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Distributing deceased estate
Hello,My father recently passed, divorced with no will. I'm the eldest of three sons and being the closest living relative (and as agreed by my brothers) I have started to collect and distribute his estate.I setup a separate bank account to collect all estate assets and followed the guidelines on the .Gov website. I had no…
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Inheritance: Tenancy in Common and having to live with somebody you wouldn’t want to!
I have been friends with an elderly couple for about several years. Both had been married before with children from their previous
partnerships. They owned their home as Tenants in Common with the husband’s
disabled daughter living with them. A year ago, the husband died. His widow was not an executor
of his estate and has…
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Understanding net probate value
Having a go at diy probate. I have used the online calculator. Probate net value is £175,000.What does this means pl? House £350,000. I understand the NRB is £325,000. Also if he has given £25,000 gifts for past 7 yrs, does that mean he has got £325,000 unused NRB to pass to the surviving spouse. Thanks
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Grant of Confirmation - Airdrie Sheriff Court timelines to issue once granted
Does anyone know how long from taking payment to dispatching. Called Wednesday 27th to take payment and I opted to collect, advised they would call once ready but caller didn't know how long it took for printing, haven’t heard anything and don’t know if I should chase.
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Family Protection Trusts - why not?
These dangerous structures largely sold by unscrupulous FAs , frequently come up for discussion in this forum. Below is reporting on misselling of such 'trusts' but this time on a truly industrial scale by a Scottish firm of Solicitors -…
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IHT - on gifts & transferred spousal relief
The attached shows the IHT calculation for the following scenario as entered on the .Gov website: Husband & wife live in a house worth £400k (tenants in common ownership, each having a 50% share) Husband dies leaving the house and his other cash assets totalling £90k to his wife (£85k in his own sole bank account + £5k…
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Executor - how to 'oblige' parties to hand over info and items?
Hi. Not me, but a friend.She's the executor of a late-friend's estate. She's getting all the info together to apply for probate, but it's become clear that there are some folk who have had dealings with the deceased - loans, and suchlike - and others who have possessions that they took from the deceased's house that they…
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Property valuation for probate
EA valuation £350,000 to £375,000. A house nearby sold at £365,000 without garage only drive way. Mine has got a garage attached to the house. I was going to get three valuations but have been put off by one EA who did not turn and did not bother to ring. I am going with just one valuation, shall I declare the lower…
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Mothers IHT Threshold
I know the answer may not be simple, but wanted to get an idea on mother IHT liability. Her are the facts as I know them: Husband died 2002. I deed of variation put 50% of the house in to the 4 children. Tenants in Common arrangement. Land registry document states ownership as mother and 4 children. Mother has now passed…
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Personal indemnity insurance after death
My father, who was 88, recently passed away and i am the sole executor of the estate. He was a self-employed accountant who had been slowly winding down his clients over the last few years and stopped practising in 2023 (although i think he still did a couple of very small jobs in 2024). I believe we still need to have PI…
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CAP A5C FORM
Please can anyone help me complete this form. The probate has asked to complete this form and return it. my late father only left a house in his will to my mother since my mother has passed away (left no will) and then to me. Applied for probate after my mother's death. The probate received a clause that I'm the executor…
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Family executors unwilling to start probate
My step-dad passed away the back end of 2023 and in his will he named two of my step-siblings as executors in his estate. When he died one of my step-siblings told my mom that they were going to apply for probate. Believing this was true she has patiently waited for news and occasionally tried to stay in touch for updates.…
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To Trust or not.
HELP! I have read many threads on here but none really cover my question so please excuse me if I have missed something. Dad passed away around 21 months ago and his share of his and Mum's house went to my sister and I. So Mum owns 50%, My sister and I own 25% each. Various friends, including a retired Accountant have…
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Being mislead by stonemason?
Hi All, I would like a view on this matter. I contacted the stonemasons that crafted a cremation stone for my late father back in 2000s. I asked them for an estimate for retouching a few letters and adding a new inscription for my mother. The estimate that came back was for redoing all the last inscription (not asked for)…
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Filling IHT
Value of joint assets at time of death was approximately £80,000. Few weeks later mum, got £2,000 from his PB and £1500 from his shares. So what do I put for value of any jointly owned assets.They were transferred directly to mums account. Also mum used his credit card just after he died, she was not aware it will be…
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Selling Family Possessions
Hi wonder if anyone has any advice with regards to our situation? So my auntie has lived with her parents all her life (parents are now deceased) & my auntie will continue to live there. My dad & a different sibling have been made as executors & are now in the process in sorting out probate. In the meantime, we have found…
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Levelling Up - Will Gifting
Hi Forumites... My father unfortunately recently passed away - four children as Executors (incl myself - Child A) . Previously he gifted a plot of land (valued at appx £60k) to Child B on the understanding that once his estate was to be distributed then Child B's portion of £60k be deducted from their settlement amount as…
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Estimates in IHT400
I've just submitted Self Assessment forms to HMRC for the deceased 2023-2024 and 2024-Death (HMRC asked for them as he had underpaid tax). I'm guessing they will take weeks for get back to me with their calcs for tax owed. Rather than wait can I submit the IHT400 with provisional figures for these debts?
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Family member took all Mother inheritance
Hi I am writing this on behalf of my Wife. Her mother unfortunately passed away on Christmas Eve in Scotland. She didnt make a will however it appears she had approx £20k in her bank account. As my Wife now lives in England, She went to see her prior to her passing away however had to come back for work committments and…
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Are there any pitfalls..
The elderly father of a friend of mine is thinking of downsizing his house and buying a small flat He was wondering if there were any pitfalls if he put the flat in his (only) son's name as well as his name as joint tenants There is no wish to avoid IHT or deprive assets, it is simply for admin so that when he passes the…
