-
equity release on a 50% share of a house
My mother owns 50% of her house as a tenant in common with her long term partner. She is elderly and wants to go to a residential home but doesn't have the ready cash to pay for this for very long. Her partner is resistant to selling the house but would she be able to raise money now on her share of the house?
-
Executor breach of duties
Im suspecting bad intent. A family member (child of the deceased) who was the executor, a beneficiary and had LPA on my nans will and estate has not discussed anything with other beneficiaries. Myself 2 siblings and my deceased dad were the only other beneficiaries mentioned on the will the split was 50/50 between my…
-
Expediting probate process
My 85YO FIL died in Nov. after a two-year battle with cancer. his 69YO wife of 41 years is also battling aggressive cancer for the past year; she had no children of her own. she is the named executrix to his estate (including a primary residence on 200 acres in Walker County, Texas valued at $4.2M.) In his will, which was…
-
What House Valuation Figure for Probate IHT Form - Builder Refurbishment Property
I am Executor to a relative's estate. There is a house to sell located in East London. It is a builders total refurbishment project as it is virtually derelict! There is no wife or children, so the only allowance against tax is £325,000. Additionally, there are investments/savings, so IHT will definitely be due. I had 3…
-
Inheritance Tax
Clarification please. If the estate is made up of £750,000 cash and £180,000 house, would there be tax to pay as the cash element is over the 2X £325,000 rolled over nil rate exemption.
-
Solicitors not making inheritance payments until all beneficiaries return bank details? I
Is this normal practice? About 6 months ago I was made aware I’d be receiving inheritance from a relative who died without a will and was told things were close to completion with payments ready to be made essentially. Their probate was granted in Jan 2023 and I have a copy of this so have seen what their estate is worth…
-
The Gazette.
Sorry if this has been asked before. I used a solicitor for my dad’s estate 12 months ago, I’m sure we didn’t add anything to The Gazette. His house was sold and after care fees what was left went to my mother, who had been in care for 3 years. My mother passed away in the autumn and has left a small estate. As she was in…
-
Joint executors - one wants to buy property
My mother needs to amend her will as her executor is ill and will be not able to fulfill this duty. Her four children are equal beneficiaries. She was going to name two of the children as executors but one of these wants to buy the others out of the house. I've just read about self-dealing so realise this may be a problem.…
-
Probate application error excepted estate
Hi, myself and my 2 brothers are executors to our late mother’s estate. I mistakenly thought the estate was an excepted estate but only after submitting the probate application. I have since completed all the IHT forms required and have now received my HMRC code required by probate (no IHT to pay). I have also now sent…
-
Registering property in beneficiaries names
Hi, I wonder if someone could help or provide some input to tthe following issue. The actual circumstances are somewhat complicated but in a nutshell my Father passed away 7 years ago. He left a house but this house because it was purchased in the 60s no title deeds exist for it. The executors who control the estate have…
-
Insuring empty property
Hi all Any good recommendations of companies who insure empty properties whilst awaiting probate and eventual sale please? Trawling comparison sites but just wary of making lots of calls due to the 'unoccupied' status so doubting most usual insurance companies will cover it. TIA
-
Potentially exempt transfers and death of the recipient
Person A gave away three gifts each of £250,000 to their three children X, Y and Z in 2021. I understand that given the total was (way) over £325,000 the recipients will be liable for inheritance tax on these gifts should A die before seven years have elapsed. (Eventually subject to taper relief etc) However, child Z died…
-
C1 Confirmation form - Death of parents in close succession
Hi, I'm in the process of completing the C1 Confirmation form for both my mother and father. My father passed away around 2 weeks after my mother. I have just successfully completed the form for my mother (huge thanks to Buddy9 and his posts here, without which I don't think I would have managed!). I now need to do the…
-
Sale of family home after parents death
Hello everyone my sibling would like to keep the family home and wishes to buy her 2 siblings’ share. The property was valued at £550k for probate with an actual value of £605k (RICS valuation). Sibling will have to sell their own house to buy it. all three siblings could buy out the others by selling their own house but…
-
Will not completed
Hello, I am just looking for some advice- last year my Nan was diagnosed with terminal cancer. She started the process of sorting out her will back in dec but had a “disagreement” with one of the solicitors she saw there when she queried how the will was written and just making sure she fully understood what it said before…
-
Placing a home into a trust as part of will planning
I'm not sure if this is the correct group or not, as we have no idea where to start. My mother-in-law would like to place her home into a trust for her 4 grandchildren so that she doesn't lose it if her health continues to deteriorate, and for it to be their inheritance gift when she dies. The 4 grandchildren are all under…
-
Unfair will, can I contest upon death
Can anyone please help as I feel that I am being treated unfairly in my father's will. Some years ago my mother died leaving everything to my dad which includes his 2 bed house and a much larger , 4 bed house which has been placed in a trust. I have found out that upon death of my dad my brother who in my dad's eyes can't…
-
PA17 - is original needed?
After a lot of effort have finally got agreement that solicitor will renounce their executorship (for a fee of course) - I believe via a form PA17. I understand that the completed PA17 is submitted along with the PA1P when requesting probate. Does anyone know if this has to be: * The original? * A certified copy? * or will…
-
Can you use c/o address for benefices?
Where yo have little contact with relatives (nieces) and you don't know their address, can you leave it as 'care of (c/o) e.g. parents. Perhaps adding their address as a codicil at a later date. Or would it be sufficient for the executor to know the address at the appropriate time?
-
Prepaid Cremations
I have noticed that it is dearer to prepay a cremation plan than to pay when the time comes. Why is this as they can invest your money.
