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Leaving money to legatees who drink
Hi all, both my brother and cousin are in this position, and I wonder if anyone can help. Is there a way to leave money in trust to an over 40, who is an alcoholic, or for another reason not able to manage their own finances? Neither of these two recipients don't have capacity, but neither can manage money at all. Thanks…
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Am I entitled to a share of a will?
M-I-L died 10 yrs ago, Her will passed all assets/property to F-I-L. F-I-L now died & his will to be split 50-50 to both sons. My late partner (son) died 2 years ago, I was main beneficiary of his will alongside our 2 children. We were not married. Will not amended following sons death as f-I-L had dementia. Am I entitled…
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How to declare a loan for IHT
Not quite sure how to approach this, my mother in law loaned my daughter money to buy a car earlier this year, which my daughter has been paying back, unfortunately my MIL died recently so obviously the loan hasn't been repaid in full (my daugher is conintuing to pay it back into my MIL's bank account) - there is no…
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How to describe myself in Scottish Law?
I am trying to apply for an Initial Writ to be an Executor Dative for a relative who died in Scotland. His closest living relatives are children of his aunts and uncles (themselves now all deceased). In my first attempt to obtain an Initial Writ I described myself as first cousin once removed to the deceased, which I am.…
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Gifts out of Surplus Income- School Fee Savings
My father is trying to assist with the preparation of school fees for our child in the future. He has a steady income and could support us with regular 'gift out of surplus income'. However, our child doesn't start secondary school for another 4 years, as such he'd like to pay into a savings account so that this can be put…
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Is this Legally Sound
Child appoints themselves their parents carer. Parents have valid wills with each other as beneficiaries then their 3 children equally as beneficiaries on the 2nd death Said child has parents add an "expression of wishes" to their wills which is worded such that this child and partner will be paid from the Estate on first…
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Gifting a rental property to your children or grandchildren and CGT
Hello The scenario/possibilities are above. The property is in England. If someone were to gift a BTL to their child/grandchild, I'm aware there may be a CGT liability depending on any price gains and allowances/etc. Once this BTL property was gifted as mentioned above, two questions. 1: If the child/grandchild were to…
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Information on burial site / grave location
Long story short, I am trying to locate a burial / grave location in the UK.I intend to pay my respects on my return to the UK but although the family of the deceased held an open to everyone funeral service , the internment was private with strictly only immediate family permitted to attend. I have written to the Town…
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Rights Re Will and Pension
Hi. A very old friend of my husband and his family died approx 18 months ago. He left a Will stating my husband and brother should be given the money from his pension split 3 ways between a female relative and the 2 men.(hubby and his brother nursed him not knowing they would be left anything)We have been waiting ages to…
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When I go
When I go I want to leave my affairs in order. I am not interested in hiding my assets to avoid care home charges. I am not interested in avoiding tax on my estate. It could be circa £500,000. I have a simple will which shares my estate between two sons who are executors. I understand settlement of my estate could be…
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IHT gifts from a joint current account
Hello I am asking on behalf of an elderly family member. Almost everything they have is in joint names, other than the car V5's. When both left their jobs about 10 years ago at/about the age of 60, they decided to change their separate Current Accounts at the same bank to a joint account. The husband is the first named on…
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Paying Out to Beneficiaries
I am the executor of a will and have paid everyone their dues except one who is due £1000. I have no address for her, but a phone number she has a call screening system in place, I keep leaving messages asking her to call me, but she never replies!! This has been going on for over a year.How long do I have to keep chasing…
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I Think I Need to Appoint a Firm of Solicitors as Executors for My Will.....
I've procrastinated long enough and I really need to get a will written. But...... I'm going to need to appoint a firm of solicitors to be my executors. Although I've read some horrendous stories about solictors being executors, ie expensive fees, long drawn out timescales etc etc however I don't think I have a viable…
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Overpayment Recovery Of State Pension & PIP
Hello, Not sure this under the correct category but the nearest I could find. In Brief, My wife died last October (5th) . I filled in the 'inform everyone' form . I do recall getting a letter saying nothing was owed at that time . (need to find it) Today and yesterday I have received two letters, one regarding state…
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Which of our names to use for Probate?
My lovely mother passed away on Friday and has left her estate in her will to my sister and myself. My sister and I have split the jobs to do, and I will be doing the Probate myself. However, in her will, my mum put my surname as my husband's, despite the fact I kept my maiden name when I married, and she put my sister's…
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Changing executorship from solicitors to family
This discussion was created from comments split from: Changing Executors and IHT with charity bequests.
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Will Trust - Life tenant
I am a life tenant of a will trust set up by my mother. This is for cash only, no property. The trustees have invested it but have split it 60% income (for me) and 40% growth (for the remaindermen). I think this is unfair as I am 18 just going to Uni, and I think an 80:20 split would be fairer as I need the money now - and…
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Giving up Life Interest to Pay Other Beneficaries
Hi all I was a life interest beneficary in a property which I shared ownership with my wife as tenants in common. She died in 2022. This has now been sold, and I have bought a new home using my own funds and I did not require the trustees to help me with buying my new property. A solicitor has provided the following advice…
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Discharge of legal rights
I’m in Scotland. I’m executor of my brother’s will. He has 3 children none of which are named in his will as he has named his grandchild as beneficiary.
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Inheriting the money in an ISA that moved?
I was recently gifted some money in a relation's Will. At the time they made their Will, the person had a cash ISA, and left me whatever amount was in it after they died. Now, in the several years between making the Will, and their death, that person moved the money from the ISA into another cash ISA with a better interest…
