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Probate and IHT 400 Form
Sadly my mum passed away early January. I thought I might try to do probate myself. There is only the house that needs probate. I cannot work out if I need to complete a IHT400 form first. House value is £600k, she has £42k in her bank account and gifted in the last 7 yrs £145k. I thought the iht band was £325k plus £175k…
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What does 'income' mean in a Trust?
Life Interest Trust defined in Will - it incudes a clause that says: ...and to pay any income from the property in which the proceeds are currently invested and any income from my House and the Contents until sale to the Beneficiary during the Trust Period. Can someone smart please clarify what income means does this mean…
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Life Interest Will Trust - IHT on beneficiary death - who is fined for late payment
My understanding is that when the Trust beneficiary dies the Trust assets are treated as part of their estate with IHT due on the total amount and their NRB is allocated in proportion between Trust and other assets. But who pays the IHT and who is liable for late payment penalties? E.g. if Trust was fully invested in a…
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Will Life Interest In Possession Trust
I am executor and unfortunately the Will has a clause setting up Property Life Interest Trust. The house was sold a few years ago when deceased moved into care home and never updated the Will. The Will includes a subclause saying that if the dwelling was sold then the net sale value should be substituted and held in Trust…
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A Nightmare scenario
My sister has passed away suddenly earlier this week. I expect a death certificate to be issued next week. Her husband is currently in a care home with dementia, he’s physically ok, just forgetful. Her 33 year old son has autism, and has a support team who take him out to various activities each week in his Mobility scheme…
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After distanced family bereavement
My wife and I live about 100 miles from both sets of parents. My wife has a brother (to her parents) but he is extremely unreliable, unhelpful and very selfish. Her mother has recently passed away after very quickly after rapid aggressive cancers. Her mother was caring for her dad (both in mid to late 70's) who is now…
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Do I really need an executor account
My understanding is I cant get an executor account until after grant of probate - at that point I would want one. However what can I do in the meantime - here is situation: Other executor was asked to inform banks, personal pensions etc (they had financial power of attorney so made sense). They did nothing so once I…
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Multiple executors named, power reserved / Tell Us Once
Hi, hoping someone can help me. My mother passed away earlier this month and I've registered the death this morning. I have a copy of my mother's Will (not the master copy yet - we won't get that for a couple of weeks) and it appears pretty straightforward: my father is the solely beneficiary as he survives her. If he had…
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Forever stuck on IHT403
Good afternoon, apologies in advance for the long post. I feel like I have been stuck on IHT403 for a very long time and I cannot for the life of me determine what I need to do. I don't know how to just state a value for 7 years worth of gifts without giving more detail. In context, the gifts are not large at all and are…
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Paying back the credit card debt as an a will executor.
Hello, this is my first time on this forum. I'm the executor of the will of my mothers partner, if not stressful it's taking me out of my comfort zone. I contacted the financial institutions concerned within 2 weeks of his untimely passing and they all gave the usual platitudes etc. His biggest debt was nearly 5 figures, I…
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Inventory C1 (2022)
Hi everyone, firstly, thanks to all who post on here. I have been trawling through threads and have completed most of page 1 & 2 with your help. I am now about to attempt the Inventory. Here’s my story. We lost mum in November 24, dad passed in 2017. Mum has a will and the property is in Scotland and there are no other…
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Confused about excepted estates, which forms to fill in, and the correct process in general
Hi all, I'm currently working through the nightmare that is probate on behalf of my mum, who is an executor of my nan's (her mum's) estate. I've managed to get this far without asking for help and thought I'd finally grasped it, but am now wondering if this should be classed as an excepted estate. I've filled out IHT400…
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Help to register will trust with HMRC
I need some help how to register a will trust with HMRC. Husband passed away last month and left me a life interest and his 50% put in a trust for the two adult children. Not sure whether I should add my name as lead trustee considering my age may be it will be wise to make daughter as lead trustee. Will she need to add…
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C1 form different spelling of middle name on will and death certificate
HI i'm looking for appropriate wording to put in the C1 declaration that the middle name used on the will spelt with an 'e' should have been spelt with an 'a' as per the death certificate
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Need to change solicitors
Good evening everyone. It is now clear that I must change solicitors. Something isn't quite right with the current ones (they haven't yet worked out the bill for HMRC and 4 months have already passed since the death of my dear latest friend.) I'm getting really worried! No time for grieving :( Has anyone had to change…
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Probate forms
Can anyone confirm - if everything was left to spouse and, following spouse’s death, IHT402 is completed to transfer unused allowance - do you have to still complete IHT400 form? If so in what order? I.e. do you have to wait for confirmation that no inheritance tax is due before completion of any other forms? Thanks
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Probate
Just after some advice as reading conflicting things online. I am sorting my late Mum's affairs, she had a current account & savings account with NatWest, contents £23,000 and an ISA with Royal London worth £13,500 plus some small life insurance policies. Both NW & RL are releasing funds to me without probate but I am…
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Administrator of Mothers Estate
My mom died in 2017. However we were informed by an old manager of the housing association she rented her apartment from that there was an outstanding refund. I wrote to the said association offer inthe copies of the death certificate all my moms childrens birth certificates and her address After a number of emails and…
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Do I need to do probate?
My dad died end of last year. He had a will written with everything he owed to be split equally 3 ways between his 3 siblings (me my brother and my sister). My Brother and I are joint executors. He didn’t own any property (only rented). He didn't have any debts or owe anyone any money. He didn’t own any large assets like a…
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Limited Grant
My ex-wife died, intestate, a few months ago and left 2 daughters. She died intestate so it was the responsibility of her daughters apply for the grant. To allow me to administer the estate, daugher 1 with myself applied jointly for the grant and daughter 2 completed a PA12 for me to act as her attorney. We were expecting…
