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IHT 400 forms my experience
For anyone wondering what happens when you post off the IHT forms, this has been my experience completed forms posted on 19.02.2024, Royal Mail tracked the delivery did not track at all, the only message I received was that it had been accepted for posting at my local post office, this did cause me some anxiety, but thanks…
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The disaster of a poorly written Will
I'm a backup executor on my cousin's Will. The primary executor has already 'revoked' their commitment. You'll see why. Here's are my points: My cousin never told the primary executor she was the executor. Neither she nor I read the Will prior to cousin's death. This is a big mistake. Executors should be told and should…
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Co-Op Fixed price vs. Solictor & other questions
My father recently died & we are trying to decide how to handle his
Probate & sorting his financial affairs. He had 12 bank/savings/investment accounts plus Premium Bonds (so over the threashold for Probate). He
also had 3x pensions. The deeds of the house also need to be transferred into my mum's name as they
are…
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Bank accounts
Needing help please: working through probate forms currently and it’s saying about bank accounts/joint bank accounts. We have a letter from a bank that states that 2 bank accounts do not form part of the estate as they were joint (father and Daughter) because of this letter, does that mean I do not include them within the…
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Confusion over Tenants in Common and who can own what
Hello, My mum passed away in October; my father has dementia and he is in a care home (I hold the deputyship/LPA for him). Previously we all lived together in their home and they both own the house as tenants in common. I have lived here in that home all my life. My mum has left her share of the house in the Will to me. Is…
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Will storage at Probate office - questions
I want to store my Will at the probate office. Can the executor/beneficiary be a witness on the PA7ENV label if I send it by post? Also, if I don't post it can the Will be lodged in person in London?
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Should I change ownership on Land Registry if I intend to sell an inherited property?
I inherited a small flat my husband bought as a single man years before we were married when he died last year. As well as the main beneficiary of his estate I am also executor. Since Probate was granted I have paid off the mortgage. The mortgage provider has updated the Land Registry so they are no longer listed on the…
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Gifts with reservation - Personal Possessions
Can you gift someone an item whilst you're alive, but keep it in your possession (to enjoy/wear), but which will then pass directly to them on your death, outside your estate? Fully documented of course. Rather than having to make specific bequests in your will (or intestacy), or cause any arguments about "liquidising"…
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Reduced rate of inheritance tax
Afternoon everyone, i am just starting to look at the forms.. the estate has left 5pc to one charity and 5pc to another. So the inheritance tax can be at the 36pc rate. Has anybody filled this in recently and can give me some guidance? There are two executors (myself and brother) only beneficiaries are myself and brother…
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Help please… Nil rate band
Going potty staring at this form…. I cannot see where to add the nil rate band on the form…it’s the 325,000 allowance. Not entitled to the residence nil rate band. I think it must be staring at me somewhere… but i cannot see it………. dont worry, have just seen where i put it… on iht430 form…
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Funeral Plans
Just looking for advice. My parents have been very independent until their early 80's when they agreed to a LPA for Health. Just discovered that my parents (in late 80's) have two funeral plans each, one is paid up and covers literally everything (Gold standard) and the second plan is with with the Coop they are paying a…
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Inheritance Tax Calculator
Hello, I’m in the process of dealing with my father’s estate and
Probate, and am confused by the Government’s websites regarding Inheritance Tax
and how to value an Estate for IHT. To clarify the situation, my father’s home is in Tenants in
Common with his wife; they each own half the house’s value. He has left his half of…
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Backdated widows allowance
Is backdated WPA not classed as savings for a year if on UC? Also can I split the money between my kids?
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Probate & Discretionary Trust - where do I start?
My mother has passed away leaving her home in a trust to my brother and me. We haven't worked out her cash assets yet, but they're between £150-£200k. It seems using a solicitor for probate is really expensive; should I apply for that myself since it's under the IHT threshold? I have no idea where to start with the trust -…
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Taxes on Pension lump payment from a foreign pension scheme
Hi, Apologies if this is something already covered elsewhere but I've searched in vain on the forum and also on the internet. Can anyone tell me how UK IHT and income taxes would work on a lump sum payment to a beneficiary from a US based pension fund? My situation is that I was a named beneficiary for a lump sum payment…
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Natwest bereavement portal
Has anyone else found the NatWest bereavement system slow and useless? i uploaded all that was required except grant of probate a few months ago. When grant of probate was issued, I uploaded that. When I filled out the closure form there was an error with their system which wouldn't let me enter info in some of the boxes.…
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Has probate been granted?
Apologies in advance for the naivety. I'm very new to probate matters. I am in the process of buying a house which, annoyingly, was listed for sale before the whole probate process was even started. My offer was accepted in October but the probate application was only submitted, online, in February. Today, I logged into…
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Inheritance tax checker
Hello, everyone. I'm just starting the probate process for my mother's estate. It is an excepted estate and everything is being left to my father. Just under five years before she died my parents made gifts totalling £90,000 to us children. The government's online inheritance tax checker doesn't appear to apply any…
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MyWishes 'tech for good' platform
Hello MSE Team, Thanks so much for all that you do and recommend. My husband and I are starting to put a plan together for
our End Of Life. I’ve downloaded the LifeBook (AgeUK) recommended by MSE and
have started to work through it. Have you had any experience of the digital application
MyWishes It’s a free to use, 'tech…
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PROBATE QUERY
Co-op Legal Services are dealing with my late father's estate and obtained the Grant of Probate in December 2023 (as my father left a will). They first approached me in August 2023 (as I used Co-op Funeralcare for his funeral), shortly after his death in late July and listed what bank and savings accounts he had which were…
