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How to divide estate when beneficiary is purchasing an asset from estate
Hi all Hopefully there will be a simple answer to this but how do you divide money from an estate when one beneficiary is purchasing an asset of the estate please? In this instance it's some antiques that are not mentioned in the will. The estate is to be split three ways so do the remaing two beneficiaries split the money…
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HMRC Notification of death
Hi All, I have recently received a written notification from HMRC that I appear to be dead and are asking for details of the executor or solicitor dealing with my estate. This, just 5 days before my own mothers funeral ! I have spoken to them and they simple apologised and said that I shouldn't have received that letter…
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Splitting Parent's Estate between Husband and Wife?
I'm an only child, and my father passed away several years ago. My mother, who is about to enter into early 80's has some savings and a property overseas. Whilst I don't want to appear morbid of mercenary, I was wondering if my mother had the option of leaving 50% of her estate to myself and the other 50% to my wife so…
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Money owed to an estate informally?
I'm working through the estate valuation for my late father and can't find a clear answer on how I should treat money owed back to his estate, that wasn't actual loans etc. The IHT416 form seems a bit long winded and some of these are sums that wouldn't have been owed to Dad if he was still alive, so don't seem to fit what…
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Wife dies, House in husband's name
My mother has died intestate. The house my mother and father lived in was owned solely by my father. Does the matrimonial home automatically go to my father because he owned it or does half the house go in to the intestacy pot (up to £322,000 rule) and then go to him and the amount over £322K go to the children?
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Order of Service for Memorial Service
My sister died recently and I am attempting to assist my grief stricken brother in law with the organisation of a memorial service. She was cremated overseas so there are no funeral directors involved in this country. Can anyone recommend a suitable template for an order of service and where to get them printed? My sister…
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Inheritance Tax and stuff
My Partner died very recently before he received an inheritance from his brother of approximately £50,000. He willed all his money and assets to me. The Solicitors dealing with his brother's estate have asked me for the death certificate, a copy of the will and my bank details. Will I have to include this money when…
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HMRC code and probate process
A postal probate application was submitted in May 2024 and the most recent update was that they were waiting for a tax code from HMRC. We had understood that the probate application was 'being processed' but this article suggests that the tax code is required to submit the application in the first…
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Advice in Will about "proof of funds"
What advice are folks including in their wills or accompanying documentation about the "proof of funds" now being requested by conveyancers during the house-buying process? There's a note in another thread that says "Anyone can claim they had an inheritance", or words to that effect. Is this a new requirement?
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Immediate post death interest - anything I can do?
Hi My mothers will has an immediate post death interest. She owned half her house and my brother the other half (tenants in common with land registry) She passed and her will leaves her half to me but with the ipdi. It states my brother gets the use and benefit of my half till he dies. There is no 'get out' clause (i.e.…
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Is the 3rd year anniversary significant?
Hi, As stated in my last thread over a couple of months ago, I've been in dispute with the other inheritor of a will for long while, now, and this ended up in court. The court ruled both of us should be removed as executors, and they'd assign another, independent solicitor to be the executor. I started the previous thread,…
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UPDATING WILLS WITH A NEW SOLICITOR
In 2014 my late wife and I made Wills as tenants in common. She passed away in 2022 with Alzheimer's. Much of my Will, similar to but not a mirror one, is based on what she wanted and/or as suggested by the original solicitor. I have just made a new one on the "Free Wills" scheme with a new solicitor, donating £150 to the…
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Charity donations and IHT
Does anyione know if it possible to specify in a will that charities will get a residue gift only if the estate aftrer deductions exceeds the IHT threshold? I have a relative who's estate will be dwindling rapidly due to care costs and has to balance a desire to leave to family and friends with charities. Leaving the total…
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HMRC...V.. INTEREST OF POSSESSION IN WILLS
Hi, I'm looking for some advice.My wife are looking to protecting our 50/50 interest in our house.We've been advised to alter our wills to include " interest in possession " so that if one of us has to go into care, the other's 50% share can still go to our two children upon both of our subsequent deaths if the other…
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set up trustee bank account for 4 adults to receive their inheritance
How and where to please
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LPA and care home
My MIL has recently had to move to a residential care home. They have asked for both the LPAs (H & W) + (P & F). Is that usual? Thank you in advance
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Worth getting financial advice?
Hi, to cut a long story short, my mother (the previous owner of this account) recently passed on. Her finances were spread across lots of different pots of money, and whilst I have a plan of action, I want to make sure I am doing everything as 'correctly' as possible, to make the most out of what I have inherited. I am…
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Administrator responsibility for third party belongings
Hoping to gain advice on my duty as estate administrator (letters of administration granted). Family member who is not a beneficiary is still living in the house of the deceased (no rent ever paid to the deceased, and no contribution toward past/current utility bills) so the person has now been served with 28 days notice.…
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Gifting a house to children to avoid care home fees...
Hi everyone we're currently in the process of sorting out power of attorneys for mil health & money the solicitor dealing with it has also brought up about gifting / putting her house into a trust with the 3 children being trustees, I believe it's a living trust so mil still lives there until she went in a home or died. I…
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Evaluating content for IHT
Hello.I'm the executor of my latest dearest friend and I need to have the content that he left to me, as part of the inheritance, evaluated for IHT purposes. Yesterday I had the house evaluated by a real estate agent and it is around £300K-£325K (so it'll all go to probate and yes there's going to be IHT to be paid…
