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Confusion over IHT404 and IHT405
I'm in the process of completing IHT400 for my father's estate. As well as his own home, he was joint owner of another house. IHT404 (jointly held assets) seems to cover this, but a note at the top of the form says that for houses, land etc, IHT405 should also be completed with additional details of the property. However,…
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Paying debts due from an estate
Hi My Mum passed away recently leaving no assets and a small overdraft. I'm her Executor. I had to ask the Council to arrange (and pay for) a Public Health funeral. Mum had been receiving a state pension, pension credit and attendance allowance from the DWP. After she passed (but before the DWP were aware she had passed…
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Putting a property trust in our will
Hello, my partner and I are not married, but have two kids. We have decided to get a civil partnership since we were going through our finances and basically came to the conclusion that if the worst was to happen, not being legally “joined” would make everything difficult. we are also making wills and are considering…
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Do we need wills?
I know the answer will be yes for a lot of people but I'm wondering how necessary it is for us. Couple, no children. So if there were wills they would be mirror and the same that intestacy would dictate I believe. If OH outlives me when he dies his estate would go to cousins. Well he might want a will because he might…
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Help to buy
Hi I wonder if anyone can help? I need to apply for probate for my brother’s estate but I can’t find out how much he owes to help to buy to estimate the value of the estate. Help to buy will not tell me even though I have provided the will and death certificate until I have been granted probate, which I can’t apply as I…
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HMRC: Final winding up of Estate
Hello All, I wrote to HMRC in July 2023, several months after my
uncle death. I reported interest from taxable savings accounts and expected
to hear back from them within a reasonable time. This morning, I received two letters from HMRC. The first
included a cheque reimbursing income tax for 2022-23. The second dealt with…
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Death in Service payment - can Trustees change who it is paid to?
Hi My sister passed away last week after a long illness. She has left her estate (really just the equity in her flat) to be split equally between her 3 siblings. She had a significant death in service payment which she said would cover the remaining mortgage plus funeral expenses etc. Prior to her diagnosis, she had…
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Universal credit and Child death beneficiary from pension
My Ex husband has sadly passed away and Im in receipt of UC. Because I am the guardian of his 3 children I will receive their death beneficiary until they are 17 years old to help with the day to day costs of raising them. Much like child support (which does not affect universal credit payments). My question is will this…
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Late mother's property finally sold after 2 years. Queries about paying off debts
Hi all, My mothers passed October 13 2022. She had enough savings on her pension fund to cover her funeral. Which was all paid. She had debts with: Eon (gas and electric) South West Water North Devon District Council (tax) Halifax Credit Card Barclays Higher Finance Property management agency (the property's a flat, and…
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Ignoring adoptee in will
This is a follow up to my previous thread 'No Will in Place'. Following my stepfathers death last week it would appear my stepbrother is attempting to keep all of his fathers assets (savings and insurance policies) for himself in the absence of a will. While I realise he could probably do this if he were an only blood born…
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10 years later more probate
Bit of an odd one this. My spouse's remaining parent died over 10 years ago. At the time spouse and their siblings were executors of the will. One of them tried to seize the assets and solicitors had to send a warning letter. Spouse and other siblings haven't spoken to rogue sibling since. Roll forward 10+ years and…
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Deed of variation and inheritance tax
Time limit for a deed of variation is 2 years, but time limit for IHT is 6 months. What happens if you make a deed of variation to benefit charity after you've paid the IHT? You have then paid too much IHT but can you get it back?
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Probate application Documents
I completed the application online. The instructions were to post the original will (& coversheet) - nothing else. I looked on "What happens next" which states the death certificate will be returned. I am confused as the death certificate was not requested. I tried to get through to the enquiries line (35mins) but my phone…
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Think it's going to get messy
Hi, After some general advice, accept we are going to have to engage a Solicitor to finally sort it, but the more information we can gather first will help understanding and hopefully the bill! Situation is that my Daughters father in law passed away and she is helping his wife with sorting out the finances etc, in doing…
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Impact of inheriting 2/3 of a property
I have inherited 2/3 of my father’s property. I currently have a family home jointly owned with my partner. We are planning to move house. Will I be affected by the second home stamp duty?
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Father’s Will & Step Mother
I am an executor of my father’s will. He had 25% ownership in the property he shared with my step mother. In his will he states his 25% should be left to his 3 daughters on the death of my step mother. In the meantime she has sold the house and gone into a residential home. This 25% has supposedly been put into a separate…
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Writing a will in Scotland
So needing to get a will in place - Is there an inexpensive way of putting one together without spending a fortune - it would be simple if i die my hubby gets it all if he dies i get it all and when we have both die the kids get it split between them 50/50 eldest child executor after one of us dies. Also any advice on…
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Insurance
Wonder if someone can offer some advice. Grandfather owned a flat in a retirement complex but died last October. It is a leasehold flat and is empty. We have accepted an offer and the sale will hopefully complete later in the year. The contents insurance is expiring. The flat is empty. My question is, do we need to arrange…
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Gift with reservation
How is this decided. I am doing some planning. Mum is well :) 7 years ago she had to sell her flat £400k which I shared, becuase she was becoming housebound due to increased infirmairty. 32 steps for an 83 year old. During this time I was caring for her as well as working. She gave me the proceeds so I could buy, for us, a…
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IHT/NRB/RNRB/unused. Any help much appreciated.
Good afternoon I'm just getting my head around IHT/probate. Would someone be able to help me with my figures please? Mother sadly died recently. House value £550k Bank accounts, ISA's NSI savings total £186k. Everything being left to myself and sister. NRB: £325k RNRB: £175k Amount liable for IHT: £236K? But... Father died…
