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Chance of inheritance?
My sibling and I are in our 40s. We are the product of our father's first marriage. Our father is in his 70s and is now sadly not going to recover from a brain condition which has left him in capacitated and in need of care. My father remarried more than 20 years ago and started a new family. Those two children are now…
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What happens if probate wasn't done decades ago?
I'm wondering if my mum ever did probate after my father died in 1999.The house had already been transferred to mum in 1995 and he wouldn't have had much money.I'm hoping around the time of the house transfer that they may have got joined bank accounts knowing Dad was ill and he no longer went out so much. I have read if…
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Rent on property
Hi all I'm the executor of mams will. In her will she allowed my brother who was still at home to stay in the property for upto 10 yrs. It states he nust pay all bill and maintain the house. Can the estate charge him rent on the property for the 10 yrs.
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Trust distribution
Hi I have recieved the below off the trustee, in regards to distribute funds to beneficiary. Can someone please clarify as to what stage the gift trust is at, I am a beneficiary. His update on the status of the Trust’s settlement is as follows : “… our instructions are in the system currently with the provider and…
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Probate and claiming the unused proportion of the inheritance tax nil band
My Mother has passed away and my Father died 20 years ago leaving everything to her. It is an excepted estate with a valuation of under 650,000 if I use my Father's nil rate band. Question 7.4 on the probate form asks if I am claiming on a pre deceased spouse which I am. My question is do I need to do another form or just…
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Inheritance Tax - Transfer of Unused Nil Rate Band Allowance
Hello. I
have read the Gov.UK and other websites relating to Inheritance Tax but am
still unclear about one aspect as follows. My wife died
in 2011, we lived together in the jointly owned property I am still occupying
today which is valued at around £350k. If
I have understood it correctly, based on the current rules, when…
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Property in trust
a little long winded but please bare with me. Fil died and was tenant in common with his dil on a property. Fil died and has left his 50% to his 3 children with general clauses for his wife to live there and maintain property. When she dies it’s to go to the 3 children as he’s left it in trust to them. Now my questions are…
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Malicious administrator
Hi, in need of some advice here. I'm an administrator for a family member's estate, as are two other people. One has been purposefully, intentionally disruptive, running up costs and refusing to sell property which has now been reposessed as a result. We're trying to get them removed and reclaim costs they have caused. We…
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Does HMRC still give you an Inheritance Tax Reference No. even if there is no tax to pay?
Hello, I just received a letter from HMRC in the post responding to me filling out form IHT400. By my calculation, I have no IHT to pay. I filled out IH400 to show the calculation of why I have no tax to pay (the amount goes over the threshold until I apply both the NRB and the RNRB, which takes it under) and also for…
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Not applicable
Not applicable
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Probate forms for isa stock and shares
Hi everyone, I'm really confused. I need to apply for probate for isa stocks and shares only. Which forms do I fill in. I own the property as it was in mine and my husbands name. Any help would be great x
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New Will as getting married
I need to make a new Will soon due to getting married. We both currently own properties in our own names and both have adult children from previous marriages that we wish to leave our estates to. My query is around Life Interest Trust so that if I die first my widow can remain living in my house if she wishes to as that is…
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Gifts over 7 yrs
If the gifts come from joint accounts, are they split 50%? Dad used to give brother £750 by standing order and mum £500 by standing order to grandson from their joint accounts. Dad pension was slightly higher than mim. They are excess from income. Thanks
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Substitute Executor
My sister has sadly passed away. I am the third substitute executor. The first two named executors are sadly not able to act so it is left to me. There is no probate needed. Do the first two executors need to renounce in writing, if so do they need to complete a form or just do it in the form of a letter and does it have…
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Timing of paying Inheritance Tax on simple IHT400 calculation
Hi first time post wonder if anyone can help. Dealing with a close relative's IHT account which is relatively simple. He has property & savings and his gifts in last 7 years are relatively small. I've nearly completed IHT400 and believe the simple IHT calculation is applicable. I can't fathom out from the notes when…
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IHT Query (Joint Tenants)
Hi, I wonder if someone can help me because I’ve Googled this to death (no pun intended) and I’m still confused. My parents own a property as Joint Tenants (worth 700k no mortgage), they are not married. My father also has cash assets to the value of 350-400k. If my father died unmarried would my mother: - Get his share of…
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Valuing Estate
Finding valuing difficult as my partners items are in storage since eviction, all mixed up with mine. I have some key items like bike and clothes, other than that there is around £300 in a couple of bank accounts. There was an over 50's plan that partly paid for the funeral, the cash residue I assume forms part of the…
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Merged: Contacting Creditors and order of priority
This discussion has been merged.
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Overpayment of PIP while in hospital and state pension after death
Hi, My mum passed away in early January, having been first in hospital and then a hospice since early December. During the total time that she was in hospital/hospice, she was paid her state pension and PIP as usual, and then in the period between her death and her account being closed, received another state pension…
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Father died years ago,transferred house to mother
My father passed away in 1999 but transferred the house in 1995 as he had cancer and I suppose he was trying to protect mum.I was going to use her NRB at £325k and had been thinking he would have a NRB of £325k too but the him transferring the home does will that be seen as him using some of his NRB? or does it work…
