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AS1 or TS1 when property already registered to the executor?
Thanks for comments, question removed.
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Proceeds of will payout
Hopefully someone here can help out. My mother died at Christmas; I had power of attorney granted prior to her death, am the sole executor of the will and have grant of probate to sell her house (dad died 10 years ago). Mum's will names 3 beneficiaries, me and my brother and sister; all proceeds are to be split equally,…
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Access to saving account and stocks & shares ISA
Can an executor have access to a deceased person's cash in a bank account or stocks & shares ISA before paying inheritance tax? Thanks.
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"Thank you" to contributors
A big "shout out" to all those who have taken the time to answer the multitude of questions posted here.I've been reading the various comments and explanations - they have helped me understand and DIY Probate (admittedly not a complicated will/estate), and also plan what my wife and I ought to ask for when getting our own…
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IHT - gifts out of surplus income - husband & wife pooling all income & expenses - evidence required
Having dug around for an answer to this, I’m afraid I’m stumped. It keeps cropping up in various places, but no one seems to have the definitive answer. This situation involves a husband and wife who share all income and expenses absolutely equally. All income goes into joint accounts, and all expenses go out of joint…
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Registering a Will Trust as Trustee
Good morning everyone, I’m hoping that someone here is able to offer some advice. I am a Trustee of an IPID Trust and have been trying to prepare the paperwork in order to lodge a standard Restriction A on Title to protect the interests of the beneficiaries. I have completed the following documents: AP1 and RX1 for the…
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Electricity wayleave on inherited property
Hi Has anyone re negotiated a very old electricity wayleave? I tried this on the house buying frum without any luck so thought maybe someone else on here might have had to do this on inheriting a house. It was my mother's house and she passed last October and it is now my brothers. As I have LPA I need to do my best for…
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Making a large gift and IHT implications?
I plan to leave my niece, £200K as a large gift while I'm still living.I'm aware of the 7-year taper relief rule affecting this should I die before 2032. Would this gift adversely affect me if I continued to make the £3K yearly tax-free gift allowance?... and would it leave me open to being taxed?
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value of tax-free allowance the person who died inherited? question
Hi Everyone, I'm just in the process of doing the estimate for probate and struggling with the tax free allowance question. So my father in law is married to my mother in law, he has passed away recently, leaving my mother in law widowed. What figure would I put in the 'What was the value of tax-free allowance the person…
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Inheritance Tax on car
My Dad (88) has been told he is no longer allowed to drive. He has gifted his car (£10k ish value) to my son. My question is should we pay for the car to avoid inheritance tax and if so, is it important to pay market value?
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Hope to Check IHT
Hi, hope that someone could help on my query. We are trying to be MSE after solicitor quoted £6k for probate, so DIY route. My Mother has died and we have confirmed savings of £183,222. (without any recent interest so could go up but would not assume to go over £200k) a bank a/c holding £11K (I KNOW!!!) and a house with…
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Government wills site
Hi All I have noticed this morning that the wills site at Find a will | GOV.UK is not currently working correctly. There is a work around for those who use it regularly like me although its not great. You need to clear cookies before every search. I have messaged them to inform them however wanted to let you all know in…
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PA1P form (apply for “letters of administration with will annexed") regarding additional PA15 form
Hi... My husband passed away in November leaving a Will the executor named in the will (Natwest Bank) no longer wishes to carry out the duties. There are no other executors and I am the sole beneficiary. I now have to fill in a PA1P form (apply for “letters of administration with will annexed") to take control of the…
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Land Registry and a trust document
Hi - in 2010 my mum and dad added myself to the deeds of house in trust to be divided equally between myself and two sisters as per the will . My dad passed away in 2016 and my mum has passed away recently . My two sisters and myself are executors of the will. Estate to divided in 1/4 with mum and dad’s 1/4 being split…
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Who clears a house after death
My neighbour recently passed away at home, she never left the house, never spoke to anyone and we very rarely saw her. Last weekend I noticed flies in her window, I knocked on the door but she wouldn’t have answered anyway. Called the police who came out and discovered her body in the bedroom, they think she had been there…
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Council Tax and a Legal minefield
I am after some help. I have no issue paying the bill if it’s due but this is a very odd situation. My Uncle died in 2007 and Aunt in 2021, the house was never transferred into my Aunts name. We have been to probate for my Aunts estate and all this came to light. We then had to go and seek further probate on Peter’s estate…
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Reporting an estate to HMRC under informal arrangements - sell property first?
I'm administering my late mother's estate. Do I need to sell the residential property before I report the estate's final position to HMRC via an "informal arrangement" letter? The property requires extensive refurbishment and will certainly sell for less than 2x Residence Nil Rate band (£350,000) and hence should have no…
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Gifting transferring money before death probate etc
So member of family had to reduce savings so transfered 40k into a joint bank account of daughters a couple years back questions on chats today were what to do when god bless her she goes with the cash best way naturally is to tell probate solicitor about it and send it across as part of the estate I presume they will…
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House in trust - CGT
Hoping someone can help or point me to where I can find more information. Situation is: Married couple. H died in 2019. House worth approx £340k at the time. This was the couple's place of residence, and only property. In H's will, his 50% of the property was put in trust for 2 adult daughters. No paperwork work was…
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Distributing funds after probate granted.
So i have been granted probate as a executor of my mothers estate, probate was applied for on the 20th of May and believe it or not it was granted to me as sole executor on the 3rd of June !!, there is no property to sell as i was appointed as a court of protection deputy five years ago for my mother as she had advanced…
