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IHT: NRB Discretionary Trust amounts & dissolving
Trying to understand how IHT (inheritance tax) will work in relation to a previously created Nil Rate Band Discretionary Trust (NRBDT). My father died suddenly in January 2005, leaving my still alive mother his estate. At the time a NRBDT was created with £263k within it (the IHT threshold in Jan 2005), via a Deed of…
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British citizenship queries - help sought pls
Please does anyone have good knowledge about how to apply to become a British citizen and whether a child (born outside UK) (automatically) becomes a British citizen or is also entitled to apply for British citizenship? I'm posting on behalf of a friend. His circumstances are as follows: · Italian national · Living and…
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Martin Lewis: Why Power of Attorney is not just for the elderly – and more important than a will
Do you have a Power of Attorney? MoneySavingExpert.com founder Martin Lewis explains how this crucial protection works, why it's more important than a will, and how to get one in the latest episode of ITV's The Martin Lewis Money Show Live. Watch the clip here: Martin Lewis: Do you have a Power of Attorney? It's crucial…
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Inheritance tax and transfer to spouse time limited for
Hi, Quick question if anyone can help please l.Father in law (FIL) is very poorly and owns half his house on deeds .mother in law (MIL) owns other half the house on deeds. If FILs will is to transfer all his estate in her name upon death then their house worth circa 350k would mean no inheritance tax as 175k each owns. (IE…
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LPA - Father signature issues
Hi My elderly father is starting to lose his memory so I have been trying to set up a financial LPA but he is struggling to sign his own signature. He can sign but he is signing in uppercase rather than lowercase as per his original signature. We have tried to show him copies of his originally signature but he is…
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Money Moral Dilemma: Should I pay more towards my partner's bills than my own?
This week's MoneySaver who wants advice asks... My partner and I want to live together in her home. She has a small mortgage on her property and I live in a narrow boat that's paid for. My living costs covering food, energy and water are £350 a month, and I believe that's what I should pay if I lived with her. But she…
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Ex wife trying to make financial claim after 22 years of divorce
Hi all, A friend of mine got divorced from his then wife around 22 years ago. Part of the deal was she would get 50% of the equity in their house. This money was paid to her and the divorce was amicable. She even continued to work for his (my friend's) company for a good number of years after the divorce. Just last week,…
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Abusive relationship
Hi, I've not posted here for years... but could do with some advice on my best friend. Basically she's in a really abusive relationship that I'm desperately trying to get her out of. She's in her late 20s She doesn't live with him (yet) thankfully, but he's currently in the process of purchasing his first house - and he…
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Personal Alarms for Elderly
Looking for advice on who to go with, it would be a pendant type. Needs to be they type you speak to someone.
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To regift or not to regift...
Over the years we've had several threads on regifting: * What are your thoughts on regifting? (2010) * Have you ever received gifts you have given someone, back as a gift? (2014) * Re-gifting (2016) * Regifted present from sister in law (2017) * Regifting issue... (2017) Some say it's a great thing to do, so long as you…
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Property ownership
Not sure this is in the right section . . . . . Our little home in SELondon is possibly worth £375k if local property sales are anything to go by. It’s in my sole name and I’m concerned that should I drop dead it’d pass to my partner as planned but she’d immediately be faced with an IHT bill. There is the real possibility…
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Gifts - do I have to give them back legally
I’ve recently split up with my boyfriend. He is demanding gifts back that he bought for me. He says if I don’t give these gifts back he’ll take me to court to get them back. Where do I stand legally? Things like a fridge/freezer, hoover, garden furniture. He says that because he has receipts for purchasing the items, the…
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Advice for separating after 10 years and joint home
Hi there, My partner and I are separating after 10 years. He is buying me out and I'm in the process of buying my own house. We don't have children together (but rather one child each from previous relationships). It's amicable, but he doesn't want to separate. We have loosely agreed figures, but now it's crunch time and…
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Who gets all the unused child care vouchers?
So my wife has over saved into her childcare vouchers at work. We have over £900 I think. But our kids are old enough to not use anything that takes childcare vouchers. We even enquired with babysitters thinking we could have a few rare nights out, and they said they are not allowed to anymore, the government stopped it.…
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What age is it okay for a child to start nursery?
I'm a grandfather, and our children were at least two years old before they started nursery school. What is usual these days?
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Divorce - Financial Advice Needed
I am looking to get some impartial advice on how to separate assets in my upcoming divorce. Thank you in advance for your time in reading this and I appreciate any honest opinions, preferably based on experience or knowledge. My wife and I are divorcing and we have today submitted the application for it. The next step is…
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Adult son with learning disabilities, PoA in place, banking, benefits
Hi Our adult son has now finished education and has made a successful claim for Universal Credit with a Limited Capacity for Work Related Activity judgement in his favour. He's therefore getting the "entitlement" amount of £292 plus £390 per month, in addition to his PIP claims. We have PoA (jointly and severally) for him…
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Private school bursaries / entry exams
My child will be going to senior school next year and we're looking at various options. I'd really like him to get a good quality education and our local high school is not very good, so I've been looking at private schools, hoping we can get a decent (80%+) bursary. Sadly there's very little information on the schools'…
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Parents living with me
The time has come - after coping remarkably well living independently until now, my mother (93) and my father (87) will be moving in with me on Friday. They want to contribute to the cost of running the house, and all the additional costs of having them with me. They want to pay me £1000 a month - this is far more than I…
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Falling Asleep At Night
Hello you very wonderful and intelligent individuals that make up these forums. I sincerely hope you are doing well. I really struggle with tiredness at night, i sometimes am falling asleep on the sofa at around 9pm, then i often wake up about 2am, then it takes me a while to get back to sleep again. I kindly wondered how…
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Most recent: Money Moral Dilemma: Should my sibling compensate me for handling our parents' estates? by kimwp
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