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Iht and probate
Hi, I'm trying to work out what allowances are deductible from a deceases estate for probate and iht purposes. I am aware that the funeral expenses can be paid directly from the deceaseds account to the undertaker but what about other costs that are incurred by the estate after death? For example Solicitors costs,Death…
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Direct cremations
I am interested in getting direct cremations for my dad, in the event that he passes away in future. Unfortunately he is elderly and frail so isn't going to be around for long so I thought I should start looking into the issue. He lives in London so I wonder if anyone has experience of direct cremations in London or…
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Immediate Post Death Trust
My dad died and wrote his will in such a way that he left half the house to me and a lifetime interest to my mum. I have been reading and it seems like an IPDT has been created? Please correct me if I am wrong. I looked into how to go about registering this and that seems okay and straightforward at HMRC but I was…
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Probate Solicitor
I lost contact with my grandad in 2022 after a move and tried to find but he couldn’t, did report him as a missing person. it was let slip by someone they had married but I can’t find a record of this and that he was in a care home under a POA or dutyship with her daughter. He has passed away and no one told us. They…
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Need advice and don't know where to turn!
Sadly my father has passed away. He had a will and named me as the executor to his estate. Some key points - He had no assets, either in items or property. - I have not yet accessed his bank accounts as awaiting registration of death and certificate, but I am pretty sure his balance will be pretty much zero. He had no…
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Income vs Inheritance tax on credited vs accrued savings interest
Dad died 1st April 2023. His estate should be relatively simple to process because we had converted all his assets (house, stocks , premium bonds) to cash over the last 12 months. That cash was in his almost zero interest bank account. Last November because of rising interest rates we opened 2 restricted access banks…
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Inheritance tax
A few years ago I inherited my Parents home in Devon. I used to live there as a child and up until age 26. However, I am now and have been for several years living in Dorset, because I look after an ill friend at their rented council house. I use their house as my address. The council treats my inherited house as a second…
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Executor disagreement - do i have to pay other executor personal legal fees?
It just gets worse.... The 2 executors (X & Y) disagree over estate administration - X is happy to DIY as will save circa £20K+, the other wants to use their favoured solicitor. Solicitor has been informed by X that they should not do any billable work against the estate. It all kicked off Solicitor has come back saying…
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Age UK LPA - any thoughts?
We are getting our wills completely redone at a solicitors but they want an arm and a leg for the LPAs. I saw that Age UK offer a service for doing the LPAs which seems to be reasonable. Does anyone have any experience of using this service with them? What is the difference between what they offer and what the solicitors…
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Probate/Confirmation if intestate?
Hello everyone. I'm looking for some advice. Apologies for this but I can't find any threads that covers probate/confirmation without a Will. My father passed away intestate and my mother is still around. We want to give my mother probate/Confirmation to deal with his estate. It should be a simple one as all they have is a…
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IHT installments
I understand you can pay IHT in instalments if a property is passed on to the children. If the estate has enough cash in bank accounts to pay the IHT (including that in property) do you have to use the cash to pay it or can you still pay in instalments for the effective IHT for the property passed on? I hope that makes…
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Completing C1 form
I've been trying to sort out my late father's estate now for months but having problems submitting the C1 form to the local sheriff Court. Its a large estate but it only has 2 bank accounts, no property or shares. I'm the only person named in the will so how difficult can this process be? I've looked at as many examples as…
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Two Administrators disagreeing ??
Hi there, I am an administrator along with my sister for my late sister's estate (she died intestate). We have received offers at the asking price on my late sister's house, but my living sister (the other administrator) wants to sell the house to her daughter below the asking price. I have told my sister that I will not…
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Creating a will / LPA for a Spanish resident with UK citizenship
Good afternoon, My mum moved to Spain to reside permanently in retirement and still hold a Bristish passport. She has a number of offshore accounts and UK accounts. All other personal effects are based in Spain. She has put together a will using an "at home" service. I need to know whether this will be sufficient to make…
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Bullying Beneficiary - What are their rights to estate accounts?
Hi All, My sister died intestacy with no children, so her estate must be divided between her siblings. My living brother's children wanted to buy her house at a considerable discount. This was rejected as it would mean the siblings giving up most of their share of the estate. My brother's children have been bullying me and…
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Revising a will...options
Hi all, a few years ago we used the "free wills" service and a local solicitor. It is a relatively simple mirror will, and we just specified percentages to various charities, family and friends.However we are now looking to make some changes, mainly changing a couple of beneficiaries, and also changing some of the…
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Tracing beneficiaries
My husbands father was left a bequest in a will in 1975, but he had deserted the family years before and as far as we know, has never been traced since. We have been compiling a family tree for some years, and have never been able to find a record of his death, only his birth in 1919 and his marriage. The bequest came to…
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Stamp Duty
I should be grateful if any stamp duty experts on here could advise me on what stamp duty is due on the purchase of my deceased parents’ house. I have agreed a price of £355,000 with my two siblings. The total estate is worth £896,000. I calculate I will need to pay my two siblings approximately £76,000, after costs on the…
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IHT 403 - what is income
I have been starting to create records for IHT 403 and would like clarification on what is income. Can it be simply defined as money received that is potentially taxable and therefore does it, and the IHT 403 record, exclude money I may have taken from savings for a particular purchase. I may reduce my savings by £10000 to…
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IHT instalment overpayment
We paid the first instalment due on 1 October 2024 before we received probate. Having collected all the money owing to the estate, we can now pay an additional £50k; however, there is a lot of conflicting information online - and from HMRC - as to how this overpayment would be allocated. Can anyone confirm if and how…
