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Gifts from income or capital
I'm old enough now to be concerned about making things easy for my executors when I die. I know that I can make regular gifts out of surplus income that will not involve IHT but that these gifts must not erode my capital. What happens if my total expenditure over the year reduces my capital but some of my expenses are…
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Making a Will
Hi, I am looking to make a simple Will for just myself and looking at using Farewill to draw this up. Has anyone used them and can recommend them or had any issues with them? They state that for a £10 subscription per year you can make unlimited changes to your Will and if you opt out of this you would need to pay £100 per…
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Help Appreciated - IPDI , Trusts and distribution of previous legacies
I thought I could sort out my dad’s estate but probate and
IHT and other anomalies are becoming confusing
the more I read and find on the web. Dad died at the beginning of September and I'm one of three
executors who are the three main beneficiaries. My sister wanted to get legal
help but I persuaded her to do it ourselves…
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Fudiciary Law and executors
Hello, I would like to know if the inventory list of a deceased estate is available to the public (that's me)! I am aware of a situation regarding the conduct of the executors. 1. The person died in September 2022. 2. Money has yet to be paid to a creditor. 3. They pulled out of the sale of property located in France which…
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LPA application process questions
I
have valid EPA but have decided to draw up LPAs for Property &
Finance and Health & Welfare and register them immediately. I’ve
almost completed the 1st, but have a couple of questions
which will apply to both: I’ve
appointed husband & son as Attorneys to act jointly &
severally. As husband is a couple of years older…
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NIL: RATE BAND DISCRETIONARY TRUST
my wife died last Nov ands her death invoked a NRB trust, it was a pre 2007 way to avoid IHT. Our combined assets are nowhere near IHT threshold, but I want to close this NRB. Our Property title has a standard FORM A Restriction 'no disposition by a sole prprietor....etc' which I can remove witha RX3 through Land Registry…
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Discretionary Trust Will - how to wind up and do we need to do a DOV
My dad passed away this summer so my mum, brother and I as executors are sorting out his estate. As he had a discretionary trust will we are wondering whether we need to get further advice from a solicitor to action certain things or whether having a solicitor involved is even necessary. We would value any advice here so…
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Do I need an interest bearing Executors account?
Hi, As an Executor to an estate I am concerned about my personal Income tax. I have obtained grant of Probate and received the savings from the financial institutions. I used an old Nationwide Flex account to receive and pay out funds. The problem is with my MIL's flat which has structural problems. This is likely to cost…
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Died intestate with no assets and catalogue seeking payment
Hi, I hope someone more knowledgable than me can help. My mother in law died intestate over 4 weeks ago. Her policies paid for the funeral and she had no assets, the house was rented and she had very little left in the bank. No letters of administration were applied for as the policies did not require these, neither did…
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SIPP and probate application
I'm about to send in a probate application for the estate of my late cousin, who passed away aged 69. He left a SIPP - am I correct in thinking this doesn't have to be declared anywhere on the form? I realise it is not subject to IHT (yet). Grateful for any help.
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Tenants in Common and IHT
A while back when making new (mirror) wills my parents (married) changed their owned outright (no mortgage) property from joint tenants to TIC on the advice of their solicitor. Their wills say that any cash etc will go the surviving spouse, their portion of the house (50% each) is left to direct descendants…
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Reseal of Probate in Australia(NSW) ( obtained UK Probate)
Hello - has anyone experience of this and able to recommend the Australian NSW law firm you used? Also,as part of the process,did the Australian lawyer become Power of Attorney from your Executor? If so,do you know why they need to do this? This has been suggested and I'm a little concerned. Thanks in advance.
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Accidental landlord - first steps
Keeping it brief, Parent has passed away suddenly. The will leaves the property to the children with the provision for the parents partner to remain living there for as long as they like. Property consists of 2 floors which are each independent flats. Ground floor flat is rented out to a tenant (rent is paid directly from…
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Solicitor Executors insisting on a licence to occupy premises
I'd be grateful for people's thoughts/advice on this - My late mother left her estate to her husband (our father). My sister and I are her executors. 4 months after her death, our father died - having appointed his solicitors as executors, with my sister and I as beneficiaries. Our mother's estate is not yet finalised and…
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Distributing estate query
When my mother died 1 of my siblings wanted to continue to live in the house which was held as tenants in common with my father who also owned his own house outright. estate was distributed with my brother having my mother's share of the house and we took a higher share of cash assets . All amicable and solicitor did the…
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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…
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Interest (or so it appears) on cash legacies
Good morning All. I've not posted for a little while as things have been chugging along with some ups & downs. My probate case is almost completed. It's been a journey to hell & back!I have a question: the cash legacies, cash gifts, have just been distributed to the beneficiaries with some added extra amount (there are 3…
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Car finance after deceased
my father sadly passed but he had a car solely in his name. We have informed the car finance company and provided them with a death certificate however they are wanting my mother to reply to an email to confirm her agreement to action a voluntary termination of the contract. It states for them to voluntarily terminate they…
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Transfer of property to Beneficiary
Hi All I have been dealing with my late mothers estate, Probate has beeen granted and I am now in a position to complete the final task and arrange the formal transfer of her Leasehold property to the new owner, I have reviewed the various pages on the GOV website and have ascertained the following, the transfer will not…
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Anyone owed money from Empathy Funeral plan?
I am desperately trying to find out where my money has gone after Empathy Funeral plan went into administration. O'Haras LTD took over the insolvency, now I cant get hold of them. Jeremy Bennett is who I assume was the Director of O'Haras. I wont say too much about him but looks like theres problems with him.
