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Will trust
In parents will it says about distribution of the residue: to be held upon trust absolutely for my son xxxx Has the will created a discretionary trust or a bare trust in anyway. We want to avoid creating any complex trusts after death. Or maybe I'm confused..
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Buying out brother and sister of inherited house
Now I've got my head round of what's involved thanks to the Land Registry rep here and advice from a call to the LR itself I'm in the process of getting quotes from Solicitors and I'm quite surprised how many, albeit conveyancers, don't understand the process themselves. I had one insisting that a transfer would need to…
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Estate accounts - executor refusing to provide them
I am at the stage where I need to ask the Probate Registry to intervene. I think I need a Summons Form but can’t seem to find one. Does anyone have experience of doing this? Did you have to ask the Probate Registry for the form? Thank you
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IHT409 Pensions
Can anyone shed any light on IHT409. When I complete the questions answered I end up on Q22, did the deceased or their employer make any contributions? The boxes, 23 and 24, provide little room for an answer beyond a summary and a figure. The issue I have is that I have then completed the form and nowhere have I been asked…
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NRBDT - trying to understand who the trustees are
My father has died and I am trying to sort out what to do with his estate. He had few assets other than the house he owned as tenant in common with my mother, and a life assurance policy that will pay out into his estate. The house is probably worth about £550k and the life policy is maybe £35-40k. We assume he owned 50%…
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8k Probate quick question
Hi All, I am sole executor of my mums will in Northern Ireland , and have been sorting funeral bills etc .She left her house to myself and brother , which was transfered into both our names many years ago. She has 8k in a credit union account that needs probate as her funeral insurance kicked in and raised the amount over…
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Advice MIL died without leaving a will
Sorry but I know this will have been asked 100s of times but can I ask anyway. My MIL died 3 years ago just before the covid outbreak but she never made a will. She left 2 children my husband and his sister. We have a 12 year old boy. His sister has 4 grown up children. The estate is worth over 200k not sure of the exact…
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Property and money in will
Hi, my father is currently doing his will. I live with him in shared property and we are tenants in common with 50% split each. He intends to leave me his 50% in the will. My question is more around monetary gifts. He wants to leave a generous amount to his grand children as specific amounts. At the moment there is enough…
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Merged: Probate executor: splitting share proceeds; sell then split or split then sell?
This discussion has been merged.
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Probate executor: splitting share proceeds; sell then split or split then sell?
Simple question but hard to explain clearly! I'm executor for my late mother's estate and have finally got probate. There are three equal beneficiaries in the will; all want cash (i.e. shares sold) not equity. Because probate is a PITA and takes ages, there's been a capital gain since date of death. The gain is above the…
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To find out if i have been left money in will?
Hi, I am unable to contact my parents. How can i find out where they are, to see if they are OK? I think my siblings and their large familys are cutting me out of their will. My father phoned me two months ago and said i was due money in the will. I havent heard from either my mother or father since. I no longer live in my…
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Power of attorney
My father is currently in a hospice with terminal cancer, he currently is his mums lasting power of attorney. My aunt (his sister) wants to now take over being power of attorney for my Nan and has started the ball rolling. My concern is my dad said to me he doesn’t think it’s a good idea she has control over my nans…
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DWP and HMRC - how long to wait?
I was reading a post on another forum this week where an estate executor is in real trouble because the DWP only informed them there was money owed from the estate 15 months after probate, and just after the estate had been distributed. The executor had not known there was anything owed, and DWP hadn't written prior to…
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Will Trusts
My mum passed away nearly two years ago. She left a ‘DIY’ will which appears to set up a Will trust for her ‘share’ of the property to be left to me and my brother and gave dad the right to remain in the house. The property was however held as joint tenancy and was near severed. My bother and I, who were the executors and…
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Land Registry - Transfer or Assent 50% share from LST to existing 50% owner
Apols for 2nd Posting as 1st attempt only drew replies re the poor financial advice received rather than the assistance I was seeking re Land Registry forms. Hi, I would be grateful for directions/links or info re my next steps: Background - in 2015, Dad and I took "advice" from an FCA IFA/advisor who advised that Dad…
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Office of the Public Guardian
Is there any point in others experience in contacting the OPG and/or the Police when a donor has passed away and the Executors find the person that held Power of Attorney has burnt through circa £360,000+ of the Donors money by cashing in investments and spending most of the money on themselves or their family as evidenced…
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Paying capital gains tax from estate
Afternoon everyone, could someone please post a link or direct me to the correct place. We have a CGT to pay on inherited house. All the forms/links i can find seem to be for one person to declare the tax and pay. The calculator showed that i had to pay 18%..but i know that when its from an estate i have to pay 24%, i just…
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Early Inheritance Gift from a Joint Account
Hi, Wondering if anyone can help with this please. Seems to be a bit of a grey area, from what I've read online. I received an early inheritance gift of £200k from my grandparents. It came from them both, as a cheque from their joint account. They did the same for my brother. For Inheritance Tax purposes, how will HMRC…
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Equin*** Share transfer forms following probate
After my mother died (April 2023) I am still trying to sort our the estate. The last of which is shares. Does anyone have a clue about how to fill out their share transfer forms. They are, without doubt, the most confusing forms I have ever seen. For example, it says: Holder 1/Deceased Shareholder Your full name Your…
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IHT exempt carer travel
Hello my mother has recently passed away. I travelled 7 times from Australia over the last 18 months to care for her and give my sister a break. The alternate was respite care which we did not want. The first few trips I took paid leave and paid for travel, the last few I stopped paid work and alternated my time 50% with…
