-
Tax codes for 2011/12 Tax year
I don't know if this will help anybody, but I've just spent considerable time checking out things and phoning the Tax Office. I am aged 64 but will be 65 during the 2011/2012 tax year and therefore entitled to the higher personal allowance of £9940 per annum. I've just received my PAYE coding notice and they say: "£7475.00…
-
Executor - Valuing possessions
Any advice on how to proceed with valuing possessions? The estate will pay a small amount of IHT so each extra £ = a 40p tax bill but at the same time I obviously need to do the right thing to comply with the Revenue requirements and not create problems for everyone at a difficult time. The 2 bedroom flat will not be sold…
-
Freebies/Goodies when you hit 50 - what is there?
I've seen the lovely Michael Aspel on the telly, offering a free Parker Pen if I buy into their insurance plan, but, that aside.... what goodies/freebies and extras can one start receiving once one hits the big five O? Anything I need to know about? Stuff like special savings accounts that are good, or ... well, anything.…
-
Bankaccount for Pensioners
Hello thanks in advance for this. My question is - how easy is it for a pensioner aged 74 who doesnt have a bank account and debit card to get one. My Father died in December and my Mother only has a savings account which they wont allow her to have either a debit card or a direct debit facility. She is currently with…
-
State pension - qualifying years
My friend wants to know whether she is getting the correct amount of State Pension. She has only worked full-time for a few years. I think there is a State Pension calculator somewhere which will enable her to work out what percentage of the State Pension she is due for (ie according to the number of years she worked for).…
-
Executrix woes
Desperately hoping someone here can help me with some advice. Sadly, my mother passed away recently leaving a will which leaves myself and my sister as beneficiaries each expecting to receive 50% of the estate (which will be very little after creditors are paid). Unfortunately I was named in the will as executrix. I…
-
Electronic Gold???
I have a some electronic gold. It is in little pieces and is treated for use in electronics. My question is: How much, if anything, could this be worth (per ounce)? And where should I look to sell it?
-
key safes
Don't k now if this will be of any help to anyone who has elderly parents/ relatives that live alone but I will post this any way. My Mum is 86 and now lives alone . She always locks her door. She has an emergency line which she wears around her neck (when she remembers) .. but if any emergency service needs access , they…
-
Executor - expenses
As executor, what expenses am I able to claim from the estate and what evidence do I need to establish a claim? Travel to the property is 250 miles by car so that's one aspect that concerns me. Is this allowable? Should I record mileage and / or keep petrol receipts? Stamps? (A list of correspondance or a receipt for…
-
Deprivation of capital
sorry I know there are threads on this but I wanted to ask advice . My aunt has early stage dementia . She lives alone and has her own house . I want to pay for a funeral plan now . I also want to use some off my aunts saving to put a headstone on her husbands grave . I also want to use some off her savings to take her our…
-
Implications of giving money away to family
An elderly relative wants to give away some money to family. She is below the IH threshold. She is concerned that in a few years she may need residential care and would like to know the implications of doing this regarding paying fees. How many years back of finance do they look at for instance ? Thankyou
-
Cold Calling
Hi, Can anyone tell me if there are any regulations re cold calling on the elderly, who may be not terribly savvy or even confused. Many thanks
-
Executor - Overpayment of private pension
What is the best way to proceed when a monthly pension annuity payment has gone into the deceased's account after his/her death?
-
Executor - Treatment of savings a/cs
What happens to the savings' accounts of the deceased between death and grant of probate? Are they frozen with no interest added after death? Do they carry on earning interest after death? Can I even choose when to cash them in (after obtaining probate, of course)? Most of the money in the estate I am dealing with is in…
-
Care for the elderly-Newspapers today.
Daily Mail Front page Hospitals use trespass laws to prevent elderly bed blocking. Aparently some hospitals are now using the trespass laws to remove elderly patients by giving them 48hours to vacate beds. This seems like one government funded organisation declaring war on another and using the elderly and infirm as a…
-
Executor - Future bills on the deceased's property
On an earlier thread I suggested paying these out of the estate account but several people advised against this. What is the best way to pay for insurance and utility bills after someone dies?
-
Travel Insurance for over 75's?
My Mum (76) is going abroad (Europe only) a couple of times this year and I believe an annual policy v 2 x individual trips will be cheaper? She is in good health now and the only medication she takes are the cholesterol/blood pressure/aspirin tablets so common in many her age. She had a heart attack about 6 years ago…
-
Psyche evaluation
My grandfather is still in hospital, so far we have arranged his live in nurse and been granted through the social work department direct payments to help toward this. Up to now his needs have been considered as social i.e 24/7 supervision due to confusion although not diagnosed as why. I have just been informed that he…
-
Executor - Tax return for the deceased
Any advice on this one? I guess the big picture is that there will be a repayment of tax to the estate unless the deceased dies right at the end of the tax year? And so that must mean that I can't distribute the estate until this reclaim has happened. Do I need the grant of probate before proceeding with this?
-
Q about selling house and care home fees or care in the home
Briefly the situation is that mother (87) is in hospital after a recent fall, following a long spell in hospital a year ago. I live in Wales, she is in Birmingham and I can't get to see her in the foreseeable future due to personal circumstances. My brother lives near her, in his own little family bubble where mother has…
