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Found some travellers cheques - can I take them to a bank ? Any recent experiences?
My father died just over a year ago and we have processed the IHT, got probate and distributed will payments etc. So far so good, no complications Whilst continuing my clearing of the house today I came across just under £500 of travellers cheques - mostly in sterling but some in Canadian dollars. I rang up the American…
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Possible tax liability on late mother's investment
Hi, Sorry long post. My sister and I are joint executors for my late mother's estate. Probate has been granted and all monies now received from banks and investments with one exception, a bond held with Aviva. As with many companies these days, the organisation is so big that getting any sort of continuity with a problem…
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Solicitor recommendation please
I have a difficult family issue and it is now time to deal with it. My rather greedy, selfish, controlling psychopath of a sister took control
of my mother some years ago and against my father’s wishes. Initially getting
added to their bank account and then arranging for our joint LPA for both
parents to be revoked and…
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Marital Home IHT Exeption Still Apply If Estate Varied To Son?
Current IHT rules state that if a marital home passes to the surviving spouse/partner, it is free of inheritance tax. If some or all of the value of that house was varied in a deed of variation to a son, is the house's value still free of IHT? Or does HMRC consider that as some or all of the houses's value is no longer…
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Chargeable Event Certificate
I am trying to complete for my late aunt a HMRC self assessment form and need to include details from a chargeable event certificate that was issued in respect of an investment bond she still held when she passed. After spending over two hours on the phone to HMRC I have come here hoping that some kind person might be able…
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Legally Required To Freeze Father's Accounts After Death?
My father is terminally ill at 91 years old in hospital. He is very traditional and controlled all finances/money between him and my mother. All his money is in his sole name and my mother has no money of her own in her name. When he passes away, is it necessary to tell the banks to freeze his accounts? Freezing accounts…
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Celebration of life funerals
Hi all, I’m looking at getting a cheap funeral plan for me & the wife,we’re both in our 70’s & reasonably good health. Co op is £1750, celebration of life is £1400 p/p. I’ve read the T&c’s & seems to be kosher with protection by financial services. What concerns me is, trustpilot has 5 stars but only 48 votes? TIA Paul
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Is probate needed?
Hi if I want to do a no win no fee medical case do I need probate? (That is otherwise not needed). I am next of kin according to intestate rules and dealt with affairs after death. We do have grounds for a medical case but don’t want to go through probate if not needed?
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Inheritance & capital gains: Wills & Trusts
I am looking for some guidance and advice on how best to leave any property or valuable to your loved ones. How can a house with mortgage be passed on to children in the most tax efficient way? Are there different types of "Trusts"? Or, is a Will the only poor man's way (i.e. without limited companies etc.)? Are solicitors…
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Current HMRC / probate timescales?
IHT 400 and related docs submitted to HMRC end August (with payment).Anyone know current estimated* Timescales for HMRC to process* timescales for subsequent Probate application Thanks
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Changing Executors
I created a will over 20 years ago when I got divorced. I assigned two individuals to be the executors. My children were young at the time, and the people I chose as executors are older than me. The instructions in the will are straightforward: sell all assets, pay off any debts, and then divide any remaining money among…
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DWP overpayments
Hi May father was signed off work 5 years before he died. The only capital he had was a 1/6th share in a piece of land that he couldn't sell as the other owners didn't want to sell. He was initially refused benefits on this basis after the DWP decision maker estimated his share to be worth 20.000. My father subsequently…
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Will distribution in Scotland
Hoping for some help from people that know a bit about the law in Scotland. My MIL is mid eighties and wants to set up a will where my wife and kids will be the only beneficiaries, however my wife has a brother. She's been told that you cannot disinherit kids in Scotland, so her son (black sheep of the family) will…
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Rebate understanding from HMRC - when part of inheritance
Hi, really struggling to find clear information and hoping some clarity on here, and just impossible to get through on the numerous tries to HMRC. My nan died a couple of years ago, and her request was everything was split equally between 3 of us. Estate went through Co-op, but they closed the last part as HMRC were taking…
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Help getting copy of divorce decree absolute
currently helping a friend and her son apply for letters of administration following the sudden passing of the boys father, there was no will. Need to supply the divorce papers as part of the LoA . the divorce was completed/finalised at Hitchin court 14 years ago, since then Hitchin court has close so her application was…
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Grant of Confirmation
With the great help of this forum I submitted a grant of confirmation form C1 to my local Court a few months ago. The process is now concluded but it was twice returned to me, wrongly in my view, and I would appreciate comment on this, specifically the second return. Note there was heritable estate (property) and a…
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IHT pay by installments calculation
Hi How do I calculate what IHT I need to pay now if I apply to pay by yearly installments? House value £545,000 + Other assets £440,000 (share ISA) = £985,000 Less nil rate allowance £500,000 IHT due £485,000 x 0.4 = £194,000 Do I just need to pay 10% ie £19.4k before probate? Thanks
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Disregarded Capital After Death?
Hi. My father passed away in 2021. He was in reciept of benefits five years prior to his death but was initially refused them due to owning 1/6th of a piece of land with his share exceeding the 16000 threshold. After the other Co owners signed to say it couldn’t be sold as they did not want too, my dad started recieving…
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Land Registry overreaching Trustee
Hi, any advice most appreciated. My mum passed away approximately 7 months ago. We were not expecting her to pass as suddenly as she did. She was a young mum and her partner was only a few years older than me. A few weeks before she passed, mum shared that her partner had been trying to get her to agree to being removed…
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HM Land Registry - Witness & Verification of ID - Forms AP1, AS1, ID1
Finding the HM Land Registry forms very difficult to understand , having to navigate to different links on HMRC website to figure out how to complete various sections of the forms AP1, AS1, ID1. These forms are for the transfer of my deceased father's property to my sister and it should be straightforward as no third party…
