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Do I need Probate
Although I have read just about every website I am still confused!! My dad has passed away. All bank account money is joint accounts with my mum so will automatically transfer to her. The house was changed to them being 'tennants in common' so he could leave his half of the house to me. My dad had a will and I am the…
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Right of beneficary to see Estate accounts
My mother was a beneficiary from the estates of her two brothers. My brother acted as Executor for both estates, but has never supplied a breakdown of estate accounts. My mother has herself now died (after final payments were made from her brother's estates), with both myself and my brother being beneficiaries. I now have…
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Forcing a sale?
Requesting on behalf of a family member, hence the scanty details. In brief. House left in will to children, with the proviso that two could live there for two years until they made other arrangements after which the house could be sold to give all the beneficiaries their share. There was no cash in the estate after the…
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Sons grandfather passed away
We found out yesterday that my sons paternal grandfather had passed away 18 months ago. My sons dad passed away 3 years ago and was an only child. As far as I know the only other living relatives he has are newphews and nieces who he wasn’t particularly close to, so unless he left a will stating otherwise, my sons stand to…
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Executor powers
How much information do I legally have to provide the beneficiaries? And what is the current legislation covering the administration of estates? (apologies if I have broken any rules by asking two questions, I'm new to this).....also thank you for any replies, they will be gratefully received.
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Transfer of NRB
I was just reading something online on the This is Money website where somebody was asking if she could use dead husband's unused IHT allowance to add on to her own allowance giving a total of £650,000 when she dies. The response from the expert states 'HMRC will insist on seeing your late husband's will and grant of…
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Letter of Administration - do I need it?
Hello My Dad died last week, without a Will. He was a joint tenant in a council property with my Mum. Dad didn’t own any property and had a small ISA which is not going to trigger Inheritance Tax. I’ve spoken to his ISA provider who have said to call in to their local branch when I have a copy of the death certificate and…
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House Left
Hi, I have been left my grandads house entirely. I'm down on the will as the trustee and the executor. We have decided to allow the solicitor to take charge of the probate. My 2 questions are : 1. Can I perform any building work (new kitchen installment, knock walls down, redecorate, carpet installed etc) while the probate…
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Grant and figures
What exactly is a grant? Is this what's released when probate has been done? And is it given to the executor of will? There are two figure a gross one and net one, is this before and after inheritance tax? Do these figures include money from house? I thought they didn't because the house hasn't been sold yet when probate…
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Executor selling house below market value
Hi everyone My grandfather recently passed away and as we've lost my mother her share of the estate is to be divided between me and my brother and the other half to be given to my Uncle who is the Executor. My grandfather's property has been on the market for 6 weeks at an asking price of £239,500, we found out that he had…
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Inherited property - Still in probate??
Hopefully I'm posting in the right place.. And please bear with me as this might be a bit long winded to explain where everything is.. My grand dad passed away in 1992 (I think if important will confirm) leaving a house and some money. He had two children, my dad and my aunt. As there was no will and my aunt doesn't live…
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Car on finance deal can we pay before probate?
My mother died recently and I am an executor named in the will with my sister and my partner. We are currently sorting out all the IHT and Probate Forms. There won't be any inheritance tax as the estate is sizeable (or it seems it to me!) but under the threshold once all the extras are added relating to deceased spouse and…
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Grant Of Probate - DIY ???
Hey all... My Dad passed away a month or so ago and we've managed to sort out most of the bank accounts for my Mum. But some are just in my Dads name. He had a fair few, with random amounts in them, some fair amounts. So it appears we need to obtain a Grant Of Probate. I'd never heard of this and after some searching I…
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Probate application, form PA1
Question 5. Relatives of the person who has died Am filling out this form and am stuck on 5.3c Whole-blood uncles or aunts who did not survive them. How many under 18 and how many over 18. How accurate does the answer have to be? My deceased uncle was mid-90s when he died and his own family have all died. My father, who is…
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How to put in motion claiming share of property under intestacy rules?
I would like some advice concerning the rules of intestacy of my late father's modest estate, and more specifically how and which body is responsible for the enforcement of these rules. The situation my sibling and I have found ourselves in is as follows. Our parents divorced many years ago. My father then began a new…
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Executors to pay taxes themselves
News in today's Telegraph highlights the fact executors were left on the hook for £340,000 inheritance tax bill after beneficiary fails to pay. This has always been the case as it is the executors responsibility to pay any inheritance taxes or debts of the estate before distributing the remainder of the estate to the…
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Does £14000 sound a lot for probate solicitor bill?
I think I'm gearing up for round 2 of my uncle fight.. they have sent a bill for £14000, with absolutely no breakdown of costs, despite my solicitor requesting this weeks ago. My solicitor also made it clear to them that I was not liable for costs pertaining to the expense nightmare, only costs pertaining to the estate,…
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Land valuation for probate
My relative has a small parcel of agricultural land, which I need to include in their estate. Reading threads on this forum it looks as tough I should obtain a RICS red book valuation. Can anyone tell me what this is and how it is different from an estate agents valuation? Why are these so expensive - it appears £1000 +…
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Uncle's previous address on will
Uncle moved into a care home for the last few months of his life. The will still has his previous address on it. Any idea what I should do? Thanks.
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Am I filling out the correct forms?
Uncle's estate totals approx £580,000 after debts. I will be transferring across his deceased wife's NRB of £325,000 giving a total excepted estate of £650,000. Am filling out the PA1, the IHT205 and the IHT217. Have I used the correct forms? I don't want to carry on filling them in until I'm absolutely certain. I'm really…