-
Lump sum death benefits
Hi all I’d appreciate any advice on the following. Recently a relative died and there is some money in an investment fund. I’ve applied to have this paid as a lump sum but have received the following from them: The Lifetime Allowance was abolished on 6 April 2024, however as you may be aware, there have been some…
-
Changes to Death Certification from 9th September 2024
I heard a briefing on this (due to my work role) and thought ‘I should mention this in the forum on MSE’. Because it’s new, the information even on trusted sources online is still being updated and if someone ‘learned’ the process when they have lost one parent or relative, it could be disconcerting to find the process has…
-
Register a death within 5 days - what if we can't?
Hello, My Mum sadly passed away on Thursday evening (5th Sep). Responsibility for registering her death at a Register Office falls to my Dad, with our support. In England, guidance says you must register the death within 5 days. Guidance on gov.uk specifically says this 5 day figure includes weekends. Guidance from the…
-
bills exceed funds on death of parent
My mother recently passed, and I am executor of her will. I hadn't seen her in several years until just before she passed. My sister had been managing her finances as a representative (didn't know until recently). I received the original copy of the will. In it the beneficiaries of any estate are her children (4 including…
-
Buying out siblings advice
I'm currently going through a solicitor (well conveyancer) to help me buyout my two siblings from their share of the inherited property and I get the impression they're making it a lot more complicated than it needs to me so looking for some advice, particularly if you've been through the same process. Quick background; we…
-
Interest in Possession Trust - ongoing administration
I am the lead trustee of an Interest in Possession trust which was created when my sister died. It gives her husband the right to remain in their house until his death. A Will trust and a Property Trust have been registered with HMRC and I have written confirmation of this from HMRC with Unique Reference Numbers for both…
-
IHT online calculator - no will
Applying for probate and going through the IHT calculator and want to check that I've interpreted these correctly. The probate relates to a person who has died without a will, but has a surviving spouse with a jointly owned home. Did they leave a home to a direct descendant? Answer: No (because there is no will) What was…
-
Inheritance
Mum passed. 6 siblings. Only 1 got estate. Mum informed 1 of 5 other siblings she had not made a Will a couple of weeks before passing. Other 5 siblings don't know value of estate or whether there was a Will. Mum had many rental properties but we're not aware of addresses except 2. Did property search, revealed nothing in…
-
When to open a bank account for Probate, any recommendations?
My
mother passed away last April, joining my father who passed a few
years earlier. I’m executor of my mother’s will. I’ve
instructed her solicitor to sort out her inheritance tax and to
prepare and send the various Inheritance Tax Forms to HMRC and to
apply for Probate. He did this about 3 weeks ago. I’ve
given her…
-
Wife passed away - what to do about probate?
My wife passed in March. We own our home "jointly in shares" without a survivorship clause. My wife did not have any large funds or assets other than our home. I am in Scotland and we have two kids. There was no will. I wasn't planning on applying for probate as I'm not planning to sell the house or anything. I'm now…
-
IHT to pay or not ?
Hi all. My husband recently died, and I am the sole beneficiary and the sole executor, in his Will. As the Will is straightforward I shall be sorting the probate, but I haven't yet applied. Do I need to know the total value of the estate before I apply? Do I need to include the valuation of our jointly owned home in a list…
-
Tell Us Once & HMRC Response
Im the executor for my mothers will. Its pretty simple no IHT but of course with the sudden increase in interest rates and reduction in tax free allowance means some tax will be due but wasnt collected via PAYE for the last tax year and also for the few months of this current tax year prior to the date of her death. Its…
-
Vested intrerest?
Hi, In the UK can someone gain a vested interest before probate is granted?
-
Legal or not?
My grandparents passed away and their house has been through probate and will be sold in the coming weeks. The executor of the will has debts in his name (unpaid council tax and rent) at my grandparents property. He is going to use the other beneficiarys share to pay these off even though these debts are in his name alone.…
-
Inheritance or gift - advice required.
Hi, my Uncle sadly passed away 15 months ago. With no will left his brothers have gone through the probate process and I'm led to believe my Mom (his remaining sister) will receive somewhere in the region of £60,000.00. My Mom still has a mortgage to pay off amongst other things but wants me to have a substantial sum, I…
-
Probate lapsed how assign property
My mother in law died over 2 years ago. We were unaware that probate lasped and having dealt with the rest of her estate are left with a wooden shack which we need to assign. it is unclear if this property is registered with the land registry as it is off grid. how do we go about assigning it? is it even worth considering…
-
IHT Gift and joint account
Just a quick one I hope someone can help me with. My mum regularly gave me and my brother the £1,500 annual gift allowance limit per year, whilst my dad often gave more than this because he said he had a larger income than her - and usually moved him money into the account ahead of the payments. But it came from their…
-
Confused.com on IHT and CGT
My grandmother passed away in 2019 and through her will, placed a property in trust giving my aunt the right to reside in it. My Aunt lived in the property all her life as her main residence, but she has now passed away (May2023). Im in need of advice as I’m seeking to sell the property, and would like advice on the CGT…
-
Land Registry form query
Help please with Land Registry forms. My Dad and Mum owned a flat as tenants in common. Dad has died and I am executor, I have obtained Grant of Probate. The flat now needs to be just in mums name. Am I right that forms TR1 and AP1 are required plus ID1 for both myself as executor and my mum as transferee? There’s a form…
-
Help with an unresponsive solicitor
I am both a beneficiary and an executor of my mother's will. My mothers house was sold on the 20th of July after a number of shambolic attempts to get it sold. Completion day was the 20th of July and the new owners have been living in the house from the same date. On the 20th of July the solicitor informed me, there were…
