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Gifting nightmare
My father in law recently passed so everything will go to
the mother in law . So she’ll have the house £320K and his Money £100k and her own
money £80k. Once she passes it will be split 3 ways my wife , her sister
and brother My mother in law wants to gift £40-80k to 4 of the 6 grandchildren
in the next few months. :s It…
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IHT403 Gifts in the last seven years and Gifts as part of normal expenditure out of excess income
Hi everyone, I'd really appreciate some guidance regarding IHT403, specifically relating to gifts made in the last 7 years and these gifts falling within a pattern of normal expenditure out of excess income. 1) Do you have to list gifts made out of excess income in the Gifts made within 7 years before death section, and…
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Probate contacting witnesses due to will not being bound together
Hi I recently applied for probate as the executor to my father's will and the sole beneficiary. The will was done using free wills and all pages were numbered but I sent the will to probate just paperclipped together. Last night they acknowledged receipt of my document, then 2 hours later received another email asking…
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Octopus Legacy Wills and Power of Attorney
Please move if in wrong place Im with Octopus Energy and they have offered me a free Will and to prepare both the financial and health power of Attorney for £60 in total. i don’t have a basic Will, so I’ll be taking them up on that, but how difficult is it to prepare the Power of Attorney from the .Gov uk website? Should I…
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Great Uncle gifting gold coins to children - what documentation?
My Uncle (who is in his 80s) wants to gift some gold sovereigns to my children (aged 10 and 13). He has already bought some sovereigns and he has all the receipts. He makes other cash gifts every January and already uses up the £3,000 annual IHT gift exemption on these. The reason for gifting the sovereigns to the children…
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Retirement Bridge
This discussion was created from comments split from: Retirement Bridge?.
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Annual gift Allowance
Unfortunately although generally well organised, my late father didn't explicitly leave documentation for the gifts he made so I've had to plough through seven years of bank statements. Before I start to put together the probate form, I'd appreciate some confirmation on a couple of points. Firstly, if the money has come…
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Residuary beneficiaries
I am executor to a will where residuary beneficiaries are named as married couples, I.e. ‘20% to my nephew Jo Bloggs and his wife Sarah Bloggs’. Do I pay them 10% each? Also one of the couples have since divorced - does this affect anything or does their share still just get split the same? Thanks in advance.
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Removed staples from will to scan then restapled
I have made a stupid error,I had 2 pieces of paperwork 1 of them my diseased mother's will and 1 of them a renunciation codicil given to me by the solicitor after I asked them to step down as executor.I was scanning documents to send to utility companies after mum's death and was took the staples out to scan more easily in…
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Will with Trust
I am in the process of having a husband and wife (mirror will) will drafted by a local solicitor (not steps). Because my estate is over a six figure sum, she has proposed that I have a trust set up to contain the Nil Rate Band of £325,000 and Residence Nil Rate Band of £175,000. This trust would protect this part of our…
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Grant of confirmation - additional documents
Hi guys, I've been using some of these threads, predominantly those supported by @buddy9 to complete the c1 inventory form to help me obtain a grant of confirmation so that I can sell my late mother's house Both me and my brother are will executors with equal share of estate. The house is worth £75k... And moveable assets…
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Probate 'court'
When my father died in 2008 I had to go to a local probate 'court' to swear on oath that I would execute his wishes in accordance with his will. Is this process still the same as I can't find any information anywhere to relate to this ?
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What is the best way to find a solicitor for a will? Also can I choose anyone as an executor?
Hello. I am going to make a brand new will and burn the old one. I won't tell the new solicitor about the old will. I'm not looking to add stipulations because I am making many changes. What is the best way of finding a solicitor for Wills specifically? The one I used has closed down and I only went with them because my…
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Council Tax and Probate
I have recieved a large Council tax bill this morning of about £5k. We have had an awful time with probate after it transpired my Aunt never transferred the property into her name after her husband died several years ago. We received probate in 2022 for my Aunt, the issue arose when we tried to sell the property and then…
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Trust or not
My mum died last year and myself and 2 brothers are the sole beneficiaries of her estate (3 way split). Her estate is basically her house which we have just sold for £135,000. My younger brother lived with my mum and we want to relocate him near to where I live. My older brother and I have set up a Deed of Variation so our…
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Confirmation in Scotland
Hi all, Trying to help my cousin through the minefield that is Confirmation in Scotland. He is going to put it all through a lawyer to have it checked etc, but the bit he's struggling with is finding all the accounts. It transpires that my aunt was a bit of a squirrel and had several savings accounts that my cousin had no…
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Inheritance Advice
A relative passed away last year and as part of his will he left a percentage of his estate to my father, it states in his will that if my father passed away whilst my other relative was still alive then my father's share was then passed on to me. My relative ended up passing away a few days before my father did so what…
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Can anyone please help me to understand these documents please
I have received pages and pages of information regarding a will and property sale in France. Not understanding French and needing to sign these documents asap I need to understand them so have been trying to use Google translate but there are so many pages its impossible. I thought I could copy and paste the entire thing…
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Probate Application - figures requested on Probate Application differ to IHT Online Checker
Once we have done the Online IHT checker, it comes out as no IHT payable - which we expected. The printed calculation to accompany the Probate Application shows the same figure for Gross and Net Probate Value. However, after putting in these figures, the calculation throws out a different Net Value. We can identify the…
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Can you reduce inheritance tax liability using the gifts made to charity while still alive
Hi, I'm aware that the amount that inheritance tax is paid on is reduced by the charitable donations made in a will, but is there any possibility to offset charitable donations made before someone dies? Many thanks
