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Inheritance tax thresholds
I am the sole owner of my house, where I live with my long term partner. In my will I have divided my estate equally between my 4 children and my partner. With inheritance tax in the news lately, and thresholds being discussed, I am wondering if the £500k threshold will apply to the portion I have left to my children, or…
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Transfer of property
Hello. Thanks in advance. Can you take me through what I need to do to transfer my father's property into my name. I have probate, I am the inheritor and there is no mortgage.
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Self assessment return for estate during administration
Hi, Does anyone have any experience of submitting a tax return for an estate administration period. I'd like to submit a return for the current year as the administration period has effectively ended and no further income will be received. The amount of estate income received during administration necessitates a formal…
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IHT Payment
My plan for taking some hassle out of probate/IHT payment, I had planned to keep our private pensions ( of moderate value in scheme of things) in place which could have been paid very quickly and used to pay any IHT. The recent budget changes has made me now decide to go down the annuity route which means I need to rethink…
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Surname Different on Grant of Probate
I have just received my Grant of probate, as I am an administrator of my late Father's Will, along with my brother. (original Executor has done Renunciation) I am named as a beneficiary on the original Will, with my previous married surname. I completed the PA1P form and stated that my name was different to the Will (as I…
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No will but owns half of 2nd property?
My father recently passed away and does not appear to have a will but has 3 children so we will directly inherit. The estate will be just under under the IHT limit and and the house will be sold. On the face of it seems uncomplicated so I am looking at applying for letters of administration. however, my father owned the…
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Replacing a Lasting Power of Attorny
Hi everyone. My sibling has a LPA for my Dad. My name needs to be added to this LPA. I believe we have to cancel the existing one and register a new one. Is that correct? If it is, will the new one automatically replace the existing one or does my Dad need to cancel the existing one? Any advice and guidance would be…
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What is the expected etiquette for after a funeral?
We are expecting only a few people for a funeral we are organising (15, maybe 20 at a push) and are wondering what the etiquette is for afterwards? We can either have people back to their house for some tea and sandwiches, but this feels a little intrusive to be honest. Also the house doesn't really have the…
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After probate and Everything what to keep
Closed all my parents accounts been granted probate and sold the property. Everything is complete as per the will. Documentation what needs to be kept ?
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Grant of Confirmation Scotland help
Hi my mum passed away a month ago and I am her exectutor. She left a will and I am her only child so it should be pretty straight forward. I have filled in the C1 form so far the only issues I have is how to fill in the inventory. She has 1 property with no mortgage and a bank account. Can anyone help with how to word the…
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Inheritance tax on gifts confusion
My dad wants to gift me and my sibling £150,000 each. If he did I would use this to buy a house. Problem is I'm so confused about inheritance tax. If he was to die within 7 years what would I have to pay? Am I right in thinking if he only gifts £300,000 and no more I won't get a tax bill. If he were to die everything would…
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Complaint about probate solicitor?
I feel that the solicitor dealing with my late mums estate has provided a very poor service and i am wondering if it is worth putting in a formal complaint. I appointed the solicitor in May 2023. It was a straightforward scenario as my mums property had already been sold (approx 6 months before she passed in order to pay…
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Do I need to change Title deeds ?
My husband recently passed away. We own our home so no mortgage involved. We were registered as Tenants in common on the Land registry so that upon one of our deaths half of the house would go to our two adult children. The Will also stipulated that his half of the house was to be left to the children. My question is…
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Obtaining House Valuation for Probate
Hello I need to obtain a written house valuation for a probate application. Is this something that's done by Estate Agents and how much do they charge please? Is it best to get more than one valuation? Thanks
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No Executor in Will
My friend has just tragically lost her husband. They had mirror wills and just named each other as Executors in the wills. So, now she has a will that is just naming her late husband and, obviously, he wont be able to take care of her will. They have 2 children. What happens in this situation? Should she get a new will…
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Probate granted - banks, building society and stocks
If probate is granted do banks, building societies or stock holders have any right to charge for transfer of control to another, once probate has been given and all debts incurred unrelated to the passing of the predeceased are settled? Thanks in advance.
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Probate Value
So I did probate myself and guessed as the value of the house, when probate came through I got the estate agent and put the house up for sale at more than the probate value, I just had an offer which is £20,000 more that the probate value but lower than the estate agents valuation. Can I change the probate value due to my…
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Copy of Letter of Administration
Hi My dad died and myself and my siblings were administrators of my dad's estate, everything has been settled now but I'm currently pursuing a clinical negligence case against the hospital regarding my dad's death and the solicitor wants a letter of Administration in order to proceed. I can't find this anywhere! Is there…
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PET gifting via joint account
My wfe and I would like to make a PET gift (say £100K) to our adult son. We are likely to exceed the IHT threshold, and are both at an age where we don't want to predict who might die sooner, so hedging our bets seems best. We have a joint bank account and separate ISA accounts. If we each make a transfer of £50K from our…
