently sold their house as part of the administration of the estate, and there is capital gains tax to pay on the sale. When deducting legal costs and estate agent's costs from the capital gain, does anyone know whether I can also deduct the VAT…
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How long for HMRC to respond to tax on a Simple Estate
As per https://www.gov.uk/probate-estate/reporting-the-estate the executor of my late relative's estate (having sold all of the assets to cash) will soon be reporting the tax owed on this 'simple' estate by writing a letter to the HMRC with details of interest and dividends received into the estate during the…
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IHT Allowances and forms required for probate
The scenario I have is fairly straight forward I hope. My father passed away late last year and everything was left to my mother, including the house. Probate wasn't applied for. My mother has now recently died and the will leaves everything equally divided between the children, including the house. The house is worth…
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Capital Gains Tax on gifted property - Help!
Hello members, I’m posting in the hope that someone can help with my complicated circumstances. My mum sold her home in 2002. Her solicitor was a family friend and as she’d become fixated on the idea that her home could be taken if she needed to go into hospital, she transferred the funds from her old house and bought the…
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Pension, trust fund help!
Good afternoon everyone im new here, and no idea what time doing!! My sons father recently passed away unexpectedly , we were separated, on good terms and he had a great relationship with our son. He paid regular maintenance, had our son every other weekend and half the school holidays and contributed to all school trips,…
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Transfer of unused IHT
Hi Sadly my surviving parent has just died. When my other parent died a few years ago, all assets were transferred to my surviving parent and the value of those asset were under £325k. I understand that the unused IHT relief of £325k can be transferred to my other parent. What I am not clear is whether i need to complete…