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Probate Forms – Accounting for Large Cash Gift
I am currently working through the IHT 400 and various additional documents. In short – my father gave me two cash gifts before his death in December 2018: • August 2013: £50,000 (5 years ago) – with 5 years taper relief this comes to 60% reduction of IHT rate though I understand it’s not relevant for the below…
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Travel expenses for mourners at a funeral
I am sure I read in a newspaper article on funeral expenses that the travel costs for guests / mourners at a funeral could be deducted from the estate. After trawling gov.uk it seems not to be the case, or perhaps it was possible before 2010? In my case, it is likely after transferring the married partner's unused…
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Inheritance tax question
Hi, My mum recently sadly passed away, I am the executor of her estate and an only child. Her partner ( they weren’t married) passed away back in 2009 and I don’t believe left much behind. There is currently a flat and shop along with some cash/ investments and I believe that as her son is the beneficiary then the IHT rate…
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death in family tennant in common
hi - my mum has just died and her property is "tenant in common" with me - her daughter. I own an 18% share (bought 20 years ago - and I took out a repayment mortgage to help her with it) - she has left the property to myself and my brother. how does it work when we sell it ? - will I have to pay CGT on my 18% ? -do I need…
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Discretionary Trust help.
I need some advice regarding some difficulty I'm having with a Discretionary Trust. To cut a long story short an elderly friend has left me and a few other friends a substantial amount which was quite unexpected. There is an amount left now under a discretionary trust (£200,000) which is what I believe is called the…
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being executor and beneficiary and the will help
Hi All, I am new here and mum sadly passed away in october this year. I am her only child and her only beneficiary. She died with very little to be honest as after dad passed away some 12 years ago she was left struggling and after much advice and me telling her to do it she took out a lifetime mortgage on her house to pay…
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SF200 - Direct Cremation and cots
So, My dad died recently. I've started all all procedure with caledonian funeral directors. Since they don't want paying up front. My dad had £660 odd in his bank, Will DWP take this and pay the difference for the direct cremation. Or will the pay the full £995 or anything Im on esa support group and pip.if that helps.…
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Inheritance from father - tax
Hi all, very grateful in advance for your help. My dad died a few months ago, and my mum says that they had in place an agreement that I would inherit £10k when either one of them died. My parents live abroad, but I think this was mentioned in his UK will. I was wondering how the best way would be for my mum to send me the…
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Will amendment, can I do it myself?
I made a new will a few years ago with a solicitor and obviously paid her for doing it. Then last year I made an amendment, not a huge one, and she charged me £120 to do it. I've now got a granddaughter and would like to leave her some cash so again this would be another chargeable amendment. is there any way I can type…
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Signature of Informant on Death Certificate
I'd like to know: Is a Death Certificate valid with nothing present under "Signature of Informant"? It's the first Death Cert that I've ever handled so I don't know if it's normal or not. The Registrar did not refer to it when the certified copies were collected, and it's not trivial to get them signed now, as the…
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Will mistake
Hi I've just written out my will, however instead of putting "my son" I put "my son's", realising my mistake I put a bracket over the extra s. Will my will still be valid or do i have to rewrite a new one. (This is a self will without a solicitor etc).
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IHT and Probate
My mother in law has just passed away, she has left behind a house worth approx. £300k and savings of approx. £200k as a mixture of investments, shares & savings accounts, her husband passed away approx. 10 years ago and left everything to her. The estate is now being left equally between my wife and her brother. my…
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Trust Fund Confusion
Hi, My Dad died suddenly in 2016. Before he died he had infomed me that he had set up a trust fund which upon his and his wife’s death would be split equally between myself and his wife’s son of a similar age. I was also under the impression that their house which they owned was built into this. Since his death, the…
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Redirecting Death in Service and Pension Inheritance
Unfortunately my father passed away a couple of weeks ago and left myself and my mom. He was still in work at the time. As part of his "estate" he leaves behind a death in service benefit payout and the balance on his contributory pension scheme (i.e. this has not been drawn down so is £140k sat in an account). In…
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My grandads will
my grandad recently passed away and his i have been named as one of 6 to get an equal share of his estate along with my mum, her sister and 3 brothers also. my mum sadly passed away and the will says if any of us were to die their share would go to his /her children. i have a half brother and ive found out from his dad…
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Funeral plan and Link Corporate Trustees Limited
Hi, My elderly mother is looking into purchasing a funeral plan with a company that invests the money with “LINK CORPORATE TRUSTEES LIMITED” I looked in Companies House (Company number 00239726) and noticed that LINK has been known historically by a significant number of other names. Previous names include: CAPITA TRUST…
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Wills, Beneficiary Terminology
Hi, Looking to get solicitor to rewrite the will, but just wanted to get a point clear before asking their advice. Want to leave a percentage of the estate to a married couple, but what would happen if one died ? Should it be something as simple as -" To Mr John and Mrs Joan Smith, or Survivor ...10% of the estate " thanks
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RNRB/IHT Query
Hi Everyone, I'm looking for clarification/advice on a couple of issues in regard to RNRB/IHT. Here is a brief timeline of events. Apr 2009 - My Father begins Divorce proceedings against my Mother, (as a part of this, the tenancy was severed on the house so that they became "Tenants In Common", and my Father also made a…
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When one married partner dies, is their inheritance entitlement automatically transfered?
Hi all. As the title; when one partner in a marriage passes away, is their £325k inheritance entitlement automatically transferred to the surviving partner to make it a total of £650k for them? I know that property value can be added to this to some degree, but my question is only about how this main entitlement is…
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French Inheritance and UK Debt liability
My Father was an expat living in France where he owned his own property. He died last November and I was the sole heir in his will, he named two Executors who have since renounced their positions. I have now sold the house in France, the notaire in France dealt with debts in France and the rest of the money has been…