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How do I find a deceased’s investments?
A relative died recently and I am executor of her will. The trouble is she hasn’t left any details of where her investments are. Her bank accounts should be easy to find, but how do I find other investments such as shares etc…? I know she definitely had money in various funds. We can’t get into her MacBook to get more…
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Refund
Hi there i have a Empathy funeral plan and have received an email from them that they have ceased practicing as they are not regulated by the FCA. They want to transfer my plan to Dignity. Or if I don’t wish to transfer my plan I can ask for a refund. I have asked for a full refund of all my money and because I have not…
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Urgent advice needed regarding interest only mortgage and death
Hi everyone. My friend's husband has unfortunately passed away quite suddenly and he had no death insurance, they also have an interest-only mortgage that ends in 7 years. My friend who is 64 does not work and doesn't claim any benefits as her husband worked and they managed. Unfortunately, she is now left with a mortgage…
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Will update
Hello. I have a question about wills and was wondering if anyone could offer any insight please. My husband and I got a mortgage around 9 years ago. Only one place would lend and stated we had to both get a will in place. We were not engaged at the time. We set up our wills, and put down that if one passes, the other gets…
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DIY wills any good and recommend one?
Hello, my 63 year old father has asked me to help him with his will. It’s to settle the nerves of his 86yo mother, my grandmother. She doesn’t want anyone creeping out the woodwork who hasn’t spoken to the family for years becoming a vulture. From what I’ve read, it’ll be a straightforward will. He has no property in terms…
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Family Trust
Does anyone have any advice on whether there are any risks with a Family Trust? I live in England, married, Tennants in Common for our property, blended family, Mother had dementia and need care. As I understand it, it costs £3000 to lodge property with Land Registry, as owned by the Family Trust of (whomever you wish to…
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Pros and cons of leaving share of house to child+child's spouse vs just child
For a couple owning a house as tenants in common then what are the inheritance tax pros and cons of the first to die passing on their 1/2 share to a child and the child's spouse vs to just the child? For example numbers let's assume the house is worth £500k and the first person has £200k savings in their sole name.…
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Will Help
Hello, I am just helping my mum choose a company to sort out here will. It seems like Co-op, farewell and "Make a Will Online" are the most popular and there is also discount or free if you use code or links, charity, etc. The will is very simple and just leaving everything to me (son) and nothing to the daughter (The…
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Questionnaires after concluding a financial service phone call
I am sure we have all received a questionnaire which asks "How likely are you to recommend us (on a scale where Likely=10 and Not Likely=0)?" I generally wouldn't do companies' market research for them anyway, but when I do I always give this question a response of 0. I might be being a bit picky, but I thought you…
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Deed of Assignment
I have been dealing with my dad’s estate and have one item outstanding. There was a joint life 2nd death investment bond in dad’s name, which now is payable when mum dies. The terms of the will are that all assets pass to mum, so this policy should now be ‘owned’ by mum. However, the insurer (ReAssure) have assigned…
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Using the Nil Rate Band of a Surviving Partner on the Estate of a Predeceased Partner
I've tried to keep this post as short, if I've missed any relevant detail then I am happy to try to fill in what's missing. My Aunt and Uncle have both died recently with my Aunt predeceasing my Uncle by about two weeks. My Aunt had no children and my Uncle had two children from a previous marriage. As they married later…
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Excepted Estate - IHT 403 still required?
I believe I am correct in that for an excepted estate, IHT 205 form (online or otherwise) is no longer required - but instead the Probate Application Online form includes most of the summary information that IHT 205 generated. Im updating all my prep for Executors for when pop off eventually. I assume in respect to gifts…
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Is a Joint Tenant Property included when adding up assets to work out if estate is "Excepted"
Hi, Newbie here, hope my question makes sense! I am applying for probate for a relative. I am trying to understand whether their estate is excepted or not. It all depends on if the family home held as Joint Tenants is included. The gentleman who died owned his house with his wife and the house is likely to be worth around…
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Valuing estate - joint bank account surviving spouse contributed all the money
Hi all, wondering if someone can give me some opinions on the below situation. Mum passed away recently. Dad setup a joint account in his and Mum's name and the money in the account (circa £50k) was all provided by him at the time of opening the account some 2 years ago or so. As I understand from him, Dad thought that he…
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Planning For the Inevitable. What have I missed?
Here is the scenario, I just don’t want to miss any forms/Deadlines I need to complete etc and have confused myself (not hard) Googling! I am both EPA and Executor. Dad (Alzheimers) & Mum (Vascular) both aged 90 Mirror wills, cash (mainly in joint names or Mums name as she was a non tax payer) and property in joint names.…
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Inheiritance tax and gifts made by parents
I am a carer for my elderly parents and receive carers allowance at the moment. They also give me money which amounts to more than the £3000 pa allowed under inheiritance tax. When they pass away there shouldn't be any inheiritance tax to pay, but how would the tax office know that they have given me this money? When a…
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Tax liability on a second property IHT and /or Capital Gains tax
If a second (rental) property is left in a will and the beneficiaries decide to sell the property before probate are they liable for capital gains tax? I assume the property sale proceeds would then be added to the total estate value and IHT would need to be paid if the value of the total estate incurred IHT. if the…
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As an executor paying bills for an estate
I'm going to start acting as an executor for my late mum's estate soon.I was wondering today how bills that are owed would be paid such as remaining social care bills etc and was reading about an executor account can be opened to pay bills but if you DO NOT have a Grant of Representation an Executor Account can still be…
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Inheritance Tax - another question
Suppose I leave £100,000 to my cousin and the balance of my estate to my wife. Assuming the estate is valued at £1million and no property is involved how much inheritance tax would be due? a) £40,000 b) £ 0 c) £27,000 ie £100,0000 less £32,500 (£325k x10%) @ 40% d) something else Thanks OS
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Probate Office Forensic Team Say My Mother's Will Is Not Original (It Is!)
Hi all. New to this forum. In asking for "additional information", to my great surprise and concern, the probate office asked for a copy of my Mother's original will, even though I had sent this to them in early January. When I spoke to them by phone they said that they had received the will but their forensics team had…
