-
First time buyer status
Am reading conflicting information. Husband recently died and his will created a trust. He left 50% of his share to the adult children and a life interest to me. My son is looking to buy a flat, will he still considered a first time buyer if I add his name as trustee and beneficiary on the title deed. I am not sure whether…
-
Leaving it organised checklist
My mother is a bit overwhelmed by all the paperwork she has. We are happy to help but I was wondering if there was a checklist to download to keep us on the right track so that it is organised for when the inevitable happens.
-
IF1 form needed but stuggling to find someone to do this
Hello, Just found the when my father passed the morgage complany - Bristol and West did not transfer the title deed into my Mothers name ( sole benificary and named in Probate). They registered the probate and removed themselves from the deed. I can complete the AP1 and AS1 but need to get her Id verified. Tried the Doctor…
-
Dealing with parent's estate - should I use a solicitor?
This discussion was created from comments split from: Anyone here acted as an executor of a will?.
-
What happens to a property trust should the survivor unilaterally decide to downsize to diminish his
Me and my wife want to set up a property trust leaving half of our property in trust for our son pending us both dying and leaving everything to him I'm wondering What happens to a property trust should the survivor unilaterally decide to downsize to diminish his half?
-
Anyone here acted as an executor of a will?
If so, how was the process? How much work was it? What was the level of 'fear' in ensuring it was done correctly?! What 'guide' did you use to ensure it was done correctly? Did anything go 'wrong' and need extra work to sort?! Or did you say, sodit and engage a solicitor?! Thanks.
-
Tax rebate cheque arrived after approving financial figures for solicitor doing probate
That tax rebate that I mentioned with the cheque titled wrongly,that arrived at my home after I had already approved and signed off the solicitors draft of financial figures on Friday morning for my mum's estate and took them to the solicitor.is it a problem that the figure about £500 hasn't been included in the estate…
-
Got tax refund for mum,right name but wrong title
A tax refund came for my mum's estate this morning and is very welcome and was quick but the cheque has me as a MRS with my correct initial instead of MR against my name on the cheque to be paid.Would this be able to be paid in some way like that or is it just a case of ringing up HMRC to get another cheque sent out,I hope…
-
Private Pension Provision for grown up children
I am an executor of the will of someone who has private pensions. She has two 20 year old children. They are mentioned in the will and 90% is left to them and the other 10% goes to her godson who is not a blood relative. I've read that it goes to the children but will 10% still be able to go to the godson?
-
Gifting nightmare
My father in law recently passed so everything will go to
the mother in law . So she’ll have the house £320K and his Money £100k and her own
money £80k. Once she passes it will be split 3 ways my wife , her sister
and brother My mother in law wants to gift £40-80k to 4 of the 6 grandchildren
in the next few months. :s It…
-
IHT403 Gifts in the last seven years and Gifts as part of normal expenditure out of excess income
Hi everyone, I'd really appreciate some guidance regarding IHT403, specifically relating to gifts made in the last 7 years and these gifts falling within a pattern of normal expenditure out of excess income. 1) Do you have to list gifts made out of excess income in the Gifts made within 7 years before death section, and…
-
Probate contacting witnesses due to will not being bound together
Hi I recently applied for probate as the executor to my father's will and the sole beneficiary. The will was done using free wills and all pages were numbered but I sent the will to probate just paperclipped together. Last night they acknowledged receipt of my document, then 2 hours later received another email asking…
-
Octopus Legacy Wills and Power of Attorney
Please move if in wrong place Im with Octopus Energy and they have offered me a free Will and to prepare both the financial and health power of Attorney for £60 in total. i don’t have a basic Will, so I’ll be taking them up on that, but how difficult is it to prepare the Power of Attorney from the .Gov uk website? Should I…
-
Great Uncle gifting gold coins to children - what documentation?
My Uncle (who is in his 80s) wants to gift some gold sovereigns to my children (aged 10 and 13). He has already bought some sovereigns and he has all the receipts. He makes other cash gifts every January and already uses up the £3,000 annual IHT gift exemption on these. The reason for gifting the sovereigns to the children…
-
Retirement Bridge
This discussion was created from comments split from: Retirement Bridge?.
-
Annual gift Allowance
Unfortunately although generally well organised, my late father didn't explicitly leave documentation for the gifts he made so I've had to plough through seven years of bank statements. Before I start to put together the probate form, I'd appreciate some confirmation on a couple of points. Firstly, if the money has come…
-
Residuary beneficiaries
I am executor to a will where residuary beneficiaries are named as married couples, I.e. ‘20% to my nephew Jo Bloggs and his wife Sarah Bloggs’. Do I pay them 10% each? Also one of the couples have since divorced - does this affect anything or does their share still just get split the same? Thanks in advance.
-
Removed staples from will to scan then restapled
I have made a stupid error,I had 2 pieces of paperwork 1 of them my diseased mother's will and 1 of them a renunciation codicil given to me by the solicitor after I asked them to step down as executor.I was scanning documents to send to utility companies after mum's death and was took the staples out to scan more easily in…
-
Will with Trust
I am in the process of having a husband and wife (mirror will) will drafted by a local solicitor (not steps). Because my estate is over a six figure sum, she has proposed that I have a trust set up to contain the Nil Rate Band of £325,000 and Residence Nil Rate Band of £175,000. This trust would protect this part of our…
-
Grant of confirmation - additional documents
Hi guys, I've been using some of these threads, predominantly those supported by @buddy9 to complete the c1 inventory form to help me obtain a grant of confirmation so that I can sell my late mother's house Both me and my brother are will executors with equal share of estate. The house is worth £75k... And moveable assets…
