-
Empathy funeral plan
Hi all My grandmother has a prepaid funeral plan with Empathy and they have advised that she can’t get a refund as the trustees have temporarily suspended refunds. She has had the policy about a year I believe. They have said they are looking at options for transferring the policy to an FCA approved provider but I…
-
Completing a C1 Confirmation form in Scotland
Hello I am currently completing a C1 Confirmation form in Scotland. In my head it is very simple. Heritable Estate is £100,000 (which is the house) Moveable estate is very little - A life insurance policy which covers the outstanding mortgage leaving a balance of £4,000 a bank account with £1,000 balance and a car in…
-
Advice on what to do with share of house.
So my dad died in December and he left his share of the house to my sister's and I. My mum has the other half but he did leave her a life interest in the house so she can live there until she dies or sells it and she can purchase another house if she so wanted up to the full value of the current house. We have no interest…
-
Probate - will witnesses
Hi all I was reading another thread about probate and noticed that some people have had to wait for witnesses to a will being written too. Is it always the case that witnesses are written to? If not what circumstances might trigger this? What happens if a witness is now deceased or has moved abroad? My mothers will was…
-
PAT15 - is it needed
My step dad passed away and named his daughter and my mother as co-executors, but also named me as a executor should my mum not wish to undertake this role. My step dad's daughter is being extremely difficult and communications have broken down and because she has been so rude (and my mum is ill) - my mum asked me to take…
-
Downsizing and Residence Nil Rate Band
I was delighted to find that Residence Nil Rate Band may be applicable where the deceased sold their property - see here In my case it appears to meet all the criteria * the person sold, gave away or downsized to a
less valuable home, on or after 8 July 2015 * the former home would have qualified for the
RNRB if they’d…
-
Paying Income Tax
Where the deceased owed income tax at the point of death I understand this is a liability: * How do you determine the amount * Is there a deadline for payment - as I assume it will be paid from estate after probate Thanks
-
Pure Cremations
My partner and I have been talking about the unthinkable, and the best laid plans to cope if the unthinkable did in if fact become a reality. Neither of us want fancy funerals. Burials don't appeal at all, which leaves cremations. We have been to various traditional cremations over the last few years, and although very…
-
Executor named on will is my Aunties solicitor .Few questions regarding their role
Hi. My Auntie has just died and as her estate involves selling her house and one foreign bank account and a couple of bank accounts here with Isas . My sis, brother and me are the beneficiaries . She’s named the executor on her will to be her Solicitor . As I was the Executor for my dads will I know everything that needs…
-
Will beneficiaries acknowledging receipt of inheritance
I know that beneficiaries of a Will need to acknowledge receipt of their inheritance but does this have to be a signed letter or would an email acknowledging receipt be sufficient? Many thanks.
-
Beneficiaries
Hi all I was a beneficiary and gifted money. A year later I was contacted by the solicitor firm dealing with this to say the IHT wasn’t paid and they had made a mistake and I was given too much and they want it back or face court action. The joint executor was also unaware this hasn’t been paid and is also a beneficiary.…
-
Defining and declaring gifts
Hi gang, first time poster so be kind please - happy to be pointed in the direction if I need to go away and read be here’s the situation: father passed away after a couple of years in a home with dementia. Only assets are his bank accounts. This amount is less than the IHT threshold (inherited his late wife’s allowance…
-
Deed of Variation
Our mum
passed away last summer, I was made sole executor of the will and have dealt
with all the legal and financial arrangements to the point where I hope (shortly)
to be able to close down the estate. I applied for Probate which was granted
and will shortly (hopefully!) complete on the sale of her property. She was
well…
-
Free will vs paid will
Hi all, I'm looking to help my mum arrange a will for herself. Her circumstances are not that complicated. She is married, but separated. She owns her own property outright (as a sole owner). All of her possessions are her own. We're looking at a total estate value of max £300k. She wishes to leave her estate to her 6…
-
Transferring 50% of house ownership to child
I intend to transfer 50% of my current residence to my son, who currently resides with me. I plan to continue residing in the house for the next two to three years before downsizing and subsequently gifting the remaining 50% to him. However, as I am still occupying the property I will be required to pay market rent to him…
-
Trusts - worth it?
There is hubby, I and one son. One property, son is overseas and rents. Will in place to each other then son. (May need to consider 50% to son on first death). Both LPA s in place for us 2. No risk issues. Property around £300k. Sons marriage could be dubious. Would a trust be beneficial? Is there anywhere to get more info…
-
Do you need a copy of a will to sell a house if you have probate?
We’re in the throes of selling our decreased father’s house. Do we need a copy of the will to complete the sale or will the probate docs suffice? Thanks
-
Can Executors pay for day to day expenses for beneficiaries who are under 18.
My wife and son have just become Executors of the will of daughter/sister. The beneficiaries of the will are the two children of the deceased. The children are due to inherit when they are 21. The ex-husband is taking responsibility for maintaining the children but I believe that he will need to seek financial support as…
-
Inheritance tax threshold question.
I am attempting to assist an Aunt, at her request, with her Will and estate planning. Aunt is widowed - husband's Grant of Probate documents show that the gross value of his estate was valued at £207,000.00 gross. He left everything in his will to her. They had no children. She is a basic rate tax payer. Am I correct in my…
-
Money given under duress?
My children's father died suddenly of Covid at the end of the pandemic (he was my ex-husband) and his girlfriend asked that out of his estate could she have £5000 for a watch which he had planned to buy her. He had already paid the £500 deposit. There was £10,000 left to us and we had to pay for the funeral out of that,…
