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DIY probate and life interest trust help
Hello, I am in the process of applying for probate online. My father left his 50% share of the house (his share being worth approximately 290k) and around 75k in savings to be held in a life interest trust with my stepmother as beneficiary and me as remainderman. He also gifted me various sums of money over the last 7…
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Lloyds Bank/Equiniti
Hi All, My Mum died back in 2021 in Scotland. Administration of the estate was done via a solicitor, and all wrapped up just over a year(!) later. However I've just received a letter from Lloyds Banking Group saying that a "payment" in has been made within the last 12 months. It's only for £4.63, but I'd rather get this…
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Jewellery valuation for probate – what’s actually required?
Hi all, Looking for some advice from anyone who’s been through probate. I’m helping administer an estate and need to value some jewellery. I’ve had two quotes: - Local jeweller: £75 for the first item, £59 per additional item - Auction house: £150 for the first hour, then £75/hour There are multiple items (mostly gold…
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Credit report & death
My Mum died three weeks ago & the death was registered today (Coroner involvement). I'm administering her estate solo. No will. No probate or letters of administration needed due to low value of estate. Today I used the Tell us Once service and uploaded the death certificate to one bank (so far) after freezing all accounts…
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Can the a person who has completed IVA be an Executor of a Will?
My sister, who has previously (with her husband, as both had to complete the IVA at the same time) gone through and completed an IVA process is also the Executor of my Mum's will. Recently there are some signs that she may be getting back into financial trouble, although this has not yet been confirmed. Can anything be…
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Probate: 99%/1% property
A property is split between a son and mother with a 99% / 1% split in the sons favour. The mother lives in the property and has rights to live there until she passes on. He is now deceased, with his will stipulating that his 99% is left to his daughter. Ideally it would be good to resolve this before the mother passes on,…
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Delaying inheritance for will beneficiaries
My will is currently split equally between my five nephews and nieces (I've no partner or dependents). While my nephews (who are in their 30s) are all pretty sensible with money my two nieces (and one in particular) are less so. If I suddenly died now (I’m 60 so hopefully not soon but obviously possible) they would each…
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Excessive time for Probate
My MIL made a firm of solicitors joint executors in her will to save us stress. Sadly this did not work out. These solicitors have been very poor and we are still in probate 4 years in. As they are charging a fixed fee we have continued with them albeit having to do quite a lot ourselves. A lot of money is coming out of…
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letters of administration - no response after 12 weeks
I have attempted to check progress online but all links seem to take me back to my original application! How can I get to any report on progress? I have now phoned the service and been told that my application has been passed to a specialist team. No indication on why or how long I will have to wait. It is now 13 weeks!…
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Gifting when under IHT
I've been reading to lots about the IHT and the gifting rules and listened to Martin's podcast and TV show about it. I understand the IHT thresholds including when one's IHT is passed to their spouse. I understand the rules about gifting money in relation to the £3k and £250 amounts and any larger sums of money you would…
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Understanding question from late Grandparent's pension provider
My Nan died at the end of last year aged 100. For over 29 years she was in receipt of a widow's pension from my Grandad's pension provider from his workplace. My Dad is the executor of Nan's will. She left cash only in a bank (no property). He has informed the pension provider of Nan's death and sent a death cert but had…
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Life interest trust
Hi, I’m asking for some advice, we recently lost our dad and my mum and dad set up a life interest trust will about 3 years ago for me and my sister. We had a letter from the solicitors saying we need to pay’s costs of around 3,000 which includes fees, grant of probates, land registry etc. But we don’t have the money for…
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Additional assets found after letters of administration granted...
I received Letters of Administration based on a sum of money. I have now come across another bank account which would increase the estate value by around 20% (to c £60k), do I need to do re-apply?
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Credit Reference Agencies - Why so difficult?
Hi Folks, I recently finished handling my late mothers estate. I have one open task around notifying credit reference agencies Is it just me, or is this unduely vauge in what to do? Does the fact I used Tell Us Once, told banks etc, make any difference? And being more pragmatic, is it actually necessary at all? When I look…
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Error on IHT400 Form box 79
Has anyone else noticed that for box 79 on the IHT400 PDF form (version : HMRC 12/25) the automation does not calculate the addition of box 77 and 78 correctly - and a manual value cannot be entered. It's using a string concatenation (joining both the value fields as a long string) rather than doing a numeric addition.
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Letters of administration / poers of probate
My mother recently deceased. Are they the same thing? Her bank has requested this is this something I apply fo myself or should i use a solicitor?
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Money Moral Dilemma: What should I do with the inherited money that I feel guilty about spending?
This week's MoneySaver who wants advice asks.. I've recently inherited some money. It's enough to buy a new car, something I do need. But I feel too guilty to spend it - I would much rather have the person I inherited it from still here, and it breaks my heart even thinking about spending it, as doing so would almost feel…
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Sale of property in IPD trust
Hi all, Mothers property left half to brother and half to me. However my half in an IPD trust until he passes. He is in care home and now looking unlikely to go home. His money is running out and the property will have to be sold. I am aware my half has to be invested until he passes with him getting the interest but not…
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Plan after death for those without family
Hi. Sorry to be morbid, but I am on my way to 50 and been thinking about what I should do regarding my will etc. I have no children and no family left, so do not know where to start. I guess I would like to leave my house etc. to a good cause, it is horrible to think all of my stuff will just be sold or thrown away. It is…
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Will I need probate?
we jointly own our house and a rental, have our own stocks& shares ISA’s and our own cash ISA’s, our own and joint bank accounts and a joint bond. We have a mirror will, everything to the one who is left…..when one of us dies will probate be required or will the death certificate and the will be sufficient , or will we…
