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Probate Value
So I did probate myself and guessed as the value of the house, when probate came through I got the estate agent and put the house up for sale at more than the probate value, I just had an offer which is £20,000 more that the probate value but lower than the estate agents valuation. Can I change the probate value due to my…
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Copy of Letter of Administration
Hi My dad died and myself and my siblings were administrators of my dad's estate, everything has been settled now but I'm currently pursuing a clinical negligence case against the hospital regarding my dad's death and the solicitor wants a letter of Administration in order to proceed. I can't find this anywhere! Is there…
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PET gifting via joint account
My wfe and I would like to make a PET gift (say £100K) to our adult son. We are likely to exceed the IHT threshold, and are both at an age where we don't want to predict who might die sooner, so hedging our bets seems best. We have a joint bank account and separate ISA accounts. If we each make a transfer of £50K from our…
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Widowed - how much nil band IHT left to transfer to surviving spouse?
I've had no contact with my former in-laws or the executor of my late wife's estate since 2013, and I have no idea how much her estate was valued at and how much unused basic threshold for inheritance tax might be available to transfer to me. She died in 2013 so threshold was £325k. Her sole assets came nowhere near that…
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Probate, bank account, power reserved
Hi My Mum passed away last week. Her will is all in order and we are currently waiting for the death certificate so I am away I am a bit limited on what I can do right now. My sister lives in Australia and is currently back in the country. We are both named as executors on her will. Due to where she lives, I intend to…
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Retrospective gifting
My mum died in May 2024, my father is still alive. IHT is not an issue. Can we make a £6k gift from "both" for 2023/24 and the same for 2024/25?
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Questions on residential nil rate band (IHT)
Can someone confirm if the residential nil rate band (RNRB) is still intact for my parents if they have gifted a share in their residence to me/sibling? Assuming my parents' share is still worth over £650k (which it would be quite comfortably), would they still get the full nil rate band, i.e. £1m in total? Any thing i…
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Gifted money
My mum has kindly gifted me a large sum of money. She's wanting to help me pay my mortgage off sooner as it was due to run until retirement age but I'll health has put doubts over whether I can work that long. My Dad died last year so Mum's had a lot of money come in. I'm now worrying about this though. I know that the…
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tax
I what to live my house to my daughter with a revise that it
then passes to surviving grandchildren dose this course a tax problem they are
6 grand children at this time 4 children to daughter house is being left to and
2 of her sisters
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Some probate and Will questions
My step-dad died a year ago. Before he died he changed his will. This involved severing the tenancy on his house (moved from joint tenant with my mom to tenancy-in-common - 49% his side and 51% hers). However, he took her off as executor and two his children became executors and trustees. She is not mentioned in the will…
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HMRC Inheritance Tac Clearance Certificate / Can Estate Beneficiary Contact HMRC about the it being
Hi, The executor (individual) on my fathers estate has been very unhelpful throughout the whole probate/IHT process to the point where I now feel like I need to contact HMRC to see if the IHT clearance certificate has been issued. For context my father passed away in spring 2021 and probate was issued in spring 2022 yet…
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Help on completing C1 form for Confirmation of Estate
Hi, like almost everyone on here I do not want to pay a solicitor for the administration of confirmation for my late mums estate and I see that this forum has been excellent at providing help and guidance, particularly guidance provided by @buddy9. I am hoping someone can assist with the following: 1. I am executor…
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Wills and IHT threshold
Hi, I am in the process of updating my will due to the amount of IHT my daughter will have to pay. My assets, include rental property, jewellery and my residential property, amounting to circa £650K. Do I specifically need to include leaving my home to my daughter in my will in order to increase my IHT allowance from £325k…
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Inheritance tax and life interest.
Hello all, My father in law passed away nearly 4 years ago and the solicitor dealing with his estate has made the process so complicated and upsetting with mistake after mistake. Probate was finally passed in February, the solicitor then admits they have overpaid the inheritance tax by £90,000 and 7 months later we are…
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Using the same text from an old will to create a new one
I have a Will drafted by a solicitor 10 years ago, signed and registered with the National Will Register. Things have changed and I now need to update the beneficiaries, the executors and the percentage split of the assets. I don't have children so it will go to other family and charities. I do have a niece with…
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Registering A Trust
Have been trying to do this for a couple of weeks but the link does not appear to work and HMRC are worse than useless as they say they are unable to help. Can anyone let me know how to set up the trust for a savings plan and what details are required to dod so. Thanks in advance.
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Can a will be ignored if no beneficiaries ever challenge it?
A recent bereavement in the family has made me query this issue but it’s more of a general question. If the executor ignores the will and no beneficiaries ever challenge it, what happens? From what I’ve read, it seems that the law allows the executor and/or next of kin to distribute property, money and other assets as they…
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Will Advice
Not sure if this is the right place to post this but I'm just after a bit of advice about setting up Wills. I have a free Will service benefit through my employer and had a couple of meetings with the solicitor but at the end it felt like a sales pitch trying to get us to pay for extras like setting up individual trusts…
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Inheritance tax on charge on property
Wondering if someone could point me in the right direction. I’m in the process of buying a house using a gifted deposit from my mum (who is thankfully alive and kicking). A legal charge is being put in place as part of purchase agreement for full repayment of sum. The plan is to remortgage in a couple of years with my mum…
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Inheritance Tax changes in the budget
Can anyone please help - I can't find the answer anywhere. As a result of the budget pensions will come within the scope of IHT and therefore my children will suffer 40% IHT on the unused capital they will inherit within my pension. Will it still be the case that if I die after the age of 75 that they will pay their…
