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Help on Inheritance Tax forms - Are the required for estate of 375k going to grandchildren?
Hi, My father's estate is likely to worth about 350-375k (from house sale less funeral expenss etc). The contents will be offered to charity shops and have no real value. He has little in bank accounts. The estate has all been left to 4 grandchildren in the will. Me and my brother are executors. So this estate value is…
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Claiming annual exemption on IHT403 form
I am a little confused about what to claim the £3000 annual exemption allowance on IHT403 form and would appreciate some help. In tax year 2018/19 two cash gifts were made by the deceased: one of £3000 which was more than 7 years before date of death and the other of £12000 which falls in year 7 before death. Should I…
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Wills and repayment after death of loans to children
Our son has a documented loan from us which he is paying
over 35 years by STO. We will both be dead before it is repaid, and all our 3
children will inherit equally. The outstanding loan amount will be the major
part of the inheritance and our son wants to continue with the instalments as
agreed but also have any cash…
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C1 form for someone with no experience. No will was left and I am not legally related to the person
This is quite complicated. Someone who was in my life since I was about 4 years old and was a carer for my auntie and then was also looking after me as a guardian (through social work) at the same time and for a few years after. He’s basically been my dad my whole younger life but we are not related. He didn’t have any…
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Timing of Deed of Variation
Currently executor handling a poorly written will. Trying to agree a Deed of Variation which should allow claim of the RNRB downsizing allowance - would save £70k so both beneficiaries (who are also executors) are better off. Other executor has personally engaged their own solicitor (not acting for estate) who is insisting…
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Probate: Unmarried couple: IHT, RNRB, Trusts & Land Registry
Hello, first time post
to this forum and apologies for the length. I have searched and read through
previous posts and ‘think’ I understand the issues but would like to check
please. Background My father died in
March this year. He lived with his long-term partner (un-married/no civil
partnership) in their house which is…
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Ascertaining debts for Probate
Hi all. I've looked at various other threads for an answer to my question, but couldn't quite find what I am looking for. I'm looking for advice on how to enquire about debts for a deceased estate with creditors without formally acknowledging a debt. My mum recently passed away and I have started the process to value her…
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worried that Will has gone missing on the way to Harlow. was sent tracked delivery
Hello, hoping for some reassurance/advice. Got probate code and applied online about 2 weeks ago. Sent Will in via 24 hour tracked delivery well over a week ago. Tracking show it arrived at Harlow DO for delivery 7 days ago, but no update on the Royal Mail since then and no acknowledgement of receipt on the probate…
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Life insurance passing into trust
Maybe I should not be surprised by the lack of clear guidance but currently working through the paperwork after the death of my father. He had a life insurance policy which looking at a copy of the paperwork he completed at the time of setting it up pays the proceeds into 'trust'. Would this trust have been registered? The…
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Lost shares
Hi, my dad died in 2021 and my mum and us kids were left to sort out his estate, find lost shares, bank accounts etc. We thought all were found and dealt with and went through probate, but recently my mum has been contacted by a financing company telling her my dad had shares in the Tata/Corus the company he worked for…
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Two estates - one conveyancer?
My father and grandmother both passed away in 2023 (a few months apart). They owned a house together in unequal shares. My brother and I are the executors in respect of our late father’s estate. Our paternal aunt is the personal representative for our grandmothers estate. We do not speak to our aunt so all dealings are…
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Timeframe for banks to release funds
Just wondered what sort of timeframe is fairly normal for banks to release funds once probate has been granted.TIA
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Inherited mum's house. Implications of living in that one and selling our own house
Hello, we have inherited a property and have grant of probate. It's my husband's mum's. No mortgage on it. We have our own home, no mortgage. We are toying with the idea of extending her property and living in that and selling our own property. Our own property was purchased 2003 so it has increased in value. We have only…
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Overpayment of retired Army Pension following death
I am aware of the thread here regarding over payment of the state pension due to timing issues only and whether you are legally (as opposed to morally, I read the thread!) obligated to return it Ignore requests from the state trying to claw back pension overpayments after someone has died - they have no legal right to do…
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Empathy funeral
I also paid for prepaid funeral with Empathy funeral. It was transferred over to Dignity but I am having trouble contacting them it looks like I have lost my money I would appreciate any information & help about this .
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Probate value for property
Had two EA valuations, first one between £350,000 - £375,000. Second one guide price of £350,000. Shall I put £350,000 or £360,000? Was going to have a third one but been put off by one not turning up.The probate value came to £76,000+ Thanks
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Passing on inheritance
My mother passed away last year. Her estate will be shared equally between myself and my sister. However, I want to pass my share directly to my adult son instead of taking it myself. I am no longer with his father but have a partner who has 3 adult children of his own. I don't want my parents' savings being absorbed into…
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Deed of variation
Quick question please. I have done some googling and still confused. My Mum died 1 year ago and my share of the inheritance has already come to me and sitting in NS and I savings account. I was the Executor as well as siblings lived abroad. If I wanted to give one son a hefty deposit to buy his first place (circa £200k) is…
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Threats from late administrator's family
Hi I would like some guidance on this problem please.I am close to taking on the administration of my late mother's estate which the late administrator failed to complete. His son has threatened me and my family because I told him that his father was remiss in dealing with the estate. The son has sent me vile and…
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Charge over property, but Petitioner has now died.
This is side issue of another post I have on here currently: https://forums.moneysavingexpert.com/discussion/6599861/understanding-a-will/p1 My in-laws divorced in 1999. The house was transferred to my mother-in-law but with a charge of 25% net value to be paid to my father-in-law on her death, the sale of house or if she…
