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Unusual clause in mum's will to repay debt
Hi all, I'm hoping someone can help me with this as i am very confused. I am one of four children and my eldest brother has helped my mum write a will, has POA and is the sole executor without our knowledge. My mum has said that the estate is to be split equally between us. However, he has put the following into her will;…
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Intestacy and Letters of Administration
I am the friend of the son-in-law of a gentleman who has died intestate. The deceased has two sons. He also has three grandchildren from a daughter (wife of the son-in-law) who predeceased the deceased and thus would be entitled to the share of the estate that the daughter would have received. Thus there are five people…
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Backup Executor
I have one person listed as both executor and trustee of my will. I also have one person listed as a backup executor, in the event of anything happening to the primary person. Q. If something did happen to the primary person, and the backup stepped forward as executor, would the back also become trustee?
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Executors and self-dealing
[Deleted in case of identifying details - query about selling inherited property shared between beneficiaries, pricing]
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Discretionary trust - removing a trustee
I'm a trustee of a discretionary trust that was created by the will of the settlor when they died.One of the other trustees is refusing to act and no longer wants to be a trustee but they are refusing to make a deed of resignation. One option seems to be to remove them using Section 36 of the Trustee Act 1925 on the…
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District Valuer question
Hi, My late fathers estate is currently going through probate, a solicitor is carrying this out and house valuations have been provided and the estate is subject to inheritance tax. I’m just wondering what the chances of a district valuers visit is? Are these just picked randomly?
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excepted estate
i'm just organising some bank statements to take to solicitor for what I believe is an excepted estate and i have been looking at the isa bank statement.I forgot that last year when I opened a new issue isa for mum instead of keeping the interest in the isa I had the interest paid in to mum's current account each month…
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Co-Executor demanding rent.
Hi all, I am new to the forum and come here looking for some guidance. Apologies if this has been answered previously. My mother passed two years ago. Her will named my sister and myself as co-executors and beneficiaries. We had and still have a very fractious relationship. Before my mothers funeral my sister was looking…
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Setting up a Trust
I need to set up a trust, but haven't a clue where to start. Do banks do them or have I got to look elsewhere and are there charges to set up?? Any help gratefully received.
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Reservation of Benefits/IHT in Scotland
I have what I perceive to be a really complex issue so hoping for some guidance as to what to expect (Solicitor is not available for another month and I don't know if we have got that long TBF). We live in Scotland (moved here from England in 2018) and my MIL is fast approaching end of life. I'll mention @buddy9 now as…
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Dad died leaving half house in trust, what to do next?
Hi, sorry to start another thread but I couldn’t see recent posts similar to my situation. My parents, tenants in common, set up mirror (?) trust wills so that on the first person passing their ‘half’ of the house goes into a trust - the trust period is from the first parent’s death until the second parent’s death (sorry,…
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Discretionary Trust Will
Hi, I have just read a big article in the Telegraph recently about discretionary trusts being set up. I wonder if someone can give me a bit of advice. I do have a solicitor but want to make sure I have the correct information before seeing them. My dad recently died and we are near to finalising probate. The solicitor has…
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Inheritance Tax IHT400 / IHT403 submission - Reserved Interest Trust
My father has passed and entered into a Reserved Interest Trust in 2006, the beneficiaries being his children. He relinquished ownership of the investment (to the Trust), but was nevertheless able to withdraw 5% of the capital per annum (effectively tax free), which he did. Does this mean IHT403 needs to be completed and…
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Intestate situation
Sort of using this as a shoulder to cry on ,and no doubt i will get a few hard hearted responses but maybe a few sensible ones i sort of know the answer anyway as its seemingly very clear cut wifes father died couple of months ago-youngish age and out of blue -it sadly happens. she was 'close'and still very upset -will get…
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Paying Inheritance Tax
Hi Im executor of my aunts will, and have just completed the IHT400 and now looking to pay the tax bill. Im just going through the companies that will release payments direct for tax payment to HMRC and have a number to ring to confirm if they can tomorrow, but wanted to see if anyone knew if you can use FRISA and ISA…
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Lasting Power of
We like the look of the online service provided by Which for Lasting power of Attorney for both Health and Finance situations .Has anyone onboard chosen to go down this route and if yes how did it go? Also if done online do you have to print off documents to have them signed or can they be signed electronically? Thank you…
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Will made before marriage
When making a Will in anticipation of getting married that you do not wish to be revoked by the marriage is there any specific wording that needs to be used?
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How to successfully complete C1 probate form Scotland?
Is there anywhere online I can see an example of a successfully completed c1 Scottish probate form?
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Liferent Trust (Scotland) and Council Tax exemption
My mother’s half of the house was placed inside a Liferent Trust with my brother and I as trustees back in March when she died. Dad continued to live in the house but has recently passed away. As the house is unoccupied for now and will eventually be sold once Confirmation is gained, I was looking at the situation with…
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Form PA1P by post and ID
Applying for probate by post using form PA1P. Do I need to send ID with the application form ?
