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Updating a will
Myself and my wife had mirror wills drawn up in 1998 prior to having kids. Although, they were listed as beneficiaries in the situation that we have kids. We now want to get the wills updated so that our new adult kids are now the executors as well as beneficiaries. Also, our address change. The company I originally paid…
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Dividing Estate
Who decides the order in which people get paid out from the estate. The Solicitor get's paid 1st, Then all the beneficiaries who have set amounts. Then the rest is split among those who mentioned as having say a third between them. Maybe not a good choice of words or explanation for this question. But I hope you…
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Executor is not carrying out their duties correctly.
A executor who is also a beneficiary , has allowed her middle aged son to live in the property of the estate rent free for several years . She has never asked or gained permission from the two other beneficiaries for this . It is estimated that he has avoided around £43000 in rent . Probate has been granted ,however , she…
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Unoccupied Home Insurance property
Have
mums home insurance with Hastings direct, They don't want to insure
the property from next month (Policy
expires)
as its not occupied. They say I need a specialist policy. Can
anyone recommend an Insurance provider for unoccupied homes. Thanks
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Solicitor as executor
My Dad, has made his will, and appointed 3 executors , myself, brother and solicitor, he put a clause in his will because brother lives with him, that he can stay in the house until 2 years after his death, we don’t get along at all, solicitor is also brothers solicitor, is this allowed? Can she be impartial if she is also…
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Brother dies new will in the midst of divorce
My brother and wife seperated 6 years ago and she moved out with 12 year old daughter. They had been married 13 years. It was mainly due to my brother having addiction problems. She never worked during the marriage ( I don’t think she really wanted to) although she was a partner in a business they had together but spent…
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Powers of an executor?
Hi there, I have a query about the power held by an executor. My Dad died in 2019, leaving his share of the parental home to my sister and I, with a life time trust to allow my mother to remain in the house until her death. I was never made aware of any of this by my sister(we are estranged) although I believe an executor…
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Priority creditor ranking
I am the executor of my daughter's will. Sadly, and unknown to us, she incurred a huge amount of debt to a number of creditors, and I have been communicating with them since her death in May 2023. A slow process, but I have finally whittled these creditors down to just two - the local council for overpayment of housing…
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Intestacy and rental property questions
Hi, my first post here, I'm hoping your collective knowledge might be helpful! To try to be brief, my MIL died without a will last year. My husband has applied for probate/letters of administration, with the assistance of our solicitor. There are two other siblings and the fairly substantial estate will obviously be split…
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Beneficiary
I have worked for 25 years cleaning for a couple, so over the years got to know them quite well Her husband has sadly passed away, but 3 years ago she added me on her will and showed me the will she left me £6000 but payable to me as long as I was still working for her. Sadly she passed a few months ago and have not heard…
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IHT and Agricultural relief
Can anyone just clear up what exactly the Agricultural relief rates of 100% and 50% mean with regards to IHT? For example with this scenario, am I right in thinking..... IHT limit is £325K Nil rate property band £175k where applicable - making £500k as the threshold before IHT kicks in. Then agricultural land (this is…
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Do children automatically become administrators in event of no will
Step sons father died suddenly over Christmas, left a house that’s paid for but no will. 2 adult children left. do the 2 children (28 and 30) automatically become administrators of the estate? Or do they have to apply/request to administer it? and we are assuming they’ll need to complete IHT400 at some point too? just…
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Changing executor on a Will - implications
For various reasons - not least the person's age - I wish to change one of the Executors on my Will and also my wife's. We do not have Mirror Wills, just to get that one out of the way. We made our Wills nearly 10 years ago, and there is no change to any of the Wills' provisions in terms of beneficiaries etc. However when…
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Want to set up POA - I'm single, with no siblings, no kids.
I'm 60, single, with no siblings and no children. I keep putting off setting up a finance POA because it's difficult to decide who I might want to grant it to - it seems like a big thing to ask of somebody! None of my friends are in the same situation as me - they have siblings, children, or nephews/nieces - so I can't…
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Our personal wills.
we are seeking to do these and have employed professional/specialist solicitor accordingly .. however we are really struggling to get to grips with this. mirror will seems to be simplest / best option, but we are 'blended family' and mirror will does not seem to adequately protect any beneficiaries(children ) of the first…
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Clarification on IHT forms
Hello, brand new to this so please bear with me.
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Death without a will
Hi all. Hope you can help with some advice. In short, a friend of a relative has sadly passed away suddenly at the age of 48. He was divorced but had two teenage children (~ 13 and 15 yo). He had no will and his family wants to know how to find out what assets he had. They believe he had savings in places other than his…
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What next?
Hi all, happy new year, My mum's flat has been inherited by myself, sister in law (SIL) and two grand kids (2GK) split into thirds. GK's get sixth each. We all agree we want to keep the flat if possible rather than sell it and split the proceeds. SIL wants to buy my third, live in the flat with the GK's having access when…
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Executors account and Stamp Duty questions
Background: My husband and his sister are executors for their late father who died in 2017, and they are the only beneficiaries to the estate (50/50). The estate comprises of savings, shares etc, and there is a property in which the sister has lived all of her life. First question. They opened an executors account in early…
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Life Interest in property and Trusts
Can some one please clarify the correct procedure that should be followed when one of the tenants in common dies . Mr F and Mrs F owned a home in equal shares as tenants in common When Mr F died , Mrs F had a life interest in the property until her passing a few months ago . 1 When Mr F died, Land registry were informed…