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Inheritance tax question
i have had a query from a friend and she's rung HMRC three times but not got an answer. i have 500k to pay in 10 instalments over 10 years.There is interest to pay on the instalments I have paid the first instalment 50K, but not the interest due with the first instalment, which is around 40K.If I pay more, before the next…
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Inheritance tax
Hello, I am hoping someone can help. My dad passed away in 2017 and everything went to my mum, my mum sadly passed away last week 24/09/2025 and as an only child I inherit everything as per their wills. I had LPOA for my mum and was in the process of selling my mums house when she got sick. The sale was to pay care costs…
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Will & Trust
I am married with 2 grown up children who have left home, my partner has 3 children from a previous relationship. How do we ensure our house is left to our shared children only as I came into the relationship with the house (not the current one we reside in). We both have a will but should we get a Trust? If yes, which one…
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Is it fair to leave my house and money only to my granddaughter as my son has fallen out with me.
My son has fallen out with me years ago but his daughter carried on visiting and helps quite a lot. I need to sort my will out and have been delaying it as my dilemma is should I leave my house and money to my granddaughter only or should I give something to my son who doesn’t want to know me.
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Trust Will or simple Will?
3 years ago, when my husband died, I revised my Will, and was told at the time i NEEDED a Trust Will. It cost over £300! This was put in place, but since then, I have had doubts as to the need for this document in my case, but cannot find a simple plain English explanation about just why it is necessary. I am leaving the…
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Undervalued house for probate
“We, as joint executors, have undervalued our late mother’s estate by £60k because the house sold for that much more than expected. The estate is being distributed only between the executors. There is no inheritance tax due because my father predeceased our mother and she has his allowance. Do we have to pay capital gains…
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Does a 'will trust' / 'interest in possession trust' form part of the beneficiary's estate?
My father is named as sole beneficiary of what appears to be an interest in possession trust. My step mother died recently, her estate value is approx £275k, consisting of cash and shares. With regard to the trust, my step mothers will states only the following: 1) My father has the right to interest from the trust for…
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Direct Payment Scheme for IHT
I am doing some planning and discussing with the potential executor to use Direct Payment Scheme to pay IHT when I pass. Is it too risky to rely wholly on DPS and usually how long for banks to make the payment to HMRC?
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Pecuniary legacy interest payments
My father's will left a set amount to my late brother's wife, who lives overseas. We have been trying to pay her the money but she is not returning the necessary papers to my solicitor to confirm identity etc. I have spoken to her, messaged her and emailed her. My solicitor has done the same, but for some reason she…
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IHT 409 help please
Thanks in advance everyone My Dad had 2 work pensions. One of which was a final salary type and I have had confirmation that there are no post benefits due. Children only so nothing left on that one. He had a separate draw down type where there is money left in the pot. He died under the age of 75 sadly and it's a…
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Equini** - dividend cheques issued with unusable payee - warning to others
30 months after my mother passed away, I'm still trying to conclude items. The latest which I've been helping my co-executor with is Equini** whose latest escapade is this... We completed their incomprehensible transfer forms, requesting they pay in any monies due into our probate/joint account. Instead, they issued 8…
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Will made years ago help
I made a will when my only child was 3 years old, leaving all to him, he is now in his fifties, I was a single mum and I’m still a single mum, The executors where my parent who have now both died. As I’m still wanting all to go to my son, which will be a small house with no mortgage, is this will still ok when I die. Many…
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Liferent Trust (Scotland) with Confirmation/IHT questions
Mum died March 2024 and Liferent Trust came into being with Dad given Liferent use of property till his death. Value of house £200k so half share of £100k in Mum’s Confirmation application. Granted July 2024. Dad died January 2025 so Liferent Trust died with him. House valued at £230k for Confirmation purposes. Lawyer put…
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Intestacy Dilemma
Some advice would be appreciated. England. My only brother W died last month in hospital just before a will was to be signed by him (he was too ill to complete it, hence intestate) in which he names a child he and his wife (d 2014) gave up for adoption due to health and addiction problems. It is a cash only estate. I…
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Reporting estate income - letter vs SA900/SA903?
My mother died in January 2024, and I and my sister are (amongst others) the beneficiaries and executors of her estate. She left behind a some money and a house which was rented out to help pay for her care home fees. As we did not know how long probate would take (surprisingly quick, as it happened) we renewed the tenancy…
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IHT418 Trusts
Hi, I hope someone can help, this is very basic, and I am trying to navigate these forms. My parents both set up a 'whole of life' insurance policy in 2001, in trust for the beneficiaries, to mature when they both died, both parents have now both passed. Also they set up 2 'inheritor Trust funds' in 2010. Reading the form…
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value of share
My partner died and we were contractors working through a company. Not married but lived together. Our company bought a house which was in lieu of a pension and we rent it out. I am the director he was the company sec. We have two shares for the company. The company books still show this house as at the price we paid in…
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Who physically pays the IHT following a large loan?
FIL has given a loan of say, £100K to a child to help buy their home. If FIL dies within the 7 years: 1. Does the child have to pay to HMRC IHT of 40K (its now tied up in a home, so how?!?) 2. If not, does the 100K just get "added" to the estate value, so all beneficiaries effectively share the burden of the IHT ? Child…
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Inheriting parents home with sibling.
So my mother wants to make a will so the house that she owns is left to 50/50 between me and my brother. My brother still lives at the property and would more than likely stay living there in the future. When the dreaded day comes would it be just a case of my brother having his name on the house remortgage it for half the…
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How to record a bequest from a will?
Surviving parent passed away recently. Will nominates myself and brother (no other successors) as executors. No specific bequests were made in the will, merely for executors to act in disposing of the assets of the estate. The unwritten agreement (perhaps unwise but it has stood the test of time!) with parents/brothers was…
