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Life Interest Trust & IHT400 (both parents passed away no trust set up)
Hi All My parents had mirror Wills set up with a Protective Life Property Interest for each other. Father died 4 years ago and the Trust was never set up. Our mother passed away in April 2025. We gathered all the figures together for IHT (the allowance of my father of £325k and our mothers £325k means the estate is under…
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How to record a bequest from a will?
Surviving parent passed away recently. Will nominates myself and brother (no other successors) as executors. No specific bequests were made in the will, merely for executors to act in disposing of the assets of the estate. The unwritten agreement (perhaps unwise but it has stood the test of time!) with parents/brothers was…
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Solicitors have lost my FIL’s Will
Hi thanks for any help in advance. FIL has passed away and organising probate. We have a letter from solicitor saying they retained will but they’ve just told us they don’t have any trace of it. We do have a copy. They have asked us to pay for searches. I’m concerned they haven’t taken any responsibility. What are my…
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Probate
My MIL died recently. My FIL is the sole beneficiary in her will. He also had LPA for her for both health and finance. They had owned a property jointly and as her savings were less than 50k, Lloyds bank have confirmed that they are happy to transfer the money from her Lloyds account into his on her death when the death…
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Looking for advice on Wills etc
My wife and I want to arrange our will and PoA Our affairs are fairly simple We have one adult child Plus I have an adult child from a previous relationship I want my wife to have everything if I die first I want both my children to share everything should my wife die before me I will make one gift to charity My wife wants…
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IHT400 - Do I need to complete this?
Hi, My mother passed away in July 2025 and I'm gathering all the details/values for her estate. I have had it confirmed by two lawyers that as no financial institutions have asked for 'confirmation' I don't require to apply for it - which was good news. However, IHT 400 appears is still needed. Mum gifted her house in 2014…
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Credit Seaches for Estates bills
I am dealing with a family members affairs. I am Executor and am managing Probate process for the house and the bills. Im trying to understand if I will encounter several Hard Credit Searches personally for the suppliers. Specifically EDF and Sky Broadband which I dont want to be disconnected. They have transferred the…
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Inheritance tax allowance transfer after death of 1 parent. Do I need to complete any forms??
Hi all,I am trying to work out potential inheritance tax. Mother passed away 5 years ago and left everything to father. Current estate, with property is worth around £500k. (ie exceeds the £325k limit).On the death of the first parent does their inheritance tax allowance automatically go to the surviving parent, (ie ging a…
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Severn Trent issues in settling decease estate
I having all sorts of issues with Severn Trent regarding my father in laws estate. They have confirmed that he had £190 in credit but will only issue as a refund to his bank account which is frozen or to the beneficiary via proof of a will or legal letter of administration. There was no will and as the estate is small…
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Charge on estate
My late fathers estate had to be registered with land registry (the buyers insisted). It has returned with a charge on the land incase any inheritance tax is due. Probate and zero tax confirmed in January and no further contact was made by HMRC so 60 day period where automatic charge removal should have happened is up.…
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Multiple on-line accounts. How will family find them?
I have a number of on-line accounts; current accounts, savings, shares, premium bonds etc. I have put a list of the banks in a spreadsheet, which my wife and kids have access to. The idea being that they can contact the banks when I finally leave this world. I try to keep it up-to-date but, as I often swap banks to get a…
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IHT411 AIM Inheritor plans (BR)
I would please like some help with reporting two AIM IHT plans, (if I have to) set up for my mum in 2014, she has since passed in June of this year. I am aware that these should now fall outside of the Estate after 2 years under 'business relief'. Should these investments still be listed in the 411 for IHT consideration?…
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"Excepted" Estate
Hello all - I'm trying to sort out my mothers will along with my two brothers. All three of us are executors and are the main beneficiaries. Mum's assets are principlally her property with a few thound pounds in the bank. Her house has been valued at around £325,000, right on the cusp of normal IHT allowance. Add in the…
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Forms IHT301 and IHT 302
I posted a while ago about the time it might take to get a 'Final Assessment' to find out the remaining amount of IHT plus interest in order to pay it and then distribute the estate. As seems inevitable we have now received the answer but find that the confusion is now greater. Prior to the grant of probate we received a…
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Living trust will, changing it to discretionary trust
Just looking for advice, or where to start, it’s been an emotional rollercoaster, mum had a living trust will, and tennents in common with my stepdad, living her 50 % of the estate to me (25 %) brother (25%) sister (50%). Mum passed away dec 23. We all signed TR1 forms to put us on the tittle deeds of the property, and…
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C1 Confirmation help required
I am helping a friend with a C1 submission to Falkirk Sheriff Court. Confirmation is required by a bank. The estate is valued at circa £110,000, no heritable property. The court has rejected the initial C1. The deceased's home address was in the Strathclyde Sheriffdom and is shown in the Will. They passed away in the…
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IHT400 - Box 118 ends up a negative number, is this right?
I've completed everything in the schedules, transferred all the numbers and I end up with a chargeable estate smaller than the combined NRB and RNRB - so in box 118 ('value chargeable to tax' I've written in a negative number that results from the calculation specified of Box 114 minus box 117. Is this correct or should I…
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Instructions in a LPOA
What kind of instructions are usually added to both kinds of LPOA to ensure your wishes are met after you lose that ability to manage your affairs
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Large charity V solicitor as executor
Hi, I was looking for some advice. I will be choosing either a large charity or a solicitor to be the executor of my will (all my money will be going to charity). I have some small wishes that can only be carried out once I'm dead that are important to me. I'm including the wishes to the Will but understand wishes are not…
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Question on gifts
After meeting with our financial advisors I am preparing an executors' file for our sons (ages 25 and 21) to help them when the first of us dies and then the second. This means I have to understand what is needed for probate in both instances. As it stands at the moment the estate on 2nd death will be liable for IHT. Basic…
