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Transfer on Death?
Have had a good friend pass away a few weeks ago. When alive she advised me and it would now seem another that she had invested money in our names (she told me she had done this for a few individuals) and that when she died her financial advisor was to make contact fairly soon after to pass these to us? She advised she did…
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Pension Death Benefit to paid into deceased's estate - will this make it subject to Inheritance Tax?
My long-term partner died earlier this year - she was under 75 and had a private Defined Contribution pension. The scheme trustees have decided not to pay the death benefit lump sum to the nominated beneficiary but propose to pay it into the estate instead. The total value of the estate is above the nil-rate band of…
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Probate - Is It Necessary?
I am trying to assist my executors, who wish to DIY my
estate in the event of my death. My circumstances are: I’m married, our home is
held in Tenants in Common but because of my previous divorce I wish to leave my
half of the property (house total value – around £800k) in trust to my 2 children. Apart from the house I…
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C1 Confirmation in Scotland - Queries
Hi Folks, I was hoping that someone could offer some advice before I submit the C1 form. I have a couple of queries. I'm fairly happy with content but wanted to confirm a few points. I am the executor nominate. The total is way under the inheritance tax bracket and is classed as a large estate. Four main items in the…
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Probate and valuations
My mum's estate is believed to be an Excepted Estate One of the main things that I was asked was to get a Market valuation for the house. I have seen people mentioning getting 3 valuations on the net and it makes me wonder if I need 3,I suppose I may have to send an e mail to the solicitor to ask them and get charged for…
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IHT question
Hi My father has recently passed away and I am tasked as one of his executors to sort out his IHT. My mother passed away in 2020 and she passed all her money and share of the house to my dad, however there were a few items of jewellery that she detailed to be passed to various family members in her will. They didn’t have a…
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Probate renounce solicitors
Long story, cut short. Mum passed away in December 2024. Small estate as property had to be sold to pay care home fees. I've approached solicitors asking them to renounce executorship its easy to do ourselves. However, my brother (a main beneficiary) doesn't want to be contacted, not been seen for 2 years apart from the 5…
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Money has just been paid in to my account after late mum's account closed,carer's allowance issue?
Money had just been paid in to my account after late mother's account closed after her recent death as the account was below probate limits. A payment of carer's allowance has also appeared from the 8 week run off period has also appeared in my account,should I be concerned about still getting that run off payment or…
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buying out sibling of her share of house
Hi wonder if some of you could help me, my mother passed away in june 2024,and myself and 2 sisters were left in the will for equal shares of the house, i,m the sole executor and i wish to buy one of my sisters out of the her share, and just have myself and my other sister on the title deeds, the buy out would be by cash…
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Rent received for my late father’s house
My father had not lived in his house for 2.5years as he was in a nursing home. Last year it was rented out to help with the nursing home fees. We intend to submit a tax return for him up to April 2025 to cover the rent that the estate will receive since his death in January. My sister and I have inherited the house but…
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House valuation for IHT/Confirmation but with possible CGT implications
Dad passed away last month and my brother and I will be selling his house once Confirmation has been granted. As well as Executors of dad's estate, we also own half the house which was left to us as part of a Liferent Trust when Mum died last March. We are just trying to consider the best way to get a valuation done for…
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Inheritance tax 2nd installment
Hello, My mum passed away and I received probate last year. I am paying the inheritance tax in installments and it is now under a month until the anniversary of my first installment. I understood that HMRC would write when my second installment is due, but I haven't received anything. I've tried calling their inheritance…
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More questions about LPA
I do have a friend who I would trust to do LPA for me but she's only ten years younger than me. If I live to be 90 she will be 80. What happens if you set up and register a LPA and then the person appointed dies or becomes incapable before you do? Do you have to start all over again? What if I have a long term incapacity…
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Probate Form
Hope someone can clarify Question 2.13 asks about relatives legally adopted. Above the question it states 'only answer this question if no executor to the will is applying' Does this relate to this question or the question above re land. Thank you
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House valuation when house sale will be needed to pay IHT
Hi there, I am executor for my father's estate and his house value means that the estate will be well above the level where IHT is due. However, until the house is sold, the estate will not have sufficient funds to pay for the IHT. I'm aware that the IHT can be paid in instalments over 10 years with the first payment…
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Updated will found
Hi, Asking on behalf of my brother (based in Scotland) His girlfriend passed away then her mother passed too. Her dad passed several years prior. The solicitor had said that the estate was intestate and began to identify cousins. The solicitor has almost completed finalising the estate and has found a newer will. It was…
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Transfer of title deeds after death of partner
Hi everyone i have recently lost my partner (not married) to cancer. We owned our present property jointly and I now wish to sell the house so that I can move on I have probate and was the only beneficiary in his will with no one to contest so it should be fairly straightforward does anyone know if I can do this without a…
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Bank statements for the deceased
I am the executor for a family member's will, and all their bank statements are online. The amount the bank holds is big enough that the bank want probate first. Are they obliged to release bank statement details to the executor? I've requested via post but not had any response, and really need sight of the bank statements…
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IHT - utility account transfers - credit balance impact on estate?
Box 76 on IHT400 includes "any refunds from gas, electricity or water suppliers". I'm wondering what the position is when the utility accounts were held in the deceased's name but are then transferred to their spouse's name after death. There is no refund as such to pay to the estate, but the electricity account, at least,…
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Is this good advice from local company dealing with probate?
Husband died recently and heft his 59% in a will trust giving me life interest.Am one if the trustees with two adult children. I emailed this company and asked I did not have to do probate but on my death whether probate will be required for him to be able to claim his nil rate band . This is the answer I got As he left…
