-
Intestacy Dilemma
Some advice would be appreciated. England. My only brother W died last month in hospital just before a will was to be signed by him (he was too ill to complete it, hence intestate) in which he names a child he and his wife (d 2014) gave up for adoption due to health and addiction problems. It is a cash only estate. I…
-
Who physically pays the IHT following a large loan?
FIL has given a loan of say, £100K to a child to help buy their home. If FIL dies within the 7 years: 1. Does the child have to pay to HMRC IHT of 40K (its now tied up in a home, so how?!?) 2. If not, does the 100K just get "added" to the estate value, so all beneficiaries effectively share the burden of the IHT ? Child…
-
IHT418 Trusts
Hi, I hope someone can help, this is very basic, and I am trying to navigate these forms. My parents both set up a 'whole of life' insurance policy in 2001, in trust for the beneficiaries, to mature when they both died, both parents have now both passed. Also they set up 2 'inheritor Trust funds' in 2010. Reading the form…
-
Dealing with 2 x deaths, one with a will and one without
This could get confusing so bear with me. On 6th August- my Nan died. Then suddenly we lost my dear dad 3 weeks later. My Nan had made a will leaving my dad and his sister as executors. Dad then passed away meaning his sister would naturally be the one to start dealing with things. We visited the solicitor and she advised…
-
Inheriting parents home with sibling.
So my mother wants to make a will so the house that she owns is left to 50/50 between me and my brother. My brother still lives at the property and would more than likely stay living there in the future. When the dreaded day comes would it be just a case of my brother having his name on the house remortgage it for half the…
-
Will solicitor insolvent - advice needed
Hi all, about 7-8 years ago, my partner & I (unmarried, with 2 teenage children), took out a Will using a small local firm of solicitors, who I now understand were specialising in mortgages, but included Will writing amongst their services. I have recently tried to contact them to possibly make some updates / changes, &…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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.…
-
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…
-
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?…
-
"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…
-
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…
