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Prepaid Cremations
I have noticed that it is dearer to prepay a cremation plan than to pay when the time comes. Why is this as they can invest your money.
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Probate
Hi all Thanks to the advice I've been so grateful to receive on this Forum (thank you all so much) have had confirmation from HMCTS they have received our probate application, having submitted IHT400 etc and receiving the code. HMRC said they'll contact end of Feb if any queries about IHT so crossing everything we…
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Probate/IHT Confusion
I thought that I would write some notes to help my OH when I depart. I'm assuming we will still be in IHT territory, my wife would be the only beneficiary so no tax would be due at that time, and my limited knowledge is that she would start the process with the IHT form 400 (with necessary sub forms like gifts given within…
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Premium Bonds and Probate
I am a joint executor, with the spouse of the deceased, of a mirror will. I know there was a previous thread about NS&I requiring probate but it didn't cover my query, which is if we just wind up everything and leave the premium bonds where they are (it is the only organisation requiring probate) am I correct in assuming…
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Beneficiary wants to buy
There are 3 beneficiaries with me included; 2 are siblings of the deceased; I'm beneficiary & executor of the Will (I'm still a while away from grant of probate). One of the beneficiaries is considering buying the house and asked for various info. I've not yet informed the other beneficiary about this (I think that I…
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I don't understand inheritance tax
I recently lost my husband, and I feel dreadful. I have been bombarded with correspondence from the authorities regarding tax payments. I am entitled to a widows pension which means that I have to start paying tax. I was my husbands unpaid carer for along time and I was a non tax payer. A Letter from HMRC is asking for…
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Gifts, selling or inheritance
Hello, I'm looking for some advice or input on something I'm unsure about. Unfortunately, my father is terminally ill with cancer and he has a few months to live. As far as I am aware his will and affairs are in order. I've been to see him today and he's made a strange request. He wants to sell me his car for £1 and have…
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Should I cover myself with Gazette notice?
Hi all, I'm the executor of my father's estate that has difficult beneficiaries (I am one of the beneficiaries too). They have questioned why I never placed a notice in the Gazette for any creditors to get in touch. I've never been an executor before and never knew about the Gazette so it's my fault. I'm 99% confident…
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LeO complaint against solicitor
Hi 👋 My family have been having trouble with a solicitor for over three years now, so the LeO has taken up our complaint. Can anyone tell me if it is ‘ legal ‘ for the solicitor to hold onto our inheritance ( £50k ) from the sale of our late Aunts house. He has withheld this amount apparently until the complaint has been…
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Unmarried couple owning 2 properties with 2 children
Am I correct in believing that if one property is 100% owned by one individual in an unmarried couple and the second property 100% under the other individual on the Deeds at Land Registry instead of both being 50% owners of both properties this will be beneficial for IHT on death of either when there are 2 children? Will…
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Tenants in Common after death - what's required
My dad died in March 2022. He and mum owned their property as tenants in common. He left everything to her, and there was solicitor involvement (we had to get a deed of variation) so we thought no more about it She is now selling the property and having accepted an offer and started on the legal process it transpires that…
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Inheritance tax treatment of gifts when first parent dies?
I’m confused and can’t find the answer on HMRC website. I note the rules around gifting and 7yr period etc. What I can't see anywhere is whether any gift becomes liable for inheritance tax when the first parent dies or whether it only becomes a factor when the second parent dies (assuming the first parent leaves their…
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Property nil rate band
Does anyone have any experience of transferring the property nil rate band? it’s my understanding that I can transfer my mothers unused property nil rate band now my fathers passed. My father had remarried but my mother’s allowances hadn’t been used as it all passed to my father before he remarried. Because my mother…
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Reluctant Executor
Where there are 2 Executors for an Estate, is there a path for one Executor to cancel their role due to inability and/or ill health?
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Abandoned property, no probate
We bought a semi-detached last year and the attached property is abandoned. A family come from time to time to clear it out, but it's a mess and we get rats. We later found out it's been empty around 10 years, lady died 3 years ago. I've checked Land Reg and property still registered to lady who passed away. Probate check…
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DWP recovery from estates - Pension credit
My mum recently passed away in September - she was in receipt of a very small state pension and so she got pension credit. These were her only forms of income until 5 years ago she had a serious fall and became disabled and then she qualified for attendance allowance. Over the years I have always lived with mum, and I took…
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Inheritance
In short, my aunt passed away in 2022 and had written her will in 2018 when my daughter was 6 years old. At this point I only had one child and my aunt left her quite a bit of money in her will. Fast forward to 2022 when she passed away, I now also have a 2 year old and then went on to have a third in 2023 - so after she…
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Credit card charge on probate fee.
Paid and sent off the probate paperwork last week.Today,checking my credit card transactions online,I was shocked to see a cash fee charge .It was dated the same day as I paid for a few other items so not sure what it was for. I rang my card provider and was told it was in connection with the probate fee,5% of £218…
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Applying for Probate for an Adopted Person
Probably the first of many questions! I’m just about to apply for probate for my recently deceased, adopted son. I understand I need to obtain at least 6 copies of his birth certificate - but these are in his birth surname not adopted surname - do I need to order 6 copies of his adoption certificate too? thank you in…
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LPA query as result of BBC R4 investigation
I am sure many people will have been listening - aghast - at the "The Willpower Detectives", by an investigative journalist on Radio 4. One throwaway line in the final programme intrigued me. A senior legal person who'd been involved with the Court of Protection explained that the CoP didn't get involved with investigating…
