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Bad executor
My sister who is co executor was arrested and being investigated by police for embezzlement and misappropriation of my mother’s assets. Can I, as concerned beneficiary, change the locked to my mother’s house until investigation has concluded. How does this affect me as probate info from my sister was incorrect and she has…
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Paying IHT
Early days but thinking about how to settle IHT. Deceased banked with Barclays but they've advised me that they dont provide estate advances to settle IHT. Amazed that such a big bank wouldn't. Can anyone suggest another bank? Would interest rate be significantly higher than base rate? Estate includes a property of value…
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Worried about My late mother's house
HelloI would welcome advice on how to deal with problems created by children of beneficiaries.My late mother did not leave a will, so two family members were made administrators of her estate, and they have died without doing the job of distributing the assets.there are two surviving benefactors myself and my elder…
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Inherited property and SDLT
Can someone quickly clarify a couple of things for me. A bit of background first; I, along with two siblings have inherited my late parents house and they've both agreed to "sell" their share of the house to me. When doing the property transfer does the transfer have to be done to all three of us beneficiaries then in turn…
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IHT 406 or 411?
Just in the midst of doing all the IHT forms, and I know the IHT406 is where cash ISAs go, and 411 is where the Stocks and Share ISAs goes, but what about a mixed Investment ISA - the statement shows a cash element with one value, and a stocks and shares element with a seperate value. Just to double check, do I put each…
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IHT400 watchout it doesnt always recalculate
It took me a while to notice but when the IHT400 is edited in a browser, it sometimes doesnt recalculate when figures are changed. If you're working on an IHT400 be aware of this.
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Cabot debt and late Father's estate
My father passed away in January 2023 and I was awarded probate ( no will in place) in May 2023. In February this year ( 2024) I received a call from Philips and Cohen asking me to pay around 9,000 to an account my Father had. I requested a copy of the original agreement and a statement showing the requested transactions.…
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Grandmother estate - how to find out what's happening
In Feb 2023 my grandmother in law (I'll call her Mary) passed away. She had been predeceased by her husband by 30 years, and had been dating a chap (I'll call him Tom) for 24 years. Mary had 5 children. Mary's eldest child (Sarah) is my mother in law - my partner is an only child. Sarah died in 2020. Her other children…
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Inheriting money - gambling addiction
Soon a family member will inherit a chunk of money. They have a gambling addiction and have reached out to me as they want me to “look after” the money as they know they will slowly (or quickly!) gamble it away. They are on benefits, disabled and have mental health problems some benefits will stop as they will have this…
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Spouse onto deeds and Inheritance tax implications
Hello all, my situation is that the deeds to our house are in my name only. Married 30 years (and everything good thank you 😊 ) with young adult children. Looking forward to the future specifically on inheritance tax I was wondering if there is any implication of leaving it this way? I understand that spouse to spouse…
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Gifting and inheritence tax
My husband, who has since sadly died, gifted £70000 to our son 4
years before his death. Most assets were in our joint names so his actual
estate for probate was £200000 so no Inheritance tax to pay. Has that gift now disappeared regarding Inheritance tax as
Probate has been granted, or is an amount taken from my husband’s…
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Inheirtance Tax - Anything to watch out for?
My 91 year old parent lives in a retirement complex near me quite happily having sold her house in London last year. She has nearly £700k after the sale. I am her POA. She has full capacity but struggles with the paperwork for the financials and doesnt even have a computer and definitely wont use email! So she is…
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Solicitor is asking for IFA details to set up Vulnerable Beneficiary Trust
I'm tasked with setting up a Vulnerable Beneficiary Trust for my older brother according to my late father's will. My older brother is in a care home because of his mental health. Our solicitor has said she cannot proceed until both Executors have appointed an IFA in relation to the trust. I'm not sure why this is needed…
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Does executor hold on to items specifically bequeathed
Unfortunately, I am married into a complicated family and my mother in law has just died. We have seen the copy of the will, and she bequeathed specific items to my wife and her brother- the house to him, her jewellery to my wife. and split the estate. None of this is a surprise. the named executor is not happy to carry…
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Capital gains tax
Hello Please can someone help me figure out how to calculate CGT on an estate. My husband sadly passed away on 30 November 2021. I hope this copy and paste of my spreadsheet works: Item Valuation on date of death Value of funds received Difference 59 ord Shares in Company A £ - £ - Bank account Accrued Interest £ 42.24 £…
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Two properties with LoA granted
Letter of Administration granted. Two properties left to two inheritors (me being one of them). One to be sold asap. Can I change the title of the house deeds online without a solicitor? And should I put both deeds in my name, or in each of the inheritors names? Thank you.
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Deductions on Capital Gains When selling from Estate
We are selling a house from the estate of a deceased relative, and done quite well in overshooting the at-death valuation. Capital Gains will therefore be due on all but 3,000 of the increase. I know you can deduct other things from the taxable amount, but its a bit vague.You can deduct costs of buying, selling or…
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Renouncing executors and deed of variation.
There are two executors to a will. Both want to renounce. The main beneficiary also wants to forfeit any inheritance ( not much) There are other benificiaries that are gifted personal possessions in the will and one of these wants to take over administration of the estate. How do i go about this. 1. Send forms to renounce…
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2 siblings to inherited their mums estate
Question 1 sibling has been given money each month from their mums estate as they are not working. Unfortunately their Mum is at end of life. The sibling in question has had £20k plus so far, would this be classed as a loan against their inheritance or a gift, and this money given to sibling be taken into consideration…
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Daily Mail free will
Hi, my father in law has sadly suddenly passed away and we believe he did a free will via the Daily Mail free will writing service. However, we currently can’t find it and we’re now sure who the solicitors would actually be who he did the will with. Has anyone done a free will through the Daily Mail? Please can you share…
