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Value of Estate for Inheritance Tax AND Probate - What's the difference?
HMCTS require more information, following my online application for probate back in September 2023. The probate is for my late mother and I believe her estate would be classed as an Excepted Estate. My father pre-deceased her twenty years ago and everything went to my mother. The gross value of the estate (property and…
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Power of Attorney in NI
Hi - having read Martin's recent article re POA and how you could apply for it online (much cheaper) - it would seem that its not possible to do this in Northern Ireland. Could someone confirm this is the case please - maybe I just can't find it :) # Thanks
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Tax due on interest accrued on a deceased person's savings account
Following my Mum passing away and the completion of the
probate process, I received a letter from my Mum’s bank last April, saying that
they were going to pay me the interest which had accrued on Mum’s savings after
her passing, and that I was responsible for declaring that to HMRC for tax
purposes. I wrote to HMRC with…
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Tracing missing relative
A friend in Australia has asked if I can help regarding an elderly aunt who he hasn't received a Christmas card from. All he has is her name and an address in Welwyn and no other contact details. On checking Rightmove I can see that her house was sold last November so it's possible she has gone into care or may have died.…
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Moved: Not able to access HMRC online services
This discussion has been moved.
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Length of time active for access code for government gateway to HMRC online
I have a government gateway user id and a password to get onto HMRC online services, but the system then comes up with ( and it might do it every time ? ) :- How do you want to get access codes? Text messageGet codes sent to a mobile phone.Voice callGet codes by automated message to a UK mobile or landline.Authenticator…
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Will has been destroyed.
Hi.I don't have the full details of the situation yet, but I understand that if an author tears up their latest Will, they then become intestate. Ie, it doesn't revert back to the previous Will? Is that correct?What if there is some evidence - diary entries etc - that the author's intention was to simply remove the latest…
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Adding names of trustees in a will trust
If the surviving spouse in a will trust adds the name of two trustees who are also beneficiaries, is it a conveyancer solicitor services that are required? On death of the surviving spouse, will,probate be required to remove death spouse name and as the two trustees are already on the register , does it need to be amended…
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selling shares as POA
I am trying to find if my mum still has shares in LLoyds/TSB as my brother and I are trying to sort her finances as POA,s. I have a very old certificate from TSB in my dads name(he died 25yrs ago) and correspondence from LLoyds about voting in the AGM up to 2015 and then nothing else and no new certificate. She has…
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Property in trust
My fil passed last year and left his part of a property in trust for his 3 children in his will. His wife and the solicitor are named as trustees with my husband as a beneficiary. Probate was applied for in November. Now I’m looking for advice. We tried to speak to the solicitor who delt with the will to explain the will…
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Cost of amending a Will
My aunty and uncle have mirror Wills set up about 15 years ago. There are no complications other than a trust that has been set up for their disabled son. My uncle no longer has capacity (dementia) and my aunty wants to make 2 changes to her Will: 1) change the ratio of percentages left to her 3 children 2) if she dies…
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Trust Wills
Hi ..we have our trust will and Poas ready to sign next week, with our solicitor who created them. Our Poas are our two adult children. We are separating our house ownership to tenants in common at the same time. After listening to Martins podcast and threads on here it would appear that we know very little about what…
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Winning Lottery and Dividing between Sons and Daughters
I just thought about Martin saying you could win the lottery and drop dead from the excitement. What happens if you win 100 millions on the lottery and divide it between your spouse, sons and daughters then drop dead after they have received their share. . Do they each have to pay inheritance tax on their share?
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Giving to Charities in a Will
The recent Money Tips (11th March 2025) says in the section on Free Will drafting " in the hope you'll leave them a bequest (money in your will) of typically £300 to £1,000, or a percentage of your estate." Warning (not just for free wills), if you leave a bequest to as a percentage of the estate, the charity's accountants…
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LPA query after Martin's show - 5 people to sign?
Hello Can anyone help or shed light on Martin's statement that a "minimum of 5 people need to sign an LPA"? This was clearly stated on his presentation last night (just watching now). It's put us into a bit of a panic as we're in the process of getting an LPA registered and this was NOT the case. We did it all online and…
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Discretionary Trusts - tax implications for beneficiaries.
My father set up 4 Discretionary Trusts for his (now adult) grandchildren 25 years ago. His total estate will fall below the IHT allowance. On his death, the grandchildren will receive approximately £14k each. Will they be personally liable to pay tax on this inheritance? Many thanks in anticipation.
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Is it normal to have a 'thirty days' clause in a will?
Without going into too much detail, married couple and one of them has died. There is a clause in the will which states: 'If my [Spouse] survives me by thirty days I give the whole of my estate to [them]". I'm curious about the 30 days? Is that standard? Why not just give it all straight away?
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Full value of estate unknown
Hi. I was approached by geneologists in Feb claiming j was entitled to a share of a deceased relatives estate. The letters of administration were dated march 2024 and have a gross/net amount of money on them. However, i can see that the deceaseds property sold in May 2024 for £20 000 more than expected. How do i now know…
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IHT403 Form Gifts from Excess Income
Hiya The answers so far on this topic have been really useful, so thanks to everyone. When the pensions get included in values of estates, my wife and I will suddenly need to get involved in inheritance, our house value is relatively low ( <190k) , and my pension pot very high). At the moment, even though we are both…
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Joint Tenancy/Care Home Fees
Hi, i (daughter) have a joint tenancy with my Dad on the property we both live in, the property is now mortgage free, if my Dad needed care at home or to go into a care home in the future would the property value form part of the assessment by the council for paying the care home fees even though he does not own it…
