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Deed of Assignment - Reassure Bonds
Hi, We have been advised by my IFA to deal with my fathers Will Trust, of which my mother, sister and I are the Trustees and discretionary beneficiaries. The IFA has advised that we need to provide a Deed of Assigment to Reassure, who hold the bonds. There are two bonds in the Trust. My mother is the life assured but the…
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Gifting from an inheritance
Hello, I'd be grateful for any thoughts/pointers on things to consider on the following. I am the sole beneficiary of a friend's will. He had an adult daughter that he is estranged from who he was adamant shouldn't receive anything. He did say though it was up to me if I decided to give her something. I am planning to give…
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Confused on working out amount of interest to pay to HMRC in administration period
a family relative passed away in July 2025, I am the executor and sole beneficiary. After closing their Nationwide bank account in branch with my grant of probate in March 2026, I asked them that I wanted to know the interest gained between date of death up to today (March). They looked at me as if they didn't know what I…
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Inheritance tax
My wife as just died, and her will states that I inherit 50% of the property and her two sons inherit 25% each. They are my step sons. The property is valued at £300000. There is also about £100000 in savings, which is split as follows £45000 to me and £27500 each to the two sons. The two boys want to give me everything so…
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Discretionary Trust created by a will
Wonder if anyone had any thoughts on, where a will creates a discretionary trust upon death but where the trust beneficiary does not want the assets held in trust. Do you have to enact the trust by law?
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Solicitor's client account - interest
Hi all, I have a question on whether a legal firm should pay interest on funds held in their general/pooled client account? The Solicitor told me that they don't make any interest on their client account therefore there is no interest to pay me for the funds they are holding. I have never questioned his position on this,…
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inheritance tax threshold advice
need guidance on what my mothers inheritance tax threshold is is it £325k or £500k my mother is 84 she married in 1964 / my father left in 1969 but they never divorced my father died in 2011 - he had no money or property i looked after him financially my mother had a partner she lived with from 1972 he died in 2015 he had…
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Can you stop inherited property becoming part of divorce proceedings?
My grandparents are currently in the process of creating their wills. This is all in England. They own 7 properties (6 of which are rented out and 1 that they live in). The plan is to leave each of their three children two of the rented out properties and then their house will be split amongst the grandchildren. Mr grandad…
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Deed of Variation / Joint Accounts
My dad died last November and I've found the various threads and comments on this forum very useful, so thanks! He died interstate and we've had a solicitors letter outlining what me and my brother are due under the laws of intestacy. Me, him and my mum are still around and the only beneficiaries. My dad had a 2nd house in…
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Misleading advice from Which on IHT and pensions from 2027
Take a look at this… Inheritance tax on pensions: HMRC reveals how the new rules will work in practice Lots of important information in there - as from April 2027 Executors are going to need to obtain pension valuations prior to Probate. But look at this in the final section on ways to prepare… Arrange power of attorney:…
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2 Acres of Agricultural Land - Pass on now, or later?
My Parents have owned a field for over 50 years (2 Acres). For the last 35 years it's realized a small amount of rental income from grazing 2 horses. Managing the rental is beginning to cause them stress (80's and 90's in age), and they have told myself and sibling that they would like to transfer the ownership to us (to…
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Do you name substitute executors in Probate Application
I am the sole executor named in my late wife’s will. If I fail there is provision for my oldest son to take over. If he fail’s it goes to my second eldest then third eldest. I’m completing the probate electronic form and it asks Are there any other executors named? Should I include my sons names here? I thought I probably…
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Transferable Residence Nil Rate Band (RNRB)
We are finishing off all the IHT forms and have a question on RNRB. My father passed away in 1978 and my mother passed away earlier this year. We understand my father has £100k RNRB as he passed away before RNRB was introduced. How much of this is transferable if my mothers estate is worth £2300k. Using the guidelines my…
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will and affects
Hello, Strange one but let's go, Four people named in a will, three are executors, other a beneficiary. Will left by my late grandfather/father, On of the executors do live in the mortgage free property and has done since birth approx fifty years, So four people, Two whom are in receipt of UC, Two are state pensioners, All…
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is this an excepted estate
I was hoping I could avoind filling in IHT400 and just go straight for C1 as there is no inheritance tax due after Dad's death. However now I am not so sure about filling in the IHT form, I am certain no inheritance tax is due. Dad's will leaves everything to Mum. House deeds unfortunately has no survivorship clause,…
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C1 inventory money from US pension held in London
Hi Here is an unusual one. My Dad died recently and I am trying to fill in the C1 form. The final one I want to check is the pension payment he received from the USA via Bermuda. His final payment was transferred from Bermuda to OFX (money transfer people) in London before he died, but he was in hospital and did not…
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What to do with money left to grandchildren who aren’t old enough yet
Hi I wondered if anyone had any advice please regarding my Fathers will who sadly passed away two months ago. He left some money to his grandchildren and stipulated in his will they had to be 25 years old before they received it. One is 20 years old and one is 23 years old now. My Father was going to change his will last…
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How long should it take for monies from deceased estate
My Dad sadly passed away 26th may 2025, consulted a solicitor (as you do) and probate was granted on 28th december 2025, however solicitor srill hasnt received monies from HSBC, his one and only bank account. Is this normal to take this long?
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Four Different Banks with probate - four very different experiences
Firstly Nat West for the Executor Account - What a farce. You can't open a joint Executor account in branch, in fact you can't do ANYTHING in branch. You have to: Open a new account online THEN Add a joint account holder online THEN Get account changed to executor account (which you DO need to go into the branch for) We…
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Nationwide nightmare with bereavement team and inaccurate figures and no support
Hey all My uncle has been having a really horrific time with the Nationwide and their bereavement and complaints team. His wife died earlier this year, all he wanted to do was to sort out accounts and, as she wanted, move her money into his name and accounts. My auntie didn't have a will, but as the amounts weren't big…
