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Cheque made out to the estate of deceased person
I have been sent a cheque from a life insurance policy in respect of my late husband. I am the sole beneficiary of the estate and there is no liability for inheritance tax, I am also an executor. The cheque is made out to the estate of ........ Can I pay this in to my bank account, his accounts have been closed.
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When to post notice in Gazette?
I've not managed to find anything definitive about when to place notice in Gazette - some places say after grant of probate. Is there any reason I cant/shouldnt do it before probate - seems like the sooner done the better? Thanks
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Sell shares quickly?
Just received probate today and getting up to speed with how to distribute an estate. Believe the estate will have its own capital gains allowance of £3000 for this year to 5th April (and for the next 2 yrs). The estate contains some shares with a gain of about £1000 that I think it would be advisable to get sold before…
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Probate and Inheritance Tax - What forms required
Mother passed away 2011, Father recently 1/25 House will be left to myself (Son) and sister Estate will be around £750000 which includes £30000 gifts and £20000 in bank Is this regarded as exempt estate (Mums unused £325000 plus Dads £325000 plus Dads £175000 = £825000) which excedes value of estate What forms if any will…
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Gift with reservation
My MIL gifted her house to get 2 children in 2012 and died in 2024. Probate has gone through but the house wasn’t included. We have since been advised that the gift has failed as she didn’t pay any market value rent, should this have gone through probate as there could now potentially be a big CGT bill to pay. The probate…
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Think I got probate values wrong - implications?!
Three years ago I acted as executor for my father's Will. I calculated his IHT figures and his estate was well below IHT limits so didn't complete an IHT return but I did need to get probate to obtain money from one of the banks that was in his name. My parents were tenants in common 50:50. Mum is still alive and all banks…
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Is This Transfer Legal? Surely not...
So, my father passed away in December. Without going into all the gory details, a family member who must have had access to his internet banking transferred £5,000 to her own personal account the day after he died. Maybe unfortunately, this individual had also managed to get herself in his will as one of the three listed…
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Inheritance tax allowance
Hi, My aunts husband died in 1969 can she still get his personal inheritance tax allowance at todays rate or is there a time limit on it. He would have 100% as he used none.
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Online probate application
Does anyone know how long online probate applications are really taking at the moment ? I have looked online and getting anything from 4 weeks to 16 weeks. Just trying to get an idea. Thanks
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IHT forms
Good morning, Could someone advise which forms I need to fill in regarding inheritance tax on behalf of my partner, His father recently passed, who owned a house and a good some of money, my partner is an only child, by our calculations there is no inheritance tax to pay when using NRB, obviously we need to apply for…
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Inheritance Tax -Joint Bank Account
Hi everyone, Please be gentle, as recently lost my dad and I'm still reeling from it. My dad passed away 5 weeks ago, he hadn't set anything up in terms of wills or anything, but I had a joint bank account with him which was all his money. He often liked me to do online shopping for him so that's why we had it, and I never…
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IHT 403
I’m trying to fill in IHT 403 - specifically the annual income/expenditure at the end to show there is sufficient money for regular gifts out of income. I can get most of the information from bank statements. Under income there is a box for ‘income tax to be deducted’ - does this mean I have to find the gross pension…
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Tenants in common rights to keep family home
My partner of 5 years recently died in an accident. We bought a house together a year ago and foolishly hadn’t done wills. Our home was purchased with a joint mortgage, tenants in common and the equity in it is 60% mine and 40% his. My partner has left somewhere in the region of around 500-600k in his estate with combined…
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Incorrect amount on Probate Certificate
I’m hoping someone can help. I lost my mother in December and I applied for probate online to deal with her 50% of the house that was put in trust. when I inputted the amounts of my mums estate it specifically asked not to include joint assets so me thinking the house was a joint asset I didn’t include it. Little did I…
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Transferring ownership of inherited property - Advice please!
Hello everyone, This is the first time I have posted on this forum, but I would really appreciate any advice. I have just been granted Probate as the executor and sole beneficiary of my late mothers house. My father is still residing in the property and will be until the end of his days. My questions are: How do I transfer…
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Inheritance tax and Trust question.
86-year-old single (divorced) parent in good health, no current signs of needing any sort of care. For the avoidance of doubt this is absolutely not a question about avoiding paying care fees in the future. Complicated by the fact that I don’t know what parents assets are. House worth maybe 300 to 350 K. Pension and…
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Is formal house valuation required for probate?
I am the executor of my father-in-laws will. It is a fairly straight-forward estate with only being some cash in the bank and a terraced property. The value of the estate is well below the IHT value for tax and hence I am looking to apply for the grant of probate myself rather than go through solicitors. As he was widowed…
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NS&I trust account
As Executor to my elderly father, I am trying to plan for the moment IHT has to be paid but probate has not been granted. I had thought there was some way of setting up a “trust” account with NSI which doesn’t count towards estate valuation for IHT and also can be used for the IHT payment. But I cannot now find this. Or is…
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Online probate application
Do I have to provide photo identification if applying for probate online ?
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How to claim unused NRB on second date?
If there was no probate on first death how do you claim that person unused NRB? When filling the IHT forms, there is a question do you want to claim unused NRB? With no probate and IHT forms completed there are no records of the late person assets? Does this question make sense? It’s doing my head in whether to apply for…
