-
Relative managing expenses prior to death
My father asked me to manage his expenses in the years prior to his death. I opened an account he gave me regular sums of money and the account was solely used to pay his expenses. Does this constitute a gift under IHT?
-
Life insurance payout to cover mortgage
Apologies if this is posted in the wrong place! My partner is critically ill. Our life insurance policy is likely to pay out soon. What i will get is in excess of the mortgage balance but I cannot repay this for a few years without substantial penalties due to terms. Obviously I want to avoid this cost so wondered what the…
-
Grave Kerb / Memorial Vase Inscription - Unknown Plot Ownership
One of my closest friends died last year, and was subsequently cremated. I have his ashes with me. He had no offspring, and was the last in his family line. There are no surviving relatives to my knowledge. He took me to his family grave a couple of times, where his mother, father & brother are buried. It’s a flat style…
-
Confirmation confusion
My mum died suddenly in October. My dad had terminal cancer and passed away this June. They both left wills leaving anything they owned to each other and then in the event of both of them dying, anything they owned would go to my sister and I. They owned an ex-council house worth £140,000 and have £2,500 in the bank. My…
-
Inheritance Tax concerning land/buildings passing from parent
New to this so bear with me! Unfortunately my mother passed away late last year. Her husband and her built a new house at the end of their old one back in 2002 after my brother/mom purchased a small rectangle of land to the end of next doors garden. This meant they could build across the bottom of both gardens. My brother…
-
Codicil for changing our and executors addresses and surnames?
We (my wife and I) have a will in place for over 10 years. In the meantime we have moved address as have our executors (daughters) and one of our daughters has got married (hence surname change). Can we create a Codicil for these changes or do we need to re-write our wills?
-
Doing a "general power of appointment" will
As someone single, no kids, I wish to simply leave another trusted/close family member to decide how to distribute my estate between other extended family members based on how things are at the time. There are too many variables and anything I write down will more than likely change over time and I don't fancy continuously…
-
Iht and probate
Hi, I'm trying to work out what allowances are deductible from a deceases estate for probate and iht purposes. I am aware that the funeral expenses can be paid directly from the deceaseds account to the undertaker but what about other costs that are incurred by the estate after death? For example Solicitors costs,Death…
-
Direct cremations
I am interested in getting direct cremations for my dad, in the event that he passes away in future. Unfortunately he is elderly and frail so isn't going to be around for long so I thought I should start looking into the issue. He lives in London so I wonder if anyone has experience of direct cremations in London or…
-
Immediate Post Death Trust
My dad died and wrote his will in such a way that he left half the house to me and a lifetime interest to my mum. I have been reading and it seems like an IPDT has been created? Please correct me if I am wrong. I looked into how to go about registering this and that seems okay and straightforward at HMRC but I was…
-
Probate Solicitor
I lost contact with my grandad in 2022 after a move and tried to find but he couldn’t, did report him as a missing person. it was let slip by someone they had married but I can’t find a record of this and that he was in a care home under a POA or dutyship with her daughter. He has passed away and no one told us. They…
-
Need advice and don't know where to turn!
Sadly my father has passed away. He had a will and named me as the executor to his estate. Some key points - He had no assets, either in items or property. - I have not yet accessed his bank accounts as awaiting registration of death and certificate, but I am pretty sure his balance will be pretty much zero. He had no…
-
Income vs Inheritance tax on credited vs accrued savings interest
Dad died 1st April 2023. His estate should be relatively simple to process because we had converted all his assets (house, stocks , premium bonds) to cash over the last 12 months. That cash was in his almost zero interest bank account. Last November because of rising interest rates we opened 2 restricted access banks…
-
Inheritance tax
A few years ago I inherited my Parents home in Devon. I used to live there as a child and up until age 26. However, I am now and have been for several years living in Dorset, because I look after an ill friend at their rented council house. I use their house as my address. The council treats my inherited house as a second…
-
Executor disagreement - do i have to pay other executor personal legal fees?
It just gets worse.... The 2 executors (X & Y) disagree over estate administration - X is happy to DIY as will save circa £20K+, the other wants to use their favoured solicitor. Solicitor has been informed by X that they should not do any billable work against the estate. It all kicked off Solicitor has come back saying…
-
Age UK LPA - any thoughts?
We are getting our wills completely redone at a solicitors but they want an arm and a leg for the LPAs. I saw that Age UK offer a service for doing the LPAs which seems to be reasonable. Does anyone have any experience of using this service with them? What is the difference between what they offer and what the solicitors…
-
Probate/Confirmation if intestate?
Hello everyone. I'm looking for some advice. Apologies for this but I can't find any threads that covers probate/confirmation without a Will. My father passed away intestate and my mother is still around. We want to give my mother probate/Confirmation to deal with his estate. It should be a simple one as all they have is a…
-
IHT installments
I understand you can pay IHT in instalments if a property is passed on to the children. If the estate has enough cash in bank accounts to pay the IHT (including that in property) do you have to use the cash to pay it or can you still pay in instalments for the effective IHT for the property passed on? I hope that makes…
-
Completing C1 form
I've been trying to sort out my late father's estate now for months but having problems submitting the C1 form to the local sheriff Court. Its a large estate but it only has 2 bank accounts, no property or shares. I'm the only person named in the will so how difficult can this process be? I've looked at as many examples as…
-
Two Administrators disagreeing ??
Hi there, I am an administrator along with my sister for my late sister's estate (she died intestate). We have received offers at the asking price on my late sister's house, but my living sister (the other administrator) wants to sell the house to her daughter below the asking price. I have told my sister that I will not…
