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Help please with probate/ Letters of Administration claim
Hello ,I really hope someone may be able to help or advise with my situation .The basics facts are these -my father died in 2013 leaving no Will and his only asset being his house that he owned with my mother as joint tenants .As the house passed automatically to my mother there was no probate and the house was simply…
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Gifts and the seven year rule
I am thinking of leaving a subsiantial gift to my grand chilgren, and I would like to keep this a secret until they are 25 years old, when I will probably be dead. I do not want to tell anybody about this, (as I want them to have a nice surprise), and just leave a note with my will telling my executor where the gifts can…
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Posthumous inheritance and subsequent IHT
Pls can I ask a question. This isn’t for me but for a friend and I couldn’t find the answer online so hope you can help. If they didn’t use all of the £650k on their last parent’s death and then posthumously that parent inherited a property and assets which then came to them (following that parent’s will), would they now…
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Inheritance tax and marriage
A hypothetical question...I understand that an individual has an IHT allowance of £325,000 and if they are married and then die (or their partner dies) the survivor can inherit the dead partner's allowance, thus giving them an effective allowance of £650,000. And yes, the allowance can be greater if direct children…
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Possible Executor of an Insolvent Parent
Hi All This is a conundrum! I hope someone can help with. My father has passed away leaving a fair old mess behind. If he has an estate of about 300,000 but has a HMRC bill of 750,000+ What might happen I wonder, will HMRC go after the estate and take all what it can? Leaving a zero balance and deficit? We have not done…
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Understanding a Will
My father-in-law passed away three years ago. The estate went through probate. The executor has never acted on the instructions in the will. Can you see any reason why the clause above should not have been paid? The only other beneficial is his wife (the executor).
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Independent Executor Bank Account
To date I have handled estate expenses via a personal non-interest bearing bank account in my name. I expect Probate to be granted shortly and a significant sum will be deposited. Ideally I'd like to move the funds to an interest bearing account which would be completely distinct from my own finances. That way I can show…
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My wife and i have just changed our house tenancy from joint tenants to tenants in common
My wife and i have just changed our house tenancy from joint tenants to tenants in common, as part of our will to our one and only son, and now we are wondering whether this will affect our inheritance tax allowance??
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Any need for a will in a very simple setup?
I've spent quite a bit of time reading through the reasons for why one needs a will and, though they all make a lot of sense, most of them apply to lives more complicated than ours.For a married couple with no children (and none by former partners, no overseas property, etc etc), are there actually any benefits if we'd…
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Probate Needed?
Hi, my Dad passed away in 2021 and left his half of the house in trust. This is to be split between various family members on my mothers passing. Should we have gone through probate? All other monies were in joint names with my mum. Thanks in advance ☺️
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Inheritance tax allowance
Can somebody please advise me? If a widow with no children or grandchildren, who inherited her late husband's IHT allowance, then dies, leaving her estate to nieces and nephews, what will her IHT allowance be? I'm assuming £325,000?
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Probate - apply to whole estate?
I've searched the forums and can't find the answer so please feel free to point me in the right direction if you know there is already a post about this! My Best friends father has recently passed away. He did leave a will so that's fine. His total estate is under £40k. He had a couple of life insurances, both with the…
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best process for transfer of car keeper?
advice on this scenario would be most welcome for hassle reduction. car registered keeper is deceased, executors/beneficiaries want to keep car at least for a short time. Insurance ok as is a second car on a living person's policy, although will advise insurers. V5c available. I recall from last time that using 'tell us…
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C4(S)Scotland Fee
Hi, I have completed a C4(S) Scotland form for additional assets omitted from the original inventory declaration. This is simple and I'm doing this myself. No change to Estate Tax situation. I've tried contacting the Sheriff Clerk department where it's being sent to but I can't find an answer to what fee I pay, if any.…
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Dividing an estate in two where there is more cash than property value
Apologies, this is a bit of a post bump, but didn't get a lot of response last time and interested to hear any views before proceeding. I'm the executor dealing with my mum's estate. She had a house she owned outright and and cash/investments worth a bit more than the value of the house. There are two beneficiaries, myself…
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How to sign if you can't sign?
A close friend has asked me to help them prepare powers of attorney as I have recently done them for us. The problem is that he is now severely physically disabled and cannot use a pen to sign anything. There is some arrangement in place that allows a family member to sign cheques etc but this is limited to the one bank -…
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Parental home proceeds to children via surviving parent
Mother sold the parental home on step fathers death (below IHT threshold) and shared part proceeds with children (30K each) just under 3 years before her recent demise. Whilst I believe such proceeds direct on death of one parent may be Nil Rate, this was indirect? and may be seen as PETS (potentially Exempt Transfers)…
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Deed of Variation
I have an inheritance. I wish to complete a Deed of Variation for three people. I wish the amount I leave to each person to differ as once person is more in need with children. Does one person necessarily be shown what the other person is receiving. Is the Deed of Variation one form or can it be two individual forms?
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Royal Mail lost IHT forms - next steps?
Hey all. I posted IHT forms via Royal Mail Tracked. After over 2 weeks, they have not been marked delivered. The last tracking was that it was in "North Midlands MC" Despite being a tracked service, RM have been extremely dismissive and unhelpful - they don't know where it is and assume it is lost. HMRC have not received…
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Length of time for probate for death of a foreign domicile
Hi, Does anyone have any recent experience of timings for probate when the person who died was domiciled abroad? (France in my case). Just wondering really what sort of timeframe others have had so it might give me an idea. I reached my 12 weeks just recently and called them. They have the file but all foreign domocile…
