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Property probate trust nightmare
Hi all, please help, getting so much conflicting advice. Mum set up a property probate trust with a co called Thy Will Be Done and the house was put into mine and sister's names with HMRC in 2015, with mum able to live in the house for her lifetime and we cannot sell without making a declaration with a conveyancer, no sole…
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Funeral costs and bills for carer
Hi, I was a cared for my mother for 13 years, she had Parkinson's and dementia. The caring got more and more until it wad full time in 2020,snd I had to move in with her and look after her 24/7. We eventually last year got a live in carer, and I shared the work and supervised the care. I have been recievjnf carers…
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Solicitor not responding
Hi my late uncle left a few euros (80k) to my father (his brother) in 2017 - my father passed away recently but i found it hadn’t been collected. I’m the sole beneficiary - I got in touch with the solicitor dealing with the estate in Ireland who was helpful and sent me a pile of the relevant forms to register to pay IHT in…
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Permanent address at time of death
My husband was in a care home discharge to be assessed for 28 days but due in hospital. What do I put as permanent address, it says care home on the firm but it was temporary for only 28 days. Can Input his home address? Thanks
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Capital Gains Tax on estate
Could anyone please advise how you go about calculating and paying Capital Gains Tax for a property that went up in value on sale (£103k>£120k) and for income from savings interest in administration period. Thanks
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Dividend income after death
My Father died last June and my brother and I as Executors have dealt with his estate, and obtained Probate. We had to pay approx £50,000 of the total IHT due, out of our own money in addition to a few other debts. My query is whether we can repay ourselves from dividend income which has accumulated since Dad died, or does…
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Probate
Hi, my mother in law passed away and in her will has left everything to her son. The house is valued at £450k. Bank account at £130k. My father in law passed away in 2011 and left everything to my mother in law. If I'm correct there is no inheritance tax to pay. She'll be able to use her deceased husband's nil rate…
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Understanding a will
Hello all, My father-in-law died 4 years ago, he was divorced from my mother-in-law and had remarried. His second wife was the executor of the will. The grant of probate was £162K, the beneficiaries were his second wife, my husband and my husband's brother. My husband and his brother were my father-in-laws only children.…
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LPA - where do I start?
I believe my elderly parents had LPAs set up for one another years ago. My mother now has memory problems and, in my opinion, is showing early signs of Alzheimer’s. She is aware she struggles. Unfortunately my father refuses to accept there may be an issue, citing a diagnosis of ‘mild cognitive impairment’ made three years…
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Solicitors Responsibility to Distribute Funds
Does a solicitor have a legal responsibility to distribution funds from a house sale in accordance with the Property Register. In other words, should the funds from the house sale been distributed to those cited in the Land Document below: Sylvia owns 50% and the 4 children own the remaining 50%. The reason I ask, is that…
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ANY CGT/IHT?
In 2012 our parents transferred their property to myself and my two siblings. All three of our names appear on the land registry, it states title absolute and value stated as at June 2012 £300,000. There is a Deed of trust (also referred to as a lifetime asset trust) stipulating that my parents retain the right to live in…
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DIY Will - Omissions?
I don't have a Will. My situation is relatively straightforward, so I've attempted to do a DIY Will based of several templates I've seen. In short I want to: - Give everything to my wife (house, cash, investments, the lot) - If she's not around, give everything to my two kids, split evenly - Define who should be guardians…
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getting a caveat of probate removed
The estranged son of my uncle has lodged a caveat of probate against his father's will. They did not speak for 5 years before his death. He has been sent the will and letter of wishes, which clearly show his father's intentions. He is still a named beneficiary of a discretionary trust that is to be set up after probate to…
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Is there an IHT downside to selling a home if parent has moved into a care home?
My dad has just moved into a care home. His wife has already died and he inherited her share of their house. He has a house worth £600k and some savings of £150k. He doesn’t need to sell his home immediately to pay the care home fees as this can come out of his pensions but may as well as he won’t be going back to his home…
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Inherited property
If a person dies and leaves property in their will and the beneficiary wants to sell the house, is it necessary to get the name changed on the deeds before selling ?
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Who pays for repairs?
My father in law died in January. My husband worked with his father and his father owned the property where they worked. The property has been left to my husband but needs repairs to the roof. It was planned for these repairs to be done shortly. Who should pay for these? Surely the property is still owned by father in law…
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Transfer of property after death
I have inherited a property and just want to get the name changed on the deeds etc. All probate and inheritance tax is finalised (by me) I would have liked to have had a go at completing the AS1 and AP1 forms myself to save costs but it looks like I would still have to go to a solicitor for the ID verification checks. Is…
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Distributing deceased estate
Hello,My father recently passed, divorced with no will. I'm the eldest of three sons and being the closest living relative (and as agreed by my brothers) I have started to collect and distribute his estate.I setup a separate bank account to collect all estate assets and followed the guidelines on the .Gov website. I had no…
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Inheritance: Tenancy in Common and having to live with somebody you wouldn’t want to!
I have been friends with an elderly couple for about several years. Both had been married before with children from their previous
partnerships. They owned their home as Tenants in Common with the husband’s
disabled daughter living with them. A year ago, the husband died. His widow was not an executor
of his estate and has…
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Understanding net probate value
Having a go at diy probate. I have used the online calculator. Probate net value is £175,000.What does this means pl? House £350,000. I understand the NRB is £325,000. Also if he has given £25,000 gifts for past 7 yrs, does that mean he has got £325,000 unused NRB to pass to the surviving spouse. Thanks
