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Paying for Wake and Funeral
We are dealing with my recently deceased uncles estate etc.. He has a substantial bank balance and the bank have already said that they release funds for the funeral/wake/ flowers. My question is how do I go about paying for the above? Do we need to pay first and claim it back or are the bank just billed direct? Sorry if…
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Verifying Old Sun Life of Canada Policy – FCA Warning Confusion
Hi all, I’m one of the executors for a recently deceased relative and before he passed he told us about two life insurance policies listed as “Sun Life of Canada” with policy numbers and an 0845 contact number. When I searched the number online, the first result was an FCA page warning about an “unauthorised firm” using…
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Elderly mother left nothing in her late husband's will, estate left to 4 children from past marriage
Recommended English Family Law Solicitors required to contest the will of my elderly mother's late husband who has left the entire estate to his children who are from a previous marriage ---------- My elderly mother in her 70s is the surviving spouse of her late husband (my step father) who died a few months ago. Under the…
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Executor question: paying estate expenses before probate when accounts are frozen?
Hi everyone, I’m an executor of a relative’s estate in England and we’re at the very early stages (death certificate received, no probate application submitted yet). The will names a firm of solicitors as professional executors alongside family, and we are currently deciding whether to instruct them to handle the full…
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Income to the estate during admin period
I keep seeing posts here that all interest / income to the estate during the administration period is taxable with no personal allowance. Could someone please confirm ISA’s remain in the tax free wrapper for 3 years and 1 day or until executor cashes them in, whichever comes first, so do not need to be declared & no tax…
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Wills
If I die whilst unmarried, will everything automatically be left to my child, or do I need to make a will?
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Probate application - gross/net values clarification
Can I just clarify a point? When calculating the gross and net probate values as per How to work out the gross value for probate Work out the gross value of the estate for Inheritance Tax and then subtract the value of all of the following: - assets that were owned with someone else (‘joint assets’) and that are being…
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Opening a Separate Bank Account Before Probate – Executor Question
Hi all, I’m acting as one of the executors for my late grandfather’s estate and trying to get things set up properly from the start. Before probate is granted, is it possible (or sensible) to open a separate bank account purely to keep estate income and expenses separate from personal funds — even if it’s not a formal…
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Executor advice needed: Handling bonds and ISAs before probate is granted
Hi all, I’m acting as an executor for a relative’s estate and we’re currently gathering date-of-death valuations before applying for probate. The deceased held a couple of fixed-rate savings bonds and cash ISAs with a bank. The provider has asked whether we’d like to: Close them now and release the funds to the estate, or…
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US share holding on death - Etrade
I am the administrator of a fair number of shares which the deceased (a UK citizen, resided in the UK) received as part of her renumeration working for a US company. The US broker is Etrade. Etrade's website says that upon notification of death they will assign a case manager to guide executors through the process. No case…
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IHT Probate and excepted estates
I am hoping you can advise Mother passed away 2023 will left all to her husband. 300k house jointly owned and father also has 110k in normal bank account and 12k in shares. Gifts may be below allowances. We will have to go through 7 years statements and bank stubs to check. We had to use our Amazon for all needs and goods…
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Accessing bank funds and Cash ISA funds pre-probate.
I've just started acting as executor for a deceased relative who passed away recently. There will be an need to complete an IHT400, but it could take some time due to overseas property assets needing valuations etc..consequently I cannot yet apply for Grant of Probate. The deceased had savings spread around several…
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Assessed Income Period, Pension Credit, death and DWP
My mother passed away last year, had been receiving pension credit since 2006 - and had an Assessed Income Period at the time of her death. She received an inheritance in 2013 and we contacted the DWP by phone to let them know, but were told that this would not affect her pension credit because of the AIP, and that we…
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Father died with no will, mother died but cut me out
My father died in 2014 without a will. There was no discussion, my mother kept the house, assets etc. My mother then died 2 years ago and had made a will shortly before and cut me out. Watching Martin's programme last night, it seemed to hint that the lack of will of my father should have meant I inherited something? House…
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IHT form IHT403
Hi there, I am looking to keep a record of gifts to make it easier when I die and rather than doing my own excel spreadsheet, I thought I would use Page 7 of the IHT 403 form. I may be starting to become savvy on IHT but my IT skills are sadly lacking…. Is there a way to download the form (obtained from Gov.uk site)…
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House Valuation for Probate
Hi everyone, We’re in the process of dealing with probate and need to complete the inheritance tax forms. I just wanted to check — does the property valuation need to be carried out by a specific type of surveyor (e.g. RICS-qualified), or is it acceptable to use written valuations from local estate agents? There’s no…
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Need advice as to any possible options available
I would welcome the opinions and advice regarding the situation I currently find myself in. My partner passed away at the end of January. We were not married, but were together for seven years. He lived with me at my house. He did not have a will (despite him asking me several times to take him to make a will). It was me…
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Inheritance Coming Through, Possibly £300,000.. Tax?
Hi. We have possible inheritance coming in, a mixture of savings, investments and a house sale. (Maybe around £300k) if house sells but vould be £280k etc. It will be going to a pensioner, and I am wondering what the deal is here, could this effect said pensioners state pension and housing benefit? To my knowledge the…
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Trying to execute an estate for the first time and geting myself into a state!
Apologies in advance this is going to be a long post but i feel like I'm on the verge of insanity. Dad died in December and I'm try to wrap my head around excuting the estate. Salient info: Dad and mum were married. Both had wills with an IPDT in that allowed the other to live in the house until death/care and a trust…
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Understanding question from late Grandparent's pension provider
My Nan died at the end of last year aged 100. For over 29 years she was in receipt of a widow's pension from my Grandad's pension provider from his workplace. My Dad is the executor of Nan's will. She left cash only in a bank (no property). He has informed the pension provider of Nan's death and sent a death cert but had…
