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Leaving house in trust
Hi, we have two children and when my husband and I pass this will be left to them to share equally. We are in the process of buying a new house. Would it be beneficial at this stage to put this into a trust for them now to save any issues later or are we just better leaving it in mine and my husbands names and it will…
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Lifetime donation to charity
If I donate, say £10000 to a charity, I understand that it will not be counted towards inheritance tax calculation and not affected by the 7 years rule. Does the amount need to be included in IHT400 at all?
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Inclusion of inherited property and chattels in estate calculations
My mother died recently without a will. My father is the surviving partner. Their house was inherited by my father from his mother. My father and mother were already married and they moved in to the house 6 months after my father inherited it, selling their previous home. We have the deeds, the house does not appear on a…
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Inclusion of inherited property and chattels in estate calculations
My partners mother recently died without a will. We are preparing for probate (Letters of Administration) and IHT. The house in which they lived, and the father still does, was inherited from the fathers mother and never put in to joint name. We have the deeds but the property does not appear on a Land Registry search. As…
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Scotland: distribution of estate
I fully appreciate this is, in many ways, a 'how long is a piece of string' question. Although I've acted as Executor and completed probate in other jurisdictions, I'm not familiar with the Scottish system, so my expectations may be all wrong. Confirmation was completed in November 2024, property sale was finalised in…
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probate fees transparency
I am planning to do the actual probate application myself (for all the good reasons listed on here) but think I need some help with the RNRB claim (including a transferred one) and getting the resulting IHT forms right even if there is nothing to pay. solicitor wants £500 plus for meeting to discuss this and advise what…
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Cost of Will
Hi an elderly relative has asked me to sort this and given me an advert froma local paper that is a legal will writer in the local village. They will visit and doit and charge £150 for a single will. Does this add anything from just doing it herself. Its a very simple will to leave everything to children. I also realised I…
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House sale pre-death, Sold post-death
Hi, my FiL died on the 6th of July this year. We had the house on the market and the sale was proceeding when he sadly died. The house completed on the 29th of August and the funds are now in an account administered by the trustees. Do I value his estate with the house or with the money that has now been received? I…
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Dreadful will service
Good afternoon, I am looking for any information to aid my decision making on whether to accept the current refund offered to me from a solicitors for a will service. Around January 2025, my husband had a phone call from our solicitors letting us know that when we married, our wills we got beforehand were now void (we…
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Family member refuses to complete IHT403
Hi. Looking for a bit of advice please. I am helping my partner (executor of her fathers will) pull the financials together. As it stands the estate is under the £325k threshold. However we have recently discovered her father made some substantial gifts to two other family members within the last 3 years. It is quite…
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Income and Dividend taxes
Hi all, Looking for a little bit of guidance/confirmation on estate taxes (not IHT) liable on gains/losses between the date of death and the date of final distribution(s). Due to the sums involved it's likely there will be tax owing to HMRC at some point. My understanding is that we will have to pay tax at 20% on any…
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Power Reserved
Hi, I am currently completing probate online. There are 3 executors. One of them lives in Greece and does not want anything to do with the process although he does want his part of the inheritance which is split equally 3 ways. It is very difficult to contact him and we have no idea about his address. On the probate I can…
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Online probate submission - documents to be sent
Hi, I have now completed the probate online. At the end it asked me for the cover sheet (done) plus the original will. This is just a panic from me. Do I need to send anything else such as a death certificate? thank you After the help on here I was very surprised how easy it was. thank you
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Putting half a house in trust to avoid partner having to sell
My partner and I are married and recently starting looking at our wills. We own our property outright and and wish to prevent the situation where one of us may go into care and the other if left with a massive bill or be forced to sell our property. Just to be clear we have no objections to selling the property if only one…
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Larger car purchased
My FiL gave us some money in 2024 when we were about to purchase a new car. He gave it to us to purchase a larger car (not one we would have bought) so we could continue to take him each week to see his wife in long term care. Due to his disability he could no longer get into our small car and he needed to use a wheelchair…
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C1 confirmation form Help
Hi. I've been looking through loads of pages on here regarding filling out this C1 form but I feel like I've been looking so much that its all getting too confusing. My situation is that my dad passed away a few months ago. We had a hand written will written back in 2024. I wasn't sure if it was valid but a solicitor…
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How To Find Out If Property Put Into A Trust?
My father is 92 and in a dementia care home. As well as owning the family home with my mother, he owns a shop with flat above in his own name that is rented out. Many years ago my father told some friends that the rental property had been put into a trust - though he never directly told me or my brother this information. I…
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Inheritance tax when a beneficiary lives abroad
If there are three beneficiaries named in a will and one lives in Australia, will the two that live in the uk only pay tax on two thirds of the estate as the tax is not payable in Australia ? This would likely exonerate them from paying the tax as it would be a lesser amount.
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Does renting out the family home affect eligibility for RNRB?
My parents are both in declining health and my father in particular has quite bad demetia. As such he will certainly be going into a care home soon, and with limited mobility and a large house, my Mum would like to go to a retirement home at that point as well. They are well off and can fund all this privately from…
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Reporting an estate's income to HMRC
Our lawyer will deal with the reporting of my late father's estate income to HMRC and I know where we stand with respect to interest and dividends. However can I just clarify the position on his Shares and Property please? Total value of shares at date of death was £11,315.08. Total value on sale was £12,426.85 so a slight…
