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Deceased
Thank you all for your replies and input. Everything is now in the hands of my solicitor who explains i have a powerful case.
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Seeking clarity re RNRB, IHT and Trusts
My wife and I have 'mirror wills' Whichever one of us goes first, leaves their 'beneficial share' of our house equally to three trustees, the other spouse and our two adult daughters. So ... a couple of queries please about RNRB My initial understanding had been that the share going to the other partner would be completely…
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PROBATE HELP PLS
I now think I've completed the online probate firm incorrectly as I didn't fully understand the figure questions ie the gross estate amount. I thought it was the total estate amount but as there's an amount owing on a lifetime mortgage which is registered on land registry. I think I should have taken off this sum and put…
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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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Selling property before probate granted ?
I'm acting as executor and would just like to confirm that I'm correct in thinking that I need to get probate granted before putting property on the market. It seems pretty clear as the gov uk "applying for probate" website says “You should not make any financial plans or put property on the market until you’ve got…
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Pre-deceased persons and need for retrospective confirmation
So in previous post I mentioned was preparing Grant of Confirmation for Mum who died in Sept but from advice given by @buddy9 it transpired might first need to obtain this also for Dad who died in Nov'22 (depending on validity of the 'Evacuation of Special' destination that was appended to their wills). So that opens up…
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Can I insist on an electronic payment?
As executor of a will I have several payments to make to beneficiaries. Does anyone know if I can insist that these payments are made by electronic bank transfer as we do not have a cheque book?
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Proper handling of will property trust for tenants in common
My situation is as follows: My grandparents set up a tenants in common trust for their home in 2005. My grandfather died in 2017, placing his share of their home in a property trust to benefit my aunts, my brother and I. My grandmother asked that I act as executor of his will. I estimated his share of their home at £175K.…
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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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Will aid scheme scam?
I recently selected solicitor under will aid scheme. After 2 hr phone call I was transferred to their finance department to pay £1740 for trusts to be inserted in wills of myself and partner to protect assets from being used to pay care home fees & setting up powers of attorney. I paid and also the donation of £180 to will…
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Final Deputyship fee, insolvent estate
Hi all This is a follow up to previous discussions about my late sister's estate, which is insolvent. After receiving good advice here I decided that the best course of action was to have nothing to do with administering the estate, other than to provide information to the DWP and other creditors as to the basic facts of…
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Waiting for HMRC code
Hi all Thanks to the amazing advice on here,we submitted the IHT400 and Associate schedules etc two weeks ago. We are below the 500k IHT threshold. Am I right in thinking we now await a code which should be emailed in order to allow us to apply for probate? Assuming this is correct, does anyone know how long this is…
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How long to obtain letters of administration
How long did it take you to obtain letters of administration? We are 19 weeks and still waiting. Thanks.
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Process for probate with IHT payable
I am supporting a friend whose parent recently passed away. They are the Executor and sole beneficiary. The estate will exceed the £500k ceiling for IHT by a relatively small amount, plus there is some life insurance payable that I believe is outside of the estate. Can someone please list the order we need to complete the…
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Gifting advice
My Mum would like to give my neice and her three kids £250 each as gifts. Normally HMRC would not count £250 as being taxable, but with the kids not having their own bank accounts I think the only realistic way of doing this is to give my neice a cheque for £1000, perhaps with a note to say that the money is to be split…
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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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C1 Confirmation form - advice before we submit our form
Like many other posting on this forum, I have found the advice given to be invaluable! Have been reading through posts on and off for a week to tackle this. My sister is the executor and brought together the figures but we've been working on the form completion together. Our father passed away in Sep 2024 and left a will…
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Probate final stages - How to transfer house to ltd company efficiently and other questions
I’m the Executor of my late mother’s estate and think I'm near the final stages of finishing things up. There is no IHT to pay on the estate. The headline figures are that the family home was valued at £240k at death and there are shares and savings at approx £150K in shares/savings and the estate is eligible for 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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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.
