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Should pensions be included in a Will?
Hi,Not sure if this is the best place to ask.We are in the process of updating our Wills, and with the proposed changes to bring pensions into scope for IHT in 2027, I am wondering if pensions (SIPP's) should therefore be included within a person's Will?Does anyone know if solicitor's are routinely including pensions in…
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Capital Gains Tax on Estates
Does anyone know if the individual CGT allowances of an estates beneficiaries can be combined to offset any CGT that may have arisen during the estates Administrtatiion period?
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Copy of will - IHT 400
Hi . I was just reading on a recent thread that the IHT office had questioned a copy of a will that wasn’t stapled and just loose leaf paper. I have photocopied my Dad’s will - should I staple it ?!
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Contact IHT 400
Hi folks . I’m due to go on a trip to Nepal for several weeks in July . I’ve submitted IHT 400 and all the schedules - If there are any queries from HMRC , does anyone have any experience of how they contact you ? My sister is co executor but has no clue as to how the IHT works . Do they write or phone and is it only the…
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LPA and Executors
My brother was my mother’s LPA and she registered two different executors one of which am I . we are trying to read her will but the LOA is refusing to provide us with any details of any records of the management of her funds and says her estate is zero. When he was LPA he had all her pension and benefits paid to himself…
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IHT400 & IHT418
Hello, I'm hoping someone can help. My mother died 7 months ago and her Will placed her half of her property in an IPDI trust. My father continued to live in the property until his death 5 weeks ago. The property now will be passed to me as their only inheritor. The property is worth well over £1M so IHT is an issue. Full…
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Executor Has Disappeared
Wondering whether anyone on here can advise what happens when someone dies leaving their entire estate to a single person who is not only the sole beneficiary but the sole executor? Asking because said person has disappeared. No-one knows how to contact them, last known address appears to be false, no replies to last known…
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Paperwork of deceased to keep, throw, shred
Hi, After clearing out the house of my parent who died earlier this year, I am going through the multiple bin bags of (paid) billls (some dated 1993!), bank account statements, council tax demands, MOT and tax for cars since scrapped, state pension statements etc.... I luckily found the fensa certificate for replacement…
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Inheritance Tax Allowance
Hi, We (two siblings) have recently lost both our parents and are trying to deal with their estate. Our mum died in June 2024 and our dad died in May 2025. Due to our Dad's ill health after losing Mum, we had not dealt with Mum's estate prior to Dad's death. Neither parent had a will. We have the following questions: * Do…
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Executor/joint beneficiary wanting to buy property
Hello my sister who is executor of my late mom estate is wanting to buy property we both inherited. I do not wish to sell to her privately and wld like property to go on open market ( it's complicated relationship!,). Can someone plse advise how/ if I can do this, she has been ordered to sell both properties on court order…
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Power reserved on probate
Hello I currently have power reserved to me as executor, can anyone advise on how i can apply to become joint executor
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Distribution of assets - Executor account required?
I am dealing with my late father's estate. All assets go to surving spouse, and no IHT is due. However there may be a couple of bills to pay around 1-2k each: (1) Income tax for the period before death (2) repayment of local government pensionSo is it necessary to keep say 5k in reserve in an Executor account? Or can…
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Monthly gift for grandchildren's education- IHT
I give a monthly gift to my son's family towards the children's education, out of my income.As my Estate would be liable to IHT would this be counted as a gift each month from excess income or is it better to make an annual gift out of income?I already use the allowed IHT allowances each year.
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Tidying up, ready for my executors
I have just about completed executing my late husband's estate. This is included registering an IPDI Trust on our property which was held as tenants-in-common. which was done via a solicitor. The paperwork is all in place. The property will need to be sold when I die so that my children and my stepchildren can receive the…
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AS1 or TS1 when property already registered to the executor?
Thanks for comments, question removed.
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Proceeds of will payout
Hopefully someone here can help out. My mother died at Christmas; I had power of attorney granted prior to her death, am the sole executor of the will and have grant of probate to sell her house (dad died 10 years ago). Mum's will names 3 beneficiaries, me and my brother and sister; all proceeds are to be split equally,…
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Access to saving account and stocks & shares ISA
Can an executor have access to a deceased person's cash in a bank account or stocks & shares ISA before paying inheritance tax? Thanks.
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"Thank you" to contributors
A big "shout out" to all those who have taken the time to answer the multitude of questions posted here.I've been reading the various comments and explanations - they have helped me understand and DIY Probate (admittedly not a complicated will/estate), and also plan what my wife and I ought to ask for when getting our own…
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IHT - gifts out of surplus income - husband & wife pooling all income & expenses - evidence required
Having dug around for an answer to this, I’m afraid I’m stumped. It keeps cropping up in various places, but no one seems to have the definitive answer. This situation involves a husband and wife who share all income and expenses absolutely equally. All income goes into joint accounts, and all expenses go out of joint…
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Registering a Will Trust as Trustee
Good morning everyone, I’m hoping that someone here is able to offer some advice. I am a Trustee of an IPID Trust and have been trying to prepare the paperwork in order to lodge a standard Restriction A on Title to protect the interests of the beneficiaries. I have completed the following documents: AP1 and RX1 for the…
