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R185s
I have a question concerning interest included on the form R185 issued by the trustees of a will trust (IIP) to the beneficiaries. The sole remaining asset in the trust is (now) money in the solicitors client account, and the interest thereon exceeds the £500 reporting threshold. The solicitor has prepared the R185s, and…
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Council demanding o/s care home fees from family after death
Just looking for some advice if possible please . Her care home fees were paid by the local council / part funded by her (her pensions ) She had no assets , around £300 in her bank when she passed away . She had a life insurance policy , of which myself and my sister were beneficiaries. The council has come to us saying…
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C4 corrective account query
I’d be grateful for some help. I’m dealing with my father’s estate. IHT400 submitted, tax paid and probate granted. The VOA decided it did not like our red book property valuation and we haggled and have just paid the additional iht (plus % calculated through the online calculator). Do I need to submit a C4 for this or…
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Deed of Variation
Hi - my mum recently passed away and before she died she had told me she wanted to update her will - leaving £15k each to her grandson’s and 15k to her son in law. She didn’t get an opportunity to update her Will so this isn’t in it. Both my sister and I are Executor’s and aware of her wishes and happy for the money to be…
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Probate application - "executors named in will"
On the probate online application, it asks for "Executors named in the will". My mother is the executor and my brother and I are named as substitute executors in case my mother is unable or unwilling or deceased. My mother is willing and I'm completing the application on her behalf. Do I have to list my brother and I as…
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Quick probate
Less than two-and-a-half weeks. I was expecting the same amount of months, at least. The estate is just under the IHT threshold (and actually may be exempt from requiring probate but we decided to go ahead and apply).
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Inheritance Tax - Trusts are they worth doing ?
Every time I get into a discussion about inheritance Tax the subject of Trusts always arises. Surely the HMRC and current government are not that stupid, are they a means to reduce IHT or just another money spinner for the providers ?
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Gifts during lifetime for probate
I am trying to work out what gifts need to be included in probate calculations. Guidance seems to suggest ….”Birthday or Christmas gifts you give from your regular income are exempt from Inheritance Tax”. Does this just apply to small gifts under £250? Or does it also apply to gifts over £3000 if paid from regular pension…
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Paying Bequests from Interest
A few months ago I stumbled on something on a charity's site and wish I'd made a note of it. From memory it said something to the effect that the executors could pay a bequest using just the interest (or income) from the estate. This would mean HMRC would reduce the tax liability. Is this a real thing? If it is, can…
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UK Probate disaster
From day one I received nothing short of terrible and egregious conduct in every possible way regarding UK probate. Neolithic incompetence is one way to describe it. Outright crooks is another. No responses to complaints, snowflake replies when I registered my disgust and upset, still no refund regarding their screw up…
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Will trust
Not sure if a will trust is the right idea , I want to leave 50% to my daughter from previous marriage on my death , the house is in my sole name , this was for mortgage purposes, it is now mortgage free , can I leave 50% to my husband ? The company who will set it up are saying it will not be protected if I need to go in…
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Impossible to be certain that all deceased accounts have been traced?
Hi My friend passed away in 2020 and I was one of two executors, as the other one was in another part of the UK, and I was also the main beneficiary, I was happy to deal with the estate. My friend had multiple bank accounts and also dabbled in Peer-2-Peer lending, but eventually the estate was settled and all beneficiaries…
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Swift probate turnaround
This may assist others? Applied probate online 30 July. Received email today (13 August) to say it had been granted - just two weeks later. Admittedly they then said it woukd take up to 10 days for the grant docs to arrive by post...
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My wife and i have just changed our house tenancy from joint tenants to tenants in common
My wife and i have just changed our house tenancy from joint tenants to tenants in common, as part of our will to our one and only son, and now we are wondering whether this will affect our inheritance tax allowance??
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UK resident inheriting foreign asset
Hello, If I (UK citizen and resident who has never lived elsewhere) inherit a property in Portugal from my father who was a Portuguese citizen and resident and never lived in the UK, does it result in me having to pay inheritance tax?
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Applying for joint executorship vs court direction
Hello my sister and i are both named as joint executors in my late mums will. Unknown to me my sister applied for sole probate with power reserved to me but I am concerned about her delay in dealing with distribution of assets - she is refusing to market the properties and wants to purchase herself but doesn't have the…
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New Gov.uk Probate Application
I am wondering how many people have used the new gov.uk probate application online? Are they finding it a quicker / Straightforward service? I submitted the requested original will with my application the 3rd week of August. Currently it's still on the documents received (step 2). Personally I found it very straightforward…
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Parental home proceeds to children via surviving parent
Mother sold the parental home on step fathers death (below IHT threshold) and shared part proceeds with children (30K each) just under 3 years before her recent demise. Whilst I believe such proceeds direct on death of one parent may be Nil Rate, this was indirect? and may be seen as PETS (potentially Exempt Transfers)…
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Help please with probate/ Letters of Administration claim
Hello ,I really hope someone may be able to help or advise with my situation .The basics facts are these -my father died in 2013 leaving no Will and his only asset being his house that he owned with my mother as joint tenants .As the house passed automatically to my mother there was no probate and the house was simply…
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Royal Mail lost IHT forms - next steps?
Hey all. I posted IHT forms via Royal Mail Tracked. After over 2 weeks, they have not been marked delivered. The last tracking was that it was in "North Midlands MC" Despite being a tracked service, RM have been extremely dismissive and unhelpful - they don't know where it is and assume it is lost. HMRC have not received…
