-
LPA, joint account, authorised user, or other method to help manage parent's bank account?
Background: My father passed away recently, leaving everything to my mother. I was a named executor on the will and I am sole administrator on the probate certificate. As a result of my father's passing, my mother has inherited a significant amount of cash from various ISA's he held, Premium Bonds, the sale of his car,…
-
NS&I Account balances timescales
I've applied for this information, any experiences of how long they take in working days? Do they sometimes request more information ? TIA.
-
Distribution to beneficiary
Finally managed to get probate and have collected assets into exec account. Process made very difficult by other executor who is also beneficiary entitled to large cash legacy. I'd like to pay the legacy and want to make sure I protect myself. The exec account doesnt support cheque payment but I can get the branch to do a…
-
Calculating inheritance tax in an unusual situation
* A married couple lived for many years in a house that was actually owned by wife's brother. * The brother died and left the house to his sister (the wife in the couple) but she died two years later before the house was actually transferred into her name. * The wife's estate was worth £750,000 and via intestacy she left…
-
Inheritance dependence nightmare
Hi all I will try and keep this short - my dad recently passed away. his will was outdated and detailed his girlfriend being allowed to stay in his solely owned property for her lifetime provided she maintained it. the property mentioned in the will has been sold and another property bought in my dads name. We have looked…
-
How do I find my own will
I have a copy of my own will (I’m alive) but the solicitor that had it has gone into liquidation some year ago. I’ve been through the filings on companies house and it mentions a few companies that took on WIP and debt collection. is there a process that they follow for passing on old paperwork like wills and deeds? is…
-
Adding two trustees
Not sure where to post this! I just want to have an idea how much a solicitor will cost to add two trustees to an IPDI trust. Having done some research the quotes seem very high. Have asked my son’s conveyancer whether he can do it and was told he will refer me to a colleague. Can anybody advise pl? Thanks
-
Executor Conflict of Interest
My Father died in a house fire in January 2024. After Probate was declared in June 2024, two of my Brothers were appointed as Executors. They and one other Brother along with myself are residual beneficiaries. The Will states the Executors actions are subject to STEP edition 1 apart from needing to consult all…
-
Probate Advice
Hi, a family member has passed, she has left monies to six family members. She has a will. £157,000 she has left. I am named as the executar aswell as my mother. Ive had a look through the process, it seems fairly straight forward as no, property or other assetts. She just has a normal bank account. Will inheritence tax be…
-
Care home fees and joint tenancy.
My parents, Dad 94 and Mum 87, own their house as joint tenants. My Dad also has shares to a value equal to the house. Rather than go down the route of Tenants in common, would it be effective to transfer the house to my Mum and write new wills, my Dad's shares to his beneficiaries and my Mum to will the house to hers ?…
-
Additional Residential NRB
Mother has passed, Survived by partner (not married) Executor (myself) named as trustee Property has been valued (Estate agent only at this stage) at £285-300k. Approximately £100k in cash savings. The will says 5. Life interest in (address of property) 5.1. In this clause: 5.1.1 'the life tennant' shall be my partner…
-
What to do with cheques received before probate granted
I have received various refund cheques as executor. Probate is required, and I havent even got as far as the application yet. What should I do with these cheques? I have a bank account set up to keep any costs I cover transparent, can they be paid into there? Alternatively should I set up an executors account and deposit…
-
Impact of Pension Credit Assessed Income Period at death?
Dealing with confusing info while handling my mother's estate. Does anyone here have first-hand experience of dealing with an estate of someone who received benefits? She had an AIP for Pension Credit (indefinite period I think) when she died, and so hadn't been required to report savings information unless it meant the…
-
Looking for Advice re: Potential Irresponsible Lending?
Good morning all, I am hoping someone might be able to advise on a situation that I have found myself in. My estranged father has recently passed at the age of 66, and he has not left a will, so my sisters and I have gone through Probate, and we have been granted Letters of Administration to deal with his estate. He died…
-
Estate tax and foreign tax credit relief
Might someone know the procedure for an executor claiming FTCR for foreign dividends on a deceased UK estate, and how it relates to R185 and SA107? This must be a common scenario, but the only guidance I found so far was a cryptic paragraph at TSEM7453 (see below). The estate received foreign dividends from multiple…
-
Hargreaves Lansdown HL - Not issuing Estate Pack
Does anyone know who I can make a complaint to about HL for not sending the Estate Pack over 4 weeks from my father's passing? I'm aware the acct is frozen but that could be another 9-12 months like that waiting for Probate which I can't do until they send the pack. Emails and calls have been met with apologies, 'it's…
-
widow needs DIY probate help re insolvent estate
Hello, My husband ( formerly self employed and retired) died after a period in care with dementia. I have been doing the probate myself and have received the Grant of probate. There is only a few thousand in the bank, no property, no anything else. He had been paying back a Working Tax Credit overpayment to DWP and there…
-
pros and cons of Reserved power as executor
Can anyone spell out the pros and cons please, I'm considering electing to have reserved power as executor. My last parent died recently, All children are named equally as executors and trustees in the parental wills (no other parties are mentioned), and the estate is bequeathed equally to the trustees. So should be fairly…
-
Trust Wills: Porting a Trust to downsize. Who is liable for expenses
Please can somebody help. Just before he passed away my terminally ill step-father was persuaded by a solicitor, to put half of his and my mother's house in Trust, to safeguard against care home fees. The Will states that "My Trustees will……..Pay any debts funeral and
testamentary expenses”. Since he passed, my mother has…
-
Double inheritance tax conundrum
My aunt (93) has sold her house and is now living in a nursing home that is fully funded, her estate is worth around £1.1m. She wants to gift most of the proceeds to myself, my sister and my mother (88), the split being £380k/£380k/£280k. We are aware of the inheritance tax liabilities on these sums. However, my mother has…
