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Complex situation: how to avoid inheritance tax/ capital gains involving international Jordanian law
I would like some advice about the below situation. My partner is originally from Iraq and has lived in the UK the past 15 years. My partner's mother lives in London. She and my partner are British citizens. Her flat is owned by her mother (my partner's grandmother) which was bought in 2012. The reason the ownership of the…
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Probate - estate includes loan to 'friend'
Hi there, An estate that is being settled has shown large payments totalling over 40k plus since 2017 to a manipulative person in this persons life. The bank statements show several payments with reference as 'loan' associated to these payments. Is there any recourse for the estate to chase these loans without any loan…
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Rights on will inheritance
I'm one of 4 children: 3 brothers and 1 daughter - we're all in our 50's or 60's. My mum passed a decade ago and my dad is very elderly and experiencing a lot of health issues. My Dad drew up a will many many years ago splitting his house/money 4 ways - so 25% each. My 2 elder siblings are the executors. At current rates…
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Vacant Property Insurance
Hi Everyone, I am in the process of selling an inherited property and the insurance has come through for renewal. Initially I contacted the existing insurance company, in this case Swinton and changed it into my name with an extra premium payed for the change of circumstances. The renewal has come through at £587.60 and…
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Putting house into trust
We're considering putting our house into trust to protect it for our kids and ensure the whole thing can't be taken for fees and the like. We're in our early 50s for context, we've got a solicitor appointment later in the month but I like to be as clued up as I can be! I think we need a Life Trust, split 50/50 between me…
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Scrapping of a will
Hi, i'm wondering how to scrap a will and make a new one and will there be a charge? Is it easy to do? Also i'm thinking about putting someone on my will but i dont know where they live, although i do know of an older family member. Then some for a certain charity.
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Virgin Money delaying release of funds to executor
My late father held an ISA with Virgin Money. It is less than £15,000. He died last year and Probate was obtained and his estate administered. All that is, except for an ISA he held with Virgin Money. Upon notification of his death they called me (as Executor) for a telephone conversation and instructed me to send the…
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House in my name - part of the estate?
My husband sadly passed away recently. Our house was purchased in my sole name, I paid the deposit and have been paying the mortgage from my sole account. I am aware that as my spouse he may have had rights to the property (say if we had divorced). But now that he has died would the estate value include say 50% of the…
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Joint Inheritance of a property
My brother and I are to inherit my father's house, it's all paid off. Original intention was to sell and split proceeds. My brother is now asking if he could live in the house with his wife and pay agreed monthly amount to me in lieu of my half share. What are the wider implications? Would I then have to pay tax on his…
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Will writing via a solicitor or a charity?
I need to do my will and also set up Power of Attorney just in case it is needed. My financial advisor put me in touch with a firm which has given me a quote. Before I decide, I'd like to hear people's experiences of asking a charity to do the will. I have several charities in mind to donate to but a previous solicitor…
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Gifts Inheritance & payment to beneficiaries
I am joint executor of my parents individual wills with my sister. Both housebound in their 90s & failing health with max paid carer support. Us sisters both live away but visit & call regularly & do what we can for both parents. My brother (the 3rd sibling & not executor) lives closer & does shopping and sorts…
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Cheques made payable to 'the estate of...'
I have a few cheques for refunds from utility & insurance companies made payable to 'The Estate of...' and 'Executors for the estate of...). The deceased banked with HSBC. I asked them about setting up an executor account but they more-or-less said that it wasn't worth the bother and to use a dormant account of my own.…
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RNLB and NRB for Inheritance Tax
Hello, I wonder if anyone clear up an issue I have... My mother and father both have property assets under their names. My father has the main home that they both live in under his name and my mother has a investment property under her name. Even though my mother does not have her name on the main home's title deed, she…
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Inheritance and partner in law hell, advise needed on highly complicated situation
I do apologise in advance for how long this is going to be but we are desperate for some advice and our funds have been depleted just as another bombshell hits us. We lost our Dad 18 months ago very unexpectedly. There are 4 children, older brother, older sister (vulnerable), myself and younger brother. Over the past 6…
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Joint Executors, should each know what the position is regarding Probate etc?
My Brother-in law died last August, and myself and a Will Writing firm are named as Executors. When he had his Will drawn up he had paid extra for the Will Writing firm to look after probate etc when he passed away. Therefore I got all his paper work together, he had many investments and also owned two houses, and sent as…
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Land Registry Update Submission Query
Looking for a couple of pointers please @Land_Registry My brother and I have recently been granted probate on my Fathers house which he owned outright at the time of his death. 1. We are both named on the certificate of probate as executors, is it still the case that we therefore do not need to complete the ID1 form when…
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Probate granted very quickly - now next steps...
Applied for probate on 22 May, and granted today after just under 2 weeks. A very simple excepted estate (using transfer of nil rate band from a spouse), but nonetheless very impressed by the speed and relieved that I evidently hadn't got anything wrong. A couple of questions re my interpretation of the the next steps…
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Parent and Uncle not wanting to transfer land registry
My Mum and Uncle inherrited a house from their mum (Grandmother). 50% share each. Tenants in common.The issue is the grandmother has been on the land registry for over 10 years and I didn't realise this. I told them it needs to be updated but they said it can wait until they pass away and the kids can sort it out (me,…
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Gifting houses to children
My elderly mother owns two houses outright. One is the family home, the other is a holiday let. She has announced she wants to gift the houses to my brother and me (my brother has the family home, I have the let). While I’m aware of the 7 year gift tapering for IHT purposes, I’m unsure of other aspects. 1. Can she gift the…
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PR for probate goes rogue
My father died last year and around that time I agreed my sibling (lets call him Pete) could be acting personal representative for the probate to simplify proceedings. So far so good. Soon after I agreed to release some money early to pay for family house maintenance Pete required, and I didn't hesitate to do that. This…
