Inheritance Tax Blues

nom_de_plume

Did both executors make the application for probate? Have Oath's been sworn?

AnotherJoe

It must be well past that to have got to property being seized. Years past. And well past any help from this board other than the bleedin' obvious of getting legal advice.

badger09

I find the whole saga incredible:cool:

Markedup

I agree this story is incredible to say the least, there are three beneficiaries who are sisters and it seems my mother was appointed to act as a go between, although she does not recall ever being asked about the role. I understand there is a charging order against the inherited property of the same amount, therefore it is likely that whoever sells or transfers their property first will settle the debt.

The year of death was 2006 and probate was granted in 2007 indicating debts and liabilities of around 14k. However, HMRC apply daily interest charges and this led to an increased debt of some 70k due to the lengthy delay. I am trying to to contact the other sisters who are resident abroad, to ascertain whether they retain any interest in the property and if so to what extent. The property is currently valued above 1m.

Many thanks

Mojisola

Markedup wrote: »

there are three beneficiaries who are sisters and it seems my mother was appointed to act as a go between, although she does not recall ever being asked about the role.

It's very bad form to appoint an executor without having asked them if they are willing to take on the work - especially if you don't leave them anything to compensate for their time!

For future reference, even if you are named as an executor, you don't have to take on the role.

Keep_pedalling

After 12 years I am not surprised HMRC have taken such drastic action. Why are the other beneficiaries letting their sister deprive them of their inheritance?

She needs to be evicted and the house sold.