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tax
I what to live my house to my daughter with a revise that it
then passes to surviving grandchildren dose this course a tax problem they are
6 grand children at this time 4 children to daughter house is being left to and
2 of her sisters
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Some probate and Will questions
My step-dad died a year ago. Before he died he changed his will. This involved severing the tenancy on his house (moved from joint tenant with my mom to tenancy-in-common - 49% his side and 51% hers). However, he took her off as executor and two his children became executors and trustees. She is not mentioned in the will…
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HMRC Inheritance Tac Clearance Certificate / Can Estate Beneficiary Contact HMRC about the it being
Hi, The executor (individual) on my fathers estate has been very unhelpful throughout the whole probate/IHT process to the point where I now feel like I need to contact HMRC to see if the IHT clearance certificate has been issued. For context my father passed away in spring 2021 and probate was issued in spring 2022 yet…
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Help on completing C1 form for Confirmation of Estate
Hi, like almost everyone on here I do not want to pay a solicitor for the administration of confirmation for my late mums estate and I see that this forum has been excellent at providing help and guidance, particularly guidance provided by @buddy9. I am hoping someone can assist with the following: 1. I am executor…
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Wills and IHT threshold
Hi, I am in the process of updating my will due to the amount of IHT my daughter will have to pay. My assets, include rental property, jewellery and my residential property, amounting to circa £650K. Do I specifically need to include leaving my home to my daughter in my will in order to increase my IHT allowance from £325k…
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Inheritance tax and life interest.
Hello all, My father in law passed away nearly 4 years ago and the solicitor dealing with his estate has made the process so complicated and upsetting with mistake after mistake. Probate was finally passed in February, the solicitor then admits they have overpaid the inheritance tax by £90,000 and 7 months later we are…
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Using the same text from an old will to create a new one
I have a Will drafted by a solicitor 10 years ago, signed and registered with the National Will Register. Things have changed and I now need to update the beneficiaries, the executors and the percentage split of the assets. I don't have children so it will go to other family and charities. I do have a niece with…
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Registering A Trust
Have been trying to do this for a couple of weeks but the link does not appear to work and HMRC are worse than useless as they say they are unable to help. Can anyone let me know how to set up the trust for a savings plan and what details are required to dod so. Thanks in advance.
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Can a will be ignored if no beneficiaries ever challenge it?
A recent bereavement in the family has made me query this issue but it’s more of a general question. If the executor ignores the will and no beneficiaries ever challenge it, what happens? From what I’ve read, it seems that the law allows the executor and/or next of kin to distribute property, money and other assets as they…
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Will Advice
Not sure if this is the right place to post this but I'm just after a bit of advice about setting up Wills. I have a free Will service benefit through my employer and had a couple of meetings with the solicitor but at the end it felt like a sales pitch trying to get us to pay for extras like setting up individual trusts…
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Inheritance tax on charge on property
Wondering if someone could point me in the right direction. I’m in the process of buying a house using a gifted deposit from my mum (who is thankfully alive and kicking). A legal charge is being put in place as part of purchase agreement for full repayment of sum. The plan is to remortgage in a couple of years with my mum…
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Inheritance Tax changes in the budget
Can anyone please help - I can't find the answer anywhere. As a result of the budget pensions will come within the scope of IHT and therefore my children will suffer 40% IHT on the unused capital they will inherit within my pension. Will it still be the case that if I die after the age of 75 that they will pay their…
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Understanding Letter of Confirmation (First Timer)
Hello, Looking for any advice as a first time through this process. Father died in early July and we left behind a small property in Scotland and a
small balance of 80k. Will clearly defined myself and 1 sibling as executer and
myself and 2 siblings as sole beneficiaries. Due to the amount we have had to go through…
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Probate
If a house is registered in a daughter’s and mother’s name. If the married daughter dies, does the mother inherit the property or does the husband inherit. Any advice would be appreciated.
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Land Registry AP1 form help
Hi, I apologise in advance if my questions have already been asked and answered. I think it’s more to the fact I just want to make sure I have everything correct before I send everything. If anyone can help I’d really appreciate it. My Mother has recently passed away and she's left her property to myself and my children.…
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Choosing a Probate Solicitor
I am struggling with choosing a probate solicitor. Normally, when I buy a service, I have more information to go by, but in this instance I feel I am shooting in the dark. Some information about the estate. Total value, after debts, is probably about £600K. I am the sole beneficiary, the executor and there are no other…
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Executing a will where there are existing trusts created by the deceased
My father died earlier this year and I am an executor for his will (along with my mother and siblings). Most of his estate is straightforward and well documented, and his will was very simple, with my mother inheriting everything (so no complications with IHT). After doing some research on the process (including some…
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Death / End of Life Planning
Bit of a weird one here, but hoping people may have advice. TL;DR - how do I plan best to make things simple when I die? I'm 53, the last of my known / close family. My partner and I don't live together; he'd pick up the burden though if / when something happened to me. I obviously want to make this as straightforward and…
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Original copy of Will - returned with Confirmation?
I am just about to apply for 'Confirmation' (i.e. the Scottish equivalent of Probate), and my question is: does the Sheriff's Court permanently retain the original copy of the Will which I need to submit to them, or can I expect them to return it to me, along with the Grant of Confirmation? I'm asking, since I want to know…
