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Probate/Confirmation in Scotland - DIY for straightforward estate
Hi all, Appreciate any guidance. My dad died last month and this is all new to us. My dad left a will and the estate consists of 50% of my mum and dad's home plus his ISA. My mum will remain at home. I believe there is only one form to complete now - C1 form to Sheriff Court with £270 fee. Once we have confirmation there…
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Do we need to pay Inheritance Tax
My mum passed away last week, and we are working to get everything in order. My three sisters and I have been named executors of her estate. I was my parents' carer (my dad passed away a few years ago) and have always lived in the family home with them. According to the will, I have the right to stay in the house without…
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Probate/solicitors query
I am the sole executor on a relatives will who has recently passed away. There is no POA. In my capacity as executor I have dealt with all admin/account closures etc. I have never had to do this before but I have dealt with absolutely everything I can think of. There is no property to sell (it was social housing which has…
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Simple Will. What to expect
Following my fathers recent passing my sister and I are left as joint beneficiaries and executers on an estate with a modest house and a few grand in the bank. We will not be liable for inheritance tax. I am aware you can do probate ourselves but we are time poor and keen to move on with life after his long illness. We…
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Joint tenants and trusts
Hi - so sorry for this long post- I'm really panicked about this. All paperwork for IHT is nearly done , but on checking it, I've come across a real headache. My mum died in 2016 and the house was transferred into my Dad's sole name- (the title deeds show they were originally joint tenants). The solicitor's letter at the…
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Mandatory Disregard
My mother is permanent resident in care home aged 98 i live in property she owns and have done for 10 years I am her daughter and over 60 so mandatory disregard of property as part her assets When she passes away will I have to sell house and payback all fees she had paid for her by council while alive? Not clear in all I…
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Tax on rental income received during administration period
Hello. My mother died last year with my sibling and I being joint executors and sole and equal residual beneficiaries. The total value of the estate is around £750k with no IHT to pay due to taking the NRB and RNRB of our father who died 2 years earlier. Based in England. We’ve recently received the grant of probate so can…
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Form IHT 403
If my parents paid a full market rent for the use of a holiday apartment gifted over 7 years ago …. How do I declare this on form IHT 403 ?
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Found by an heir hunter
I have been contacted by an "heir hunter" company who tell me I may be a beneficiary in the estate of someone who may be a distant relative. They want me to sign an agreement which would give them a percentage commission of any inheritance I might receive. I have no idea of the value of the estate but if the deceased is…
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Wondering about legal action for advice to my parents on putting their house into a trust
Hi everyone,I have discussed this in other threads, but my parents were badly advised by their financial adviser and a lawyer to put their home - principle asset - into a lifetime trust. They signed over their shares in the family home to the Trust, and appointed 4 trustees. The trustees were myself and my sister, and…
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Cash gifts on estate worth less than £130,000
Sorry, this is a long one but hopefully gives all the relevant information for my question. I’m looking for some advice please regarding the reporting of all cash gifts made within last 7 years when applying for probate on an estate that will not attract IHT. I’m the executor of a family members Will. The family member was…
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Selling bereaved persons car
Hi - I wonder whether somebody would be able to provide a bit of helpful advice! My Father-in-Law recently passed away and I am executor of the will, so I'm currently in the process of dealing with all the admin that goes with that. Mother-in-Law is still with us, but not capable of such things, so I'm currently drowning…
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Inheritance Tax Checker (ITC) before Probate Application
Hi all I am trying to complete the ITC prior to applying for Probate for my late father. I have a list of all his assets - all of which have been left to my Mother save for my Fathers share of the marital property which he left to my brother and myself. My Father had a private pension pot to drawn down a monthly pension -…
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Life assurance trustees not reaching decision quickly
This discussion was created from comments split from: Life assurance and IHT.
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Tiny percentage of estates paying IHT utilised gifts out of surplus income exemption
Article below not especially surprising. Conceptually the exemption is complex and far from intuitive as the many posts on the various MSE forums attest. https://inews.co.uk/inews-lifestyle/money/pensions-and-retirement/little-known-way-cut-your-inheritance-tax-bill-one-50-use-3677859 Whether future IHT on pension pots…
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Multi-jurisdiction inheritance question
Mr X is a citizen of one EU country but has been living in another for many decades. He owns property in his birth country and also in the UK. Similarly he has other financial assets in all three countries. He has two children who will inherit his estate in equal shares when the time comes. Questions: 1. Under the legal…
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Can I get rid of the estate solicitor now probate has gone through?
My mother-in-law died in March last year, and as the estate involved a house and a trust for my BIL who was in a care home, we decided to use the will solicitor to sort everything out. They were not named as an executor so have just been administrating the estate. Probate was granted in August 2024. My husband is now the…
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Deed of Variation signature
I live in the US and have to sign a Deed of Variation regarding the estate of my late parents. Will HMRC accept a digital signature so I can send the document electronically or does it have to be the original document? TIA
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IHT400.
help please page 8 what counts as Entertainment ie is that tv licence broadband Netflix dose it include going out ie seaside or thiam park
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Insolvent Estate and Renounce Ex
Hello I’m writing for some advice. My husband unexpectedly passed away 2 weeks ago (we are due to register death today) His business went into liquidation in December and this is all being wrapped and and closing and taken care of. As such we moved out of our family home into rented accommodation (tenancy in my name him as…
