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Dispute with co executor of will
My brother and I were appointed co executors of my late parents will. My brother took on most of the duties without any clear communication during probate. Due to personal differences I had concerns about the funds all being transferred into an account solely in his name and without my consent. I visited the branch of…
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IHT400 - needed or not?
Having read the guidance notes for form IHT400 I believed I wouldn't need to complete the form as my late Fathers estate would be exempt because it doesn't meet the IHT threshold. However HMRC have said that I need to complete it as he has left the house in Trust - ie: My mother can continue to live there but when she dies…
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Probate - Relying on intestacy rules versus writing a will
My husband is terminally ill and being cared for in a hospice. His will predates our marriage so is invalid. We have no children so he was content that his entire estate will pass to me under the rules of intestacy. He now wonders whether the process would be easier for me if he wrote a new will. Does anyone have any…
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Bequest in the will to a minor - trusts or other options?
My partner is a joint executor for a will that has left £10k to the deceased's granddaughter. She is only a minor so we'd like to put the money into a trust or savings account for when she reaches the age of 18. We have had a brief look at the options available and would welcome recommendations or experience in handling a…
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IHT Liability on death of parent 1 re gifts made to children
My husband and I have jointly gifted £350k jointly to our 2 adult children since 2019, largely for house deposit and capital paydowns. Our wills leave our estates to each other. When the first parent dies, is there a IHT liability for our children out of the first estate? Does probate need to be done for the first estate?…
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Probate Liabilities
We are now at the stage following my mothers death on providing a list of liabilities for my mothers estate to the solicitors. I wanted some clarification on what exactly can be claimed. Am I right in thinking that these are expenses that have not yet been settled? For example my mother was in a care home at date of death…
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Jersey lawyer for Probate.
I hope someone will have some experience of this. I'm currently awaiting letters of administration from UK HMCTS. Most of the estate involved is in Jersey banks.I need to file probate in the Jersey courts. I was thinking of doing this myself as there is a fast-track process which seems quite easy. However, with travel…
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RNRB - is 1st spouse’s RNRB in place automatically?
My wife passed away Nov 2023. Her entire estate passes to me, including our house I continue to reside in. I understand the NRB pertaining to my wife’s estate effectively transfers to me for use ultimately with my NRB in the winding up of my estate on my death. Whilst I’m alive will I need to apply to retain her full RNRB…
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Care Home Fees
My Mum has been in a nursing home for a number of years. The debt now outweighs her assets. Her flat has a charge so is being currently sold. My question is: How much money can be left in my Mum's estate, that the care home or local authority cannot touch? I have been given figures ranging from £23,000, £14,000 and Zero.…
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C1 Confirmation Will
Well, I'd a few short lived moments of joy today when I thought I was going to be finished with the C1 application for at least a week or so! But not to be.... I'm the sole executor of my mum's will. I've got the C1 completed, (it's an exempt and excepted estate) and attempted to hand in to Paisley. They were helpful and…
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Can we ask the executor for a set of house keys?
My cousin passed away in hospital last week, and named my sister and I as the only beneficiaries of her will. I've yet to see the will, but will be meeting my cousin's solicitor (Who is her executor) later this week. The solicitor is keen to get my cousin's house cleared and on the market. As my sister and I live a few…
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Meaning of 'no land vested...' declaration when submitting probate?
I found another old thread asking the same/similar question (https://forums.moneysavingexpert.com/discussion/6263736/probate-declaration-land-vested-in-the-deceased), but didn't understand the answer (at least as it might or might not affect me), so rather than hijack an old thread, I thought I'd try a fresh one :smile:…
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Probate declaration - 'land vested in the deceased' ?
I'm currently in the process of completing an online probate application.I'd be grateful if someone could explain what this wording in the decalration actually means in plain English (as I know the other excutor is going to ask me ) ? To the best of our knowledge there was no land vested in the Deceased which was settled…
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C1 confirmation help needed
hi, We lost our mum in July this year and our Dad in January last year and need some help. We completed the C1 and submitted to the Sherriff court but it was returned without any guidance on what was wrong. My mum was the sole beneficiary of my dad's will. My late Dad was the the main beneficiary of my mum's will, with her…
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Tenants in Common - Executors dealing with sale of property.
A and Mrs B owned their house as Tenants in Common(50% share each) with a Form A Restriction registered against the Title. They had Wills which left the survivor of them with a life interest in the half share in the house of the first of them to die. Mr A died leaving Mrs B with a life interest in his half of the house. A…
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Inheritance tax - gifts out of income and one off gift query
Hello, I am filling in all the IHT forms as a relative has sadly passed away and there will be a little bit of inheritance tax to pay so I need to get everything absolutely correct. For most tax years everything, even if technically they could have been claimed as a gift out of income, I have just put down the gifts as a…
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Inheritance from USA
I’m looking for some advice for my son please, he’s inherited $500,000 from his American grandmother. She’s left it in a trust for him and they’ve agreed that he can access it now in order to buy a house/ start a business. I’m confused about Inheritance Tax, will he have to pay on money left in a trust to him from abroad?…
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IHT 405 - selling with 12 months
I thought I had finished but one final question. I know this has been covered previously but I’m still not entirely clear. It’s the question about whether you are planning to sell within 12 months. We will probably sell once probate granted, but what are the implication in respect of IHT or CGT? We have a valuation (but it…
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Completing IHT forms - rounding
Hi, Sorry a rather basic question. I’ve completed the IHT forms ready to send with whole numbers throughout (excluding pence) like the tax self assessment form. But I now see the tax due box (119) has a space for pence, so now wonder whether i should have included pence in all the answers rather than rounding? What is the…
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Do I need full estate management?
I am one of the executors and part beneficiary of my fathers Will. I would have liked to complete the probate and administration of the estate myself but having now understood that the Property has been left as a 'trust will' with 50% to myself and 50% to his surviving wife and that this will be too legally complex I…
