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Property and money in will
Hi, my father is currently doing his will. I live with him in shared property and we are tenants in common with 50% split each. He intends to leave me his 50% in the will. My question is more around monetary gifts. He wants to leave a generous amount to his grand children as specific amounts. At the moment there is enough…
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Merged: Probate executor: splitting share proceeds; sell then split or split then sell?
This discussion has been merged.
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Probate executor: splitting share proceeds; sell then split or split then sell?
Simple question but hard to explain clearly! I'm executor for my late mother's estate and have finally got probate. There are three equal beneficiaries in the will; all want cash (i.e. shares sold) not equity. Because probate is a PITA and takes ages, there's been a capital gain since date of death. The gain is above the…
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To find out if i have been left money in will?
Hi, I am unable to contact my parents. How can i find out where they are, to see if they are OK? I think my siblings and their large familys are cutting me out of their will. My father phoned me two months ago and said i was due money in the will. I havent heard from either my mother or father since. I no longer live in my…
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Power of attorney
My father is currently in a hospice with terminal cancer, he currently is his mums lasting power of attorney. My aunt (his sister) wants to now take over being power of attorney for my Nan and has started the ball rolling. My concern is my dad said to me he doesn’t think it’s a good idea she has control over my nans…
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DWP and HMRC - how long to wait?
I was reading a post on another forum this week where an estate executor is in real trouble because the DWP only informed them there was money owed from the estate 15 months after probate, and just after the estate had been distributed. The executor had not known there was anything owed, and DWP hadn't written prior to…
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Will Trusts
My mum passed away nearly two years ago. She left a ‘DIY’ will which appears to set up a Will trust for her ‘share’ of the property to be left to me and my brother and gave dad the right to remain in the house. The property was however held as joint tenancy and was near severed. My bother and I, who were the executors and…
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Land Registry - Transfer or Assent 50% share from LST to existing 50% owner
Apols for 2nd Posting as 1st attempt only drew replies re the poor financial advice received rather than the assistance I was seeking re Land Registry forms. Hi, I would be grateful for directions/links or info re my next steps: Background - in 2015, Dad and I took "advice" from an FCA IFA/advisor who advised that Dad…
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Office of the Public Guardian
Is there any point in others experience in contacting the OPG
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Paying capital gains tax from estate
Afternoon everyone, could someone please post a link or direct me to the correct place. We have a CGT to pay on inherited house. All the forms/links i can find seem to be for one person to declare the tax and pay. The calculator showed that i had to pay 18%..but i know that when its from an estate i have to pay 24%, i just…
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Early Inheritance Gift from a Joint Account
Hi, Wondering if anyone can help with this please. Seems to be a bit of a grey area, from what I've read online. I received an early inheritance gift of £200k from my grandparents. It came from them both, as a cheque from their joint account. They did the same for my brother. For Inheritance Tax purposes, how will HMRC…
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Equin*** Share transfer forms following probate
After my mother died (April 2023) I am still trying to sort our the estate. The last of which is shares. Does anyone have a clue about how to fill out their share transfer forms. They are, without doubt, the most confusing forms I have ever seen. For example, it says: Holder 1/Deceased Shareholder Your full name Your…
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IHT exempt carer travel
Hello my mother has recently passed away. I travelled 7 times from Australia over the last 18 months to care for her and give my sister a break. The alternate was respite care which we did not want. The first few trips I took paid leave and paid for travel, the last few I stopped paid work and alternated my time 50% with…
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Early Inheritance and Inheritance Tax
Hi, I'm just wondering if anyone can help verify whether my understanding of inheritance tax rules is correct. In 2022, my husband and I were gifted £200k early inheritance from my grandmother and grandfather. We used this to buy and set up our home. My brother was gifted the same amount but this was put into a Vulnerable…
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Pensions - IHT409 form question
My younger sister died aged 52 in April and I am dealing with her estate. She had three private pensions: NHS Teachers Pension USS The NHS and Teachers Pensions were both commuted just over a year before she died. The USS pension has just paid out a discretionary death benefit sum to her estate (via me as the Executor) I…
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Solicitor complaint
Hi all, I fully appreciate that this will probably need to be dealt with slightly differently as it is an Irish practice, but if someone could help me on the first step so I can get the ball rolling, I would be very grateful. My mum died in May 22, her solicitor's practice are executors, in Ireland, beneficiaries live in…
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Co-executor won’t agree to house sale
This concerns Scottish law, although I guess English law would be similar. My sister died a year ago, leaving her two daughters (X and Y) as both executors and beneficiaries of her will. There is one small donation to a charity, the rest goes to X and Y. Most of the estate value is contained in the house, my sister didn’t…
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Renouncing insolvent estate
As a named executor in a will, I made preliminary enquiries into two life insurance policies that would make most of deceased' assets. Apparently they were cancelled at some stage so there is literally nothing but a few quid laying around their home. Housing Association home and personal possesssion of no value.…
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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…
