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Inheritance tax and joint account
My father gave me a £20000 gift three years ago. The gift came from a joint account that he shares with my mother. My father is very ill and I don't think he has long to live. When dealing with his financial affairs can I say that the £20000 gift was part from him and part from my mother ? My mum has dementia and she can't…
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Lack of Capacity
Hi all, Hope ok to post here, not sure it's the right board but you were all so helpful before…………. As you may remember my half brother went into nursing home from hospital after some sort of breakdown. He owned half the house due to mother getting bad advise back in the 90's. Mother died Oct 24, Dad died Jan 23. Mother…
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Mum and Dads estate (they are still alive)
Hi all, Looking for some guidance on protecting my parents' assets and would really appreciate advice from anyone who's been through similar. Background: Dad is 79, Mum is 75. Mum is showing early signs of dementia. They have a Will in place already (I'm named as executor, though I haven't actually seen the Will itself…
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Updating lasting power of attorney
Dad died nearly two years ago. Does mum need to notify OPG of his death and update her lasting power of attorney. We have both been appointed to act jointly and severally. Thanks
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IHT question re main residence allowances
According to Martin's excellent site "This means a married couple can leave up to £1 million tax-free (2 x £325,000 tax-free allowances + 2 x £175,000 main residence allowances)." My mother died in April this year, my father died in 2009. She has left everything to the children. He left everything to her in his will, not…
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IHT 400 - Money owed to rather than by the estate ?
I'm completing an IHT400 and Q82 provides quite a large section for listing money owed by the estate - such as outstanding care fees, overpaid state pension etc But is there anything similar there to list money that is due to the estate following the death - such as credit on the energy supply, a refund of broadband & TV…
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Confirmation Scotland and IHT forms
I'm the executer alongwith my brother for my late fathers estate. I’ve completed the IHT forms and HMRC have confirmed no tax to pay. They’ve given me the HMRC reference which I quoted on the Application for Confirmation. Last week I called the Sherriff Court to ask re progress and they informed me the Application for…
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Probate: Last Stages Taking Ages!
Hello - I’d be grateful for any comments and advice you may have regarding the following situation with our probate ‘journey’. My father passed away in early 2024 leaving his estate comprising of a property rented out to a tenant (he no longer lived in it) and various funds. He nominated local solicitors as executors and…
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Solicitors to provide witness to Will signature
Anyone used solicitors to write the will and who also provide the two independent witnesses to the signature? Do most solicitors provide this service if you need it?
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Would I get any benefit from a solicitor to arrange probate?
My mother recently passed, and I am named as executor, along with my two brothers. I'm generally pretty good with forms and paperwork, and feel pretty comfortable at the idea of dealing with all the paperwork myself, but my mums former lawyer and financial adviser both keep encouraging us to get someone else to do it. I'm…
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Online Probate Application - Question re "Other Executors"
I am applying for Probate as sole Executor. The original Will included a second Executor but a later Codicil changed that Clause to only me. The second (removed) Executor is also now deceased. Should I name them on the Application where its asks for details of other Executors named in the Will?
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A will with options?
I am wondering if I can write a will giving someone the option to accept or decline a bequest? I know this sounds strange but I am thinking of a close relative who is in excellent financial health at present and who says they are in no need of a bequest. But I would not wish them to suffer in the unlikely event that they…
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Double counting IHT for houses in trust
If a husband places their house that they own 100% in to an IPDI trust via their will that allows their wife to live in it until no longer required, I understand from here that the wife is the beneficial owner and the value of the house is included in their estate for IHT purposes. Does that mean that the house is counted…
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Confirmation C1 returned - but no note of what errors are.
Hello. I’m trying to help with the confirmation process of a family member and thought I had nailed the C1 form! How wrong was I - returned today but with no info on what was wrong with the form. Is it advisable to upload images here - I’m not sure if it is the wording or the numbers which are incorrect. No IHT is due, and…
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Please help with dative petition
My mother died earlier this year i am the only person left in the family, She lived and died in Dundee and had no will the estate is around £50,500 the bank has already paid out for her funeral. can any guide me to create a dative petition please.
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How to value unlisted shares in estate
Hi all IHT400 completed and submitted for my late parent’s estate (sent forms early August, waiting to hear back from HMRC), fingers crossed for no sticky bits. Hoping they will allow grant on credit. I check my late parent’s Email once a week and this week there was a notification on payment of a small (<£20) dividend…
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Bank refusing joint account info to PR.
My brother died intestate and its me that's the closest living relative. When I asked his bank for IHT values of his accounts including a joint bank account held with his unmarried partner, they refused siting DPA. I pursued this and was eventually told the joint account was no longer in his name and would need probate…
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The Property/Savings Split in the IHT Nil Rate Band
So, I'm aware that the NRB for property is £350K and for other assets is £650K for the last spouse where the 1st spouse has not used their allowance on death. Every article I read talks of an allowance of £1M per couple. However, where there is an imbalance does the £1M allowance apply as a total, or are the 2 individual…
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Is it necessary to cancel restriction when adding trustees
instructed my solicitor in March to add two trustees, my adult children to my title deed. Have not heard anything and when I contact him this week. He told me he had submitted an application to remove a restriction, not sure what he meant by that as have already removed my deceased husband from the title deed. Although we…
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Advice for choosing pre paid funeral plan
This is something I really want to get done for myself and my partner. But I can't decide on which company to go with. All i want is a simple cremation , not bothered about people attending ( I'm a loner so don't have much friends or family) I don't like much fuss anyway. I've got ads coming up on my facebook feed for them…
