-
Can't work out if the estate is excepted or not
I have already sent in an application for Probate based on my assumption that the estate is excepted, but woke in the middle of the night wondering if I'd misunderstood and whether I should start drafting some forms before I wait for the response from the Probate office. The estate I'm executing is as follows: - deceased…
-
What happens upon death of spouse?
Father in Law (92) is in hospital - he may get better, but may not.Mother in Law (88) is still coping reasonably.They still live independently in their (owned) rambling 4 bedroom house as long as 'we' do the shopping and ferrying for them.They have a will in place and we have both LPA's for them both.I *think* that the…
-
Letters of administration - is it needed?
My brother aged 54 died recently. He was single, never married and had no children. He didn't own property and had about £2100 in his bank account which is being used towards the funeral costs. He also had a couple of private pensions totalling about £6k. Do I need to apply for letters of administration or is this not…
-
IHT
When there is property held by an unmarried couple ( or siblings etc.) as Joint tenants and one dies, is the whole value of the equity/ property counted for IHT purposes? Say the deceased had life cover ( but hadn’t written it in trust ) of £350k and there was also £100k of equity in the property - would there be an IHT…
-
Help with simple probate…….a bit lost
Apologies in advance but I’m getting somewhat confused by online guidance. So Mum died in Feb. She had a will leaving it all to her husband, now deceased, then to my sister, also,deceased, and I with me and my sister as executors. She had no property and her estate consists of a few thousand in the bank account (already…
-
Changing executor on a will. Would a codicil be sufficient?
We last wrote our wills (husband and wife, mirror wills) when are offspring were children. The will named our solicitor (who wrote the will) and a sibling as executor. Now the offspring are responsible adults, we would like to make them both joint executors. We have no need to change anything else in the wills, though some…
-
managing estate funds before probate
I would expect this to be obvious, but it does not seem to be! This is 'second death' so all bank accounts will freeze. Still bills to pay apart from funeral expenses. Apparently executor accounts cannot be opened without a grant of probate, which as we know takes months. Some money can be released if below the threshold…
-
Beneficiaries of pension
Does anybody have any experience of beneficiaries of a Collective Retirement Account pension? The deceased set the pension up through a financial advisor. The financial advisor has been dealing with the company the account is with and suggests they set up new accounts for the beneficiaries as part of their service to the…
-
Legal responsibility on inheriting half a property
Hello I am being left a 50% share in a property in a will with my sibling having the other half, the will says that the property is not to be sold and my sibling is to carry on living in it with no rent etc to be paid, if say for example the roof needed replacing, would I be 50% responsible legally for the roof replacement…
-
Retain use of holiday flat
My partner has just been diagnosed with a very serious cancer. She has a holiday home in the UK that she would like me to continue to enjoy should she die but the benefit would transfer to her step-daughter when I die or can no longer make use of the home. We are not married or in a civil partnership. I have read of a…
-
IHT400 and property in will trust
Although we will be using a solicitor to submit the IHT return, I am trying to keep costs as low as possible by obtaining the values and documentation myself and draft completing the return as best I can. Something I can't find an answer to is whether I have to include the marital home. My mum was the sole owner, but an…
-
Applying For Probate Online - Technical Problems
I applied for Probate on Monday and the application went through fine. I paid the online fee at the end and received an email saying my payment had been successful. However, I then expected to click through to a different page on the website advising me what documents to send and with a coversheet etc and to receive maybe…
-
Will - original executors changed then cancelled.
After my mother-in-law died last month, I read up about probate and thought - yes, she was a widow, estate well under inheritance tax limit, next of kin are her adult son and daughter - straightforward, we can do this! We find the will, great! but immediately there is problem. So back in the 1980s she wrote the will naming…
-
Proof IHT has been paid to HMRC
How does someone get a copy of inheritance tax remittance for an estate (i.e. find out how much was paid) to HMRC in England and Wales? Don't have the IHT number, no probate has been applied for. Does anybody know how far back records are retained? URL appreciated.
-
Lifetime Will Services
Hi everyone, We have just had our mirror wills done with WSL will writing, it was a great service. as part of their "add ons" we purchased their lifetime will service, a one off fee of about £1500. This includes: Executor consultion and support secure storage for life unlimited will updates for life validity check register…
-
HELP - C1 confirmation forms in Scotland
My father passed away in 2023 and I now need to get confirmation I was shocked to discover how much a solicitor chargers so thought I would try and do it myself. It is classed as a large estate and I have submitted it to the court but it was rejected can anyone help with page 3 of the form inventory the properties are on…
-
I'm executor but I'm unclear on the meaning of the will
This discussion was created from comments split from: Are wills legally binding, if not then why bother creating one?.
-
Alterations to a will
Asking for a friend..... The situation as I know it is that friend's parents have made their wills, mirrors. And in them they say all to the other but on the death of the second one the assets are split equally between 2 children (no others). But they also specify that both children equally inherit the home and they also…
-
Probate on line
Dad passed in February, mirror wills so everything passed to Mum and there was a variety of joint accounts and one ISA in Dads name worth 48K. The ISA company want grant of probate. (I’ve established there is no inheritance tax to pay). I’ve started the process of applying for probate on-line on behalf of 3 executors; Me,…
-
Property held in trust question
Hi All, Posting on behalf of a family member. Properties that form part of a trust, should these be registered in the trustees personal names or are they to be held in the trusts name (e.g. Trust of XXX)? I've done a land registry search and the properties in question (Totalling over £3m in value) are registered in the…
