-
Update on Estate administration
Further to several discussions, not much on the way of progress, caveats remain in place but now one of my nephews is now claiming the house as his main residence. My brother, my potential joint administrator, has told his solicitor that his son moved in months before my mum's death and all the utilitieshave been…
-
Use of Probate Services
Has anyone used a Probate Service (fixed fee) that they would recommend? I've seen it's possible to do it yourself and I might have to if the fees are too high. There's no property or assets but there is about 100K cash.
-
Handling Property in Scotland with English Probate
Mother died in England and was resident there for many years so I, as Executor have sorted out the IHT and have Probate. In her estate she had a house in Scotland. Does anyone know if Probate is sufficient to handle it's transfer/sale, or do I need to convert it to a Scottish equivalent so my authority it is recognised in…
-
Proof of gifts made, in preparation of IHT calculations
Good Morning, Like many of you here already do, I have started to keep detailed records of gifts made, as we move towards making more substantial gifts (likely within allowances) to our Niblings. We would, currently, be deep into IHT territory. (deeper still, once pension pots are included) Would a detailed spreadsheet be…
-
Co-executor won't act, is it worth going to court and how do I minimise costs?
Hoping to hear some ideas or experiences here as every time I ask my solicitor a query, it's a couple of hundred pounds and an ambiguous answer. If I ask this it will probably cost a couple thousand immediately. Please help delay these sodding legal bills. I don't think the solicitor is totally inept but they certainly…
-
Do I need to go through years of bank statements as an Executor, Beneficiary and POA?
I am currently the POA for my Mother. I heard recently of someone who had to go through 7 years of bank statements to prove that no gifts had been made. Would I and my siblings have to do this as we all know about her assets, her income and her savings? She has no hidden accounts or shares or properties. We are the only…
-
Free will, has anybody used this service?
Hi, has anybody used the service, of a free will writing. Did see today, that blue cross are offering a free will service, for a small donation.
-
Where do you keep your will
I have recently updated my will and the solicitor was surprised when I told her I did not want them to keep the original. It is now at home which I know is not ideal and I am considering the options. I have had a couple of poor experiences this year retrieving wills that had been left with solicitors. In one case the…
-
Executor receives Deed of Variation from beneficiary: what to do?
Hi,Just wondering if anyone has found any official guidelines on what the Executor is supposed to do in this case. The beneficiary wishes his entitlement to be passed directly to someone else. One option would be to ask a solicitor, and deduct the legal fees from the beneficiary's entitlement. Any other suggestions? What…
-
Leaving percentage of estate to registered charities vs lump sums
Following Mum's death last year Dad is updating his will. He isnt going to change the fairly substantial gifts to charities they had both agreed on, but has been told by his investment advisor leaving a variable portion of the residual estate to charities can "lead to problems" for the executors compared to leaving say a…
-
Distribution of estate
Good afternoon I have today received grant of probate. Do I have to rush to inform bank as I'd rather leave money in there, I have another 6 weeks until section 27 expires? Also have a house sale going through and will be "stuck " with that money until I can distribute. What I'm really asking is whether I really need to…
-
Trustee (brother) refuses to pay out any more money from a discretionary trust
Beneficiary has received sone money(around 5%) over 2 years from a discretionary trust but his brother who is also the trustee now refuses to pay out any more. I suppose it's essentially a family feud, this is in Scotland. There doesn't seem to be a lot of options the only option seems to be to have a court remove the…
-
Should I write a will, advice needed
Hi all, long post ! im a 50 year old female and I have a 16 year old son, 17 in June. I've been considering writing a will, even pondering setting up a funeral plan. Atm im single, renting a property, I have 2 work place pensions, and some small savings. So, I don't have much to leave anyway, but I then think about the…
-
Death of Brother
This is a bit complicated so please bear with me, my brother has recently passed and was divorced from his wife but they still lived together (long story) he has no children, parents are deceased so am I his next of kin, there is a will but I want to ensure his wishes are carried out correctly. I don’t know who his…
-
LPA refund
My wife and I are in the process of creating our LPA's and we decided to nominate each other as primaries and a couple of relatives as backups. We checked with all concerned and they were happy to sign. As we were both doing financial and health (total of 4 LPAs) we decided initially to submit just one to ensure we had…
-
What to do just in case
My lovely 21yr old son has been diagnosed with an inoperable brain tumour. Next step is a biopsy but we *think* it’s benign but has caused a seizure and we’re waiting for hospital appointments to start in the new year followed by chemotherapy. Obviously a total shock but having had discussions we want to plan for the worst…
-
Another gifting question!!
Possibly a strange question, but can a substantial gift from a grandparent to a grandchild be returned within the 7 year gifting window to avoid any IHT implications? Or is it a one way street? The reason I am asking is that my mum is in a position to help my son with the deposit for a new house. The gift would be returned…
-
IS THE FIRM PURE CREMATION TRUSTWORTHY?
You may have seen this firm's irritating ads on TV. I don't watch much TV, but when I do I have to put up with their repeated ads. A friend of mine used to work for Pure Cremation, but found the firm care more about business targets and sales as opposed to good customer service. Another friend of mine recently got a quote…
-
Transfer of property- which forms to complete
Just looking for some guidance- myself and my mother jointly inherited my nans house. We have the grant of probate and the last step is now transferring the property. We have decided to do it ourselves as it seemed a straight forward process and the company who handled probate for us were messing us about. We have an…
-
Probate needed for gifted house?
Dad put his house in my name 21 years ago for reasons known to himself. Its not a high value property and with savings his estate will be no more than £60k. He still lived in the house free of rent and I think I read on here that this will have to be declated to probate, even at the low value. I am his only son and…
