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Pa1 & iht205
Hi I know these questions have been asked and answered countless times, but I just want to be certain that everything applies to me before I submit the forms. I have read through IHT206, but it's not totally clear to me how accurate valuations need to be (given that Dad's share is likely to be <250k) For the house…
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Approx how much Inheritance Tax would be due
Marital home worth 450,000 (joint names) Husband's savings £5,000 Wife has house worth £400,000 (has a mortgage of £ 145,000) Wife has a flat worth £165,000 (owned outright) Both properties are in wife's name only. Wife's savings £210,000 (My plan had been nearer the time to sell the flat, pay off the house mortgage).…
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Intestate Procedure Help
hey all, hope i can get some advice on this for a good friend of mine. Her husband passed away 3yrs ago and left no will behind, she's been in super depression mode ever since and has only recently started to break out of her shell now & moving on with life. She was recently looking for some paperwork of her own and came…
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Unsold moveable assets - Legal rights claim Scotland
I and my siblings have made a legal rights claim on my fathers estate - and received our share. The contents of his house - (moveable assets) were sent to auction and mostly sold over a number of weeks. However a number of items did not sell - what happens to these and to whom do they belong ? Do they keep going back into…
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two questions about leaving money to friends
I am trying to sort out a plan for a will but have two questions, one simple, one not, about leaving money to friends. 1) do I need to put a person's full name (inc. middle names), contact details etc.? If they've got a relatively common name and we lose touch (or I get dementia, or...) how will anyone track them down if…
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Death and Probate
My mother in law left a will naming me as executor. Will was not certified, her bank is requesting a certified copy. I am filing the will in Broward County Fla. It was signed.by two witnesses. What do I do now to get will certified.
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Executor Rights
My brother and I were named executors in a will. He reserved power as he lives abroad. The grant of representation is in my name. He's been kept informed throughout the process. There is just the house left to sell. He has now become "obstructive". As the GofR is in my name am I legally entitled to accept an offer on the…
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Inheritance Tax Blues
My mother is joint executor of her brother in law's will together with her niece and as such they share joint and several liability, on behalf of the estate. Her niece inherited a valuable property which gave rise to a substantial IHT debt Unfortunately, my mother's entire life savings were seized by HMRC this year and a…
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Executor expenses
Hi I’m executor of my fathers will there is no property just about £38,000 to be divided between me my brother & 2 sisters I have had to take unpaid time off work to empty his flat at my expense what can I claim form from his estate? I have had to travel to a few places as he wanted some of belongings take to certain…
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Executor speed (?)
Although I'm fairly sure that it's a common problem I'm experiencing, I couldn't find any threads relating to my question. Namely, what, if anything, can be done to get an executor of a will's bum into action. Detail:- My mum died in March this year (11th), two days later, I notified her solicitor, who was also executor,…
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Can I pay the inheritors?
I am the Executor of the Estate of my aunt. Probate has been granted, her house sold and all saving and investments recovered. I submitted an IHT30 and have had a response which agrees my figures and tax payment in relation to the house but makes no mention of the savings and investments. I have paid all the tax in…
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Intended executor bullied out of role by family
My friend died recently (July) leaving his house to his family, however in his written will he had specifically designated his long-term girlfriend to be the executor of his estate. He owed her a sizeabke amount of money so I assume he intended her to claim it back from the estate before the family got the rest. He and the…
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Creating will
Hi Me and my wife need to make a will as we have a 1 year old. We want to ask some friends to be guardians as we think they would make good parents. Question is who do we leave our estate to if they say yes. I reckon our estate is worth about £100k. That’s a lot of money and I want to protect my daughters future but then I…
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Filling out AS1 and ID1 to transfer inherited property into joint names
When trying to fill in the forms I have become VERY confused! My sister and I have become joint beneficiaries in our late mum's houae and she is going to buy me out. First we are trying to fill in the application to put said house in our joint names but despite me being fairly intelligent, I am finding the forms very…
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How long does it take HMRC to finalise income tax?
I'm administering the estate of my mother who died in July. I received a letter from HMRC 9 weeks ago saying they were going to sort out the income tax on the estate. The letter said I didn't have to do anything and they would only contact me if there was anything to pay or any refund due. They said it would take up to 8…
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IHT & split Land Registry
Hi - a question around IHT and split Land Registry ownership. My brother passed away intestate and so all his assets were passed on to my Mum (Dad passed away 5 years earlier). We paid what IHT we thought was due, which was approved by HMRC. My Mum passed away 7 years later. IHT due was then paid in line with HMRC…
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If I die... no will
What would happen to my assets if I died today? (I’m not planning on dying today but just curious). I have no will yet. Unmarried but live with my babies father. Closest relatives are Mum, dad (not close to him) and brother. I have a mortgage on my own and the 3 (baby, her dad & I) of us live in this house. There is about…
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Inheritance Tax question - Council tax
If someone dies and their property continues to be lived in by a beneficiary, does the unused amount council tax on balance of deceased have to be declared as part of estate to HMRC? Even if it has been transferred to beneficiary ?
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Talk Talk won’t back date bill to date of death
Hello, apologies if this has been discussed before, I went through the other threads but couldn’t find any reference to my question. Situation We didn’t not know dad had a Talk Talk account. Three months after his death we found out, so we wrote to them to advise them of his death and provided a death certificate. They…
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Lloyds and Santander shares
Hi, I've just received a 'Postal Share Dealing - Sell Shares' form from Equiniti. I have shares I wish to sell that were owned by my deceased uncle in both Lloyds and Santander. The covering letter that accompanied the form refers only to the Lloyds shares so am I correct in thinking that at some point they will also send…