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IFA unethical behaviour
Our stepmother died at the age of 87 last December, with a relatively large estate, having been inherited from our father who died in 2001. She was one of the first clients of a newly-formed IFA firm in 2004, and we believe that the IFA (Founder and Managing Partner) abused his position of trust and manipulated a position…
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inheritance
Background: Both my parents died in 2020. 3 adult children, a girl (myself) 2 brothers. We applied for 'letter of administration' as both died without a valid Will. Assets of parents estate are in the UK and abroad. At start of probate all parents bank accounts were closed and a new 'probate' account opened with balances…
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Executor ruining estate advice please
My FIL died in Juy 2020. His daughter was named sole executor with estate divided equally among his three children my husband, his brother and sister (executor). At confirmation the estate was valued at over £1m which included a small business, various properties (which were rented out), residential home and many personal…
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Inheritance Tax when property has been gifted
It would be helpful for thoughts on the
following scenario please. Mr
& Mrs A and their daughter all live together. The house they live in was previously owned
by Mr A but this was gifted to his daughter more than 7 years ago. Mr A (and Mrs A) do not pay rent. Mr A’s daughter has never owned another house
she continues to…
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Insolvent estate with high debts
Thanks to all who answered similar questions to mine, the information given has been very helpful. Now to my problem. My sister recently died, she was a widow with no children, had dementia, was being cared for at a nursing home (where she died) I was a Deputy for her property and financial affairs. She had debt problems…
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probate/LOA /entitlement
Hi , my elderly mother died recently . she outlived my father and my own sister . i am her sole surviving child . my mother died without leaving a will-and hence i am applying for a letter of admin. my solicitor has said it is pretty clear cut that the court should vest the estate in me. My sister had two daughters…
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Help needed regarding small estate
My mother died last week without a will and I have no contact with family whatsoever. My father left many many years ago and has been NC ever since. As far as I am aware they were still classed as married despite being separated for roughly 30 years. I have siblings, also NC for many years and they were also NC with my…
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Executor nightmare
Families! I have cared for my ex mother in law since my marriage broke down 15 years ago. She had 2 sons. For the last 5 years her health had not been so good, I did everything for her and we were more like mum and daughter. As a result, she named me as next of kin and executor and her estate is to be equally split between…
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Form c1(2022) Section 2 Declaration - Help Needed
Hi, need some help with the declaration section 2 on the C1 form. The rest of the form is good and complete but the court are advising there is something missing from section 2 but obviously can't say. In summary it is a large estate, we have the original will and was certified by a lawyer at time of writing. My mother has…
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Rent not paid house pre probate
Hi we are in the position of having a tenant not paying rent (£8000 approx due) refusing to leave. WE have been to county court and we have been told we cannot be awarded an eviction order until probate is granted. We are currently in dispute with one of the executor/beneficiary and at stale mate with regard to completing…
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Capital Gains Tax Allowance
Looking to sell property which is in estate and will remain that way until sold. If the person died on 1st May 2023 but we sell house tomorrow and submit capital gains tax, what would be total capital gains tax allowance that we would be entitled to?
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Inheritance tax and care home fees question
Good morning I am unsure about the following (Google has not be my friend in this instance). A relative has dementia and the family have reached the point where we have realised she needs to go into care as we can no longer provide a safe environment for her. She has 2 adult children who have their own families, and her…
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Selling property and Capital gains tax
Myself and my two brothers are Executors of my dads estate and the sole beneficiaries. He had a house that he was in the process of renovating when he died. Our plan is to complete the work and then sell. I think I understand that our options are to; 1. Sell the house as ‘the estate’ and then inherit the income from the…
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Change of name
So I’ve been left a small legacy in my late uncles will and finally it is ready to be paid out. My only issue is when my uncle made out the Will (over 20 years ago) he put it in my married name. I’ve been divorced over 20 years and reverted back to my maiden name. The solicitor is now asking for proof of my change of name…
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Small(ish) Estate in Scotland
Relative has no heritable property and has been chatting about
setting up his affairs to make things simpler to sort out for whoever is left
to deal with it (currently no Will/PoA, so that’s one job). Moveable estate in Scotland actually slightly above £36,000,
but monies in each bank below their advertised threshold (I…
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Inheritance Tax - Passing on Nil Rate Band to Spouse
My mum passed in August 2022, and now sadly my father has passed too. I understand that her IHT nil band and residence nil band allowance can transfer to my father, but i cannot see how to do this. Grateful for any pointers.
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PA1P question about "settled" land.
Hi, I am currently doing the probate myself on my dad's estate. He and my mother owned their house as joint tenants and he left his half of the house to my brother and me in his will. The will says that my mother can continue to live in it as long as she is still alive. I have downloaded the paper version PA1P in order to…
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Moveable estate
Hi my late partner of 14yrs passed away in Cyprus, we live there. He had a Cypriot Will which was to be construed in English Law. His Will deals with immovable property but does not mention moveable property. We jointly own a car. Who inherits the car? He has 2 adult children from a previous marriage. I have been granted…
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How long for banks and investment funds to release money (after probate)
I have probate for the estate, and have written to various banks and funds to request they transfer the money held to the executors. Can anyone advise how long it normally takes for the funds to be released? I have numerous creditors clamouring for payment of outstanding bills; the probate took seven months so I don’t…
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Probate granted in 2021, no money received
Probate was granted in July 2021. I haven't received any money from the executor yet. It's likely to be max 15000, maybe less. What action can I take please, and is it likely to be successful? The executor does have sufficient funds.
