-
Transfer of nil band tax rate - completely confused, any help appreciated
Hi Everyone, any help appreciated as my mother and I are stuck as to what to do next for her ref moving my fathers unused tax threshold. Context. - My Father passed away Feb 2023. More by luck than design he was a very straightforward man, joint bank account, joint savings, both Mum and his name on the property. When we…
-
Empathy Funeral Plan
Hi I've just been informed that I will get 4% of my money paid into the plan back. So £1780 gets me £71!!! I am livid. OHaras refuse to answer the phone, emails by OHaras have basically said there's nothing to be done. Where's the money gone? Why didn't Empathy inform me they ceased trading? Surely this is criminal? I'm…
-
Family home is willed to myself and to brothers. Can I Buy them out and Rent it back to them?
Hi all. My mother recently passed away leaving my father and brother in the family home. We also have a Step brother and the 3 of us are willed the house. My brother wants to continue living there after our father passes, so I'm trying to figure a way this could be done as he is currently on the sick and not working and…
-
Deceased parent beneficiarys help!
Recently lost my dad at a devastating age and I need some advice please. Dad had 4 children, 3 biological and a step child. He isn’t on anyone’s birth certificate and we never amended it or changed the birth certificates. He has a good pension pot and worked throughout his life. He didn’t have any nominees on his pension…
-
IHT, gifting and taper relief.
In dealing with our late mum's estate I made the assumption that some cash gifts that she gave to her grandchildren over 5 years ago would attract taper relief. However HMRC have told me that this doesn't apply since the total value of gifts made is less than the NRB available- in this case £650k. Whilst I have no reason…
-
Probate - is there a spreadsheet template?
This discussion was created from comments split from: Templates for executry accounts and agreements?.
-
About to send C1 form
Hi again everyone, I have (I think) filled out the C1 form but wondered if anyone can tell me if I have completed it correctly please. See redacted copies. I finally have the original Will and original deeds so ready to try this with the Sheriff court. Any help would be greatly appreciated. Sorry pages are a bit jumbled. I…
-
Inherited Property
Going to try and keep this short and sweet… my grandmother died in 2017 she left the house to her two children, one being my father. My father bought his sisters half of the property and paid her off… sounds easy right..? Now, my father has recently died leaving no will. Turns out he never registered the property into his…
-
Inheritance tax for those who are single, childless
Hi. I'm trying to understand the proposed inheritance tax changes for pensions and the impact on people who are single and childless versus married people with or without children. My initial understanding is that, should the changes go through, the inheritance tax threshold for single single people with no children will…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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.…
-
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…
-
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…
-
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…
-
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…
