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Minute of agreement
I am in scotland. My father passed in 2021. My father drafted a Will in 1996. My parents separated in 2003 and in 2006 a minute of agreement (separation agreement) was drawn up with my mother receiving a financial settlement on the grounds that she had no further claim on my fathers estate. since my father has died, my…
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Will
Hi, I don't have any estate, only cash. What's my best option for a will? Will writing service or solicitor? How much can I expect to pay? It would be a simple document with my assets split between 3 people. TIA
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Are trustees responsible for debt accrued by the beneficiary?
I can’t seem to get a straight answer, this is regarding a potential trust for my cousin in my late aunts home. My solicitor says the trustees responsibility will only be to the property address. But what’s stopping the beneficiary from causing debt to occur with the house? We’ve already had a utility debt leftover from my…
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RICS Survey or estate agents
hi i need to value my late mums house for probate/IHT. the whole estate is going to be not liable for IHT but will be possibly just over the 650k mark. i've had 3 valuations on the house 500k, 525k and 575k for probate value. As the additional IHT forms are going to be needed, are estate agent valuations acceptable or do i…
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Estate fees
I'm the beneficiary of a property, the value of which represents only around 25% of the estate. The remainder is cash and is being inherited by another person. This person is the Executor and has appointed the Solicitor. How should the fees for the administration of the estate be split? In my mind I should only incur the…
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Will we be eligable for 500 or 657k IHT allowance
Hello everyone, I need a bit of assistance / reassurance. We moved in to look after my exceptionally elderly grandmother recently. (As she had run out of savings for a live in carer, and it was a natural breakpoint in our kids education to make the move) Sadly she died a few weeks ago, and we have two executors doing what…
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Probate Check on Gov.Uk - What does it tell me?
Hi folks We had an offer accepted on a property in June. It is a probate property - the previous owner died at the beginning of 2023. When we made the offer we were told that probate had not yet been granted but they didn't anticipate this "dragging on". Since then we can't seem to get an update from the estate agent about…
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Old medical records - what to do?
Hi. In clearing out the deceased's paperwork I have found some old medical records, medical reports he paid to get. They are obviously confidential in nature - some of the content I knew about already but I did learn some new things about the deceased through reading them. There is mention of some family members in the…
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Once probate obtained , do we have to sell the house?
My husband and I are the executors of my Father in Laws
Estate. We are in the process of moving. Our buyers are pushing us to move but
our purchase is proving complicated. Can we move into my Father in laws house? Is there a time
limit on how long we can keep it before selling? Are there any tax
implications? We’ve only…
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Inheritance tax and Residence Nil Band
Just finalising my father's estate. When all totted up and after applying his own nil rate allowance plus mum's who died last year the amount left just tips into IHT territory. The estate will also qualify for Residence Nil Band relief for both parents so there is no actual danger that IHT will apply. But - when I used the…
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Solicitor has not applied for probate yet!
Daughter mil died in June, solicitor is the executor and has not applied for probate yet. My sil is so laid back and is not putting pressure on her. My daughter does not want to interfere and just let her husband gets on with it. It is going to be costly with winter approaching and the house also needs to be checked as…
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Probate how long (part 2)
Thanks for all the replies to my previous post. Well, our application needed a bit more info, that's gone in today, anyone know what happens now? Guess we go to back of the queue. Just as you think you're getting somewhere....
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Bank not releasing estate cash in reasonable time ?
What's a reasonable time for the bank to hand over the cash? I wasn't that happy with the initial 'up to 10 days' but I accepted it. When my brother chased it up after 9 days he got told '10 to 15 days'. This is all after they had received the grant of probate and checked identity of all 3 executors. Is there anything…
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house probate value increase when sell - CGT?
hi i will unfortunately be selling my mums house once probate is granted. i'm currently getting valuations from estate agents, before selling i will be doing some work on the house which will increase its value. the house won't be liable for inheritance tax, but if the house sells for more than the figure i give for the…
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Deed of renunciation
Co-op is named in the will as co-executor but I've decided to apply for probate myself. I apparently have the original copy of the will and they have a codicil. They've agreed and need me to write a letter asking them to step down and get it signed by myself and the beneficiaries before issuing the deed of renunciation.…
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Debt getting passed to joint home owner
My Father recently passed and it has now been discovered that he had a lot of individual debt (credit cards, Personal loans) he has left no assets, all debts were managed through his own name and sole bank account. My Mother had no knowledge of this and is now concerned that creditors may come after the house that is…
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Aunt died before Uncle's confirmation granted
Hi My Uncle passed in July 2021 and left everything to my Aunt.She passed in May 2022 and my Uncle's confirmation had not been granted when she died.Both confirmations were granted approx 2 months ago and we are still waiting on the majority of funds being paid by the financial institutions.We have continually raised…
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Probate granted - can I refuse to be a trustee?
I need some advice. My late mother had power of attorney for my late aunt. Unfortunately my mother passed away in 2021 then my aunt passed away in 2022. I am the executor for the will (35 years old) which I don't remember agreeing to but there we go. I've had probate carried out and it has been granted. Currently my cousin…
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Suspect executor is using outdated will
Without going into too much detail, I suspect the executor of my late father's estate is using a will that is not the most up-to-date version as it is in their interest to do so. They have not applied for Grant of Probate so the Will is not public. Are there no other checks to ensure that an executor is using the correct…
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Will Writing Advice
Hi All, Myself and my Wife have finally got around to agreeing that we need to get our wills professionally written. We have no children and intend to leave each other our whole estate. The issue arises should we pass away together. We believe we need advice. My Wife put out a request for quotes on an online enquiry and…