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Letters of Administration with an existing will
My sister in law died recently. She left a will, but both of her executors have died. Her daughter (next of Kin) would like to know how to apply for letters of administration where there is a valid will in existence. I’ve looked at Form PA1a and it only seems to cover circumstances where there is no will. Grateful for any…
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Advise about Probate.Hyperthetical
I hope you can explain for me. Say you had 300k joint owners house 300k pension pot and 200k in ISA split between married couple apart from pension pot which is husbands When husband or wife dies first probate would still be needed for ISA 100K Then when second person passed away your children would need probate ( their 2…
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Beneficiary under 18. Two applicants required.
I’ve looked at Form PA1P, and one section asks if any of the beneficiaries are under 18, which is the case with my sister in law’s will. It also states "Please note two applicants will need to apply in Section A. Contact HMCTS Probate to see who is entitled to make the application." Does anyone know what that entails?…
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Increase in Estate value- any effect on my inherited NRB?
Since his death, and since Probate was obtained, I have sold many items from my late husband’s collections, which have, over time, substantially increased the value of his estate, which was divided three ways, so I am not the sole beneficiary. When I completed Probate I had no idea that he had so many collectibles, and I…
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Premium bonds after bereavement
my dad passed away recently unfortunately my mum noticed my dad has quite a lot in premium bonds, which she now gets she just wants to cash them in so the money goes to her current account she is 100% computer illiterate and doesn't want to do nanything online can you do it over the phone instead and is it straightforward…
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Time scales for unique Probate code from HMRC
Just a quick question. Does anyone have recent experience of submitting the IHT 400 forms where there is no IHT to pay....roughly, how long before the unique probate code was sent? Thank you.
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Balloon Payments and IHT
Hello, Deceased had car on finance. Outstanding finance at date of death was 5753.70 PLUS a balloon payment of 12786 so total 18539. On the IHT liabilities do you state outstanding finance including the balloon payment? Chat gpt and google say yes but I wanted to check with you brainy bunch. Many thanks
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Charitable Donations and Gifts out of Surplus Income (IHT)
Hi, I would like to ask for an opinion on the following – how charitable donations are treated when they are given in combination with gifts from surplus income. In the specific scenario I am asking about, the estate will be near the threshold for IHT. Regular monthly gifts are being given to the children, well documented,…
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Reporting change to value of estate
If a further bank account is found for a deceased after HMRC has provided the executor the unique code, but before the application for a grant of probate, how should the executor deal with the probate application? It is a relatively small sum (say £900 approx) and there is no IHT payable at on the estate. HMRC say do not…
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Money Moral Dilemma: What should I do with the inherited money that I feel guilty about spending?
This week's MoneySaver who wants advice asks.. I've recently inherited some money. It's enough to buy a new car, something I do need. But I feel too guilty to spend it - I would much rather have the person I inherited it from still here, and it breaks my heart even thinking about spending it, as doing so would almost feel…
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Executors Savings account?
Does anyone know of or been able to open a savings account in executors names (2) to earn some interest before distribution to beneficiaries. TIA
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Nationwide - pay out to two accounts?
apologies if this the wrong place, but I wasn’t sure where else to post this. we’re trying to deal with my dads estate, and nationwide are saying the can only pay out to one account and not split them between two accounts. For a bit of rough context, my dad had 8 accounts, 4 ISAs, and 4 other accounts. We want the money in…
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Tax free allowance
Am one of two children- our father left everything to our Mum - bar tax free allowance! If a child wanted to claim this amount rather than carry it forward (relations are very rocky/almost non existent with Mother) where does one stand?
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Executer-dative
Does anyone know how long it is likely for the court to deal with this? Our solicitor was submitting it to the court 2 weeks ago and we have heard nothing back. We got a grant of probate for our other parent from the same court the week previously which took 3 days so I assume they are not overly busy.
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Grant of Probate post problem
I was e-mailed by the Probate Office that my grant had been issued on the 2nd Jan but it still hasn't arrived. Somebody here posted that their grant arrived the next day. The post is dreadful in my road and we haven't had any for 10 days. Sometimes we wait 3 weeks or more. A house sale sitting on this and I am very…
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Completing IHT400 - my experience!
Well, after a sleepless night worrying about completing the form (and 8 supplementary forms!), I've spent the last 2 days on this and it's about done. Once I focused and stopped panicking, it wasn't so bad. Contrary to what it says on gov.uk, ''You cannot save a partly completed form so we suggest you gather all your…
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Proof of identity to Probate solicitor
I'm a beneficiary in a will and returned all the forms I was asked to by the probate solicitor involved. I've now been told that their online identity check does not fully confirm my identity. I'm surprised by this as I'm in my 70s, always lived in the UK, always had the same name, always been on the electoral roll, been…
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Probate process question: beneficiary order and renouncing as executor
I’m an executor (along with my sister) of my late grandad’s estate. A firm of solicitors is also named as a professional executor. I haven’t seen the will yet as we’re still waiting for the death certificate, but the solicitors have sent draft probate forms which list the beneficiaries in the following order: -a church -a…
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Can I use a Downsizing Addition for IHT calculation - Gift of 50% House to Child
Hello Everyone, I have a question relating to filling out the IHT 400 and using the Downsizing Addition to maximize the RNRB and TRNRB available. Father and Son both lived in the property and it is the sons and was the fathers main and only residence. (50% ownership each, survivorship clause), with the sons 50% having been…
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Gifts out of regular income
I asked a previous question about 10k being gifted in the year of death to FIL granddaughters. I have used 3k exemption for 25/26 and 24/25. FIL has plenty of excess income to cover the other 4K. Would this be allowable to reduce the IHT charge on the 10k to zero? Thank you
