Simple power of attorney

Mistermeaner

Hi my mum passed away recently leaving my dad as sole beneficiary and executor of her will

His will has his (Inc her prebious) assets passing to me and 3 siblings with their solicitor as the executor

From what I've seen the estate is simple and I'm reasonably adept at legal financial stuff

I would be confident being executor and managing probate on his behalf and will ask solicitor to amend the will - or is there another simpler way (ie can solicitor delegate executor responsibility to me ?)

Also I've read getting my dad to grant power of attorney to me might be useful for all sorts of stuff and that there is a simple online form to achieve this - can someone point me to that

Nb all siblings are fine with me assuming these roles


Thanks

Tom99

If the wording of your father's will is straight forward you could just re-type it and change the executors. Maybe include all 4 of you so when the time comes you can decide if its easier for 1 or 2 of you to apply for probate.

LPA here:

https://www.gov.uk/power-of-attorney

Keep_pedalling

He should also appoint more than one attorney in case you pre-decease him or become incapacitated through illness or accident. Attorneys need to be able to act jointly and severally.

badger09

Mistermeaner wrote: »

Hi my mum passed away recently leaving my dad as sole beneficiary and executor of her will

His will has his (Inc her prebious) assets passing to me and 3 siblings with their solicitor as the executor

From what I've seen the estate is simple and I'm reasonably adept at legal financial stuff

I would be confident being executor and managing probate on his behalf and will ask solicitor to amend the will - or is there another simpler way (ie can solicitor delegate executor responsibility to me ?)

Also I've read getting my dad to grant power of attorney to me might be useful for all sorts of stuff and that there is a simple online form to achieve this - can someone point me to that

Nb all siblings are fine with me assuming these roles


Thanks

Now I'm confused:cool:

In this thread, you said your mum left £280k held in 3 ISAs to her 4 children.

https://forums.moneysavingexpert.com/discussion/5962490/can-an-isa-be-inherited-as-an-isa

Now you're saying dad is sole beneficiary and executor.

Can you explain?

Robin9

If your mum's estate of £280k is anything to go by your dad's may well be substantial.

It's time for a new will drawn up by a solicitor. Don't have the solicitor as an executor.

Mistermeaner

badger09 wrote: »

Now I'm confused:cool:

In this thread, you said your mum left £280k held in 3 ISAs to her 4 children.

https://forums.moneysavingexpert.com/discussion/5962490/can-an-isa-be-inherited-as-an-isa

Now you're saying dad is sole beneficiary and executor.

Can you explain?

Hi I'm seeking advice on various things in an area that is new to me - in asking questions i am trying to give enough specific info to enable decent answers without going chapter and verse on items i don't believe relevant

To explain more being as you asked my mother and father each had a will drawn up at the same time : both wills essentially the same - everything to other (if alive)

If they are the last alive then the estate 4 ways with a few minor exceptions and the house treated separately (so what I said in The other thread is true but not The full picture - The question however was valid and The answers received useful )


The whole estate is sub the threshold for income tax, both now on my mum's death and also when dad goes

My dad is 10years older than mum and not in great health

He wants me to take over responsibility for his affairs and I'm figuring the best way to manage this and see their wishes are fulfilled as economically as possible

I hope this clarifies things - I'm not a crank i just don't feel the need to explain all the ins and outs when not relevant ; thanks for checking my post history though

Nb did the online poa forms today - very straight forward . Did 2 . One for health the other for finances

Seeing the solicitor later this week and will look to amend dad's will to make me executor

Too late for mum's but should be simple enough as everything going to dad

Interestingly I've already started doing a lot of the transfer of stuff into dad's name already with bills etc including a car - only the car finance people have asked for a death cert so far

Thanks all for help

Keep_pedalling

Mistermeaner wrote: »

Hi I'm seeking advice on various things in an area that is new to me - in asking questions i am trying to give enough specific info to enable decent answers without going chapter and verse on items i don't believe relevant

To explain more being as you asked my mother and father each had a will drawn up at the same time : both wills essentially the same - everything to other (if alive)

If they are the last alive then the estate 4 ways with a few minor exceptions and the house treated separately (so what I said in The other thread is true but not The full picture - The question however was valid and The answers received useful )


The whole estate is sub the threshold for income tax, both now on my mum's death and also when dad goes

My dad is 10years older than mum and not in great health

He wants me to take over responsibility for his affairs and I'm figuring the best way to manage this and see their wishes are fulfilled as economically as possible

I hope this clarifies things - I'm not a crank i just don't feel the need to explain all the ins and outs when not relevant ; thanks for checking my post history though

Nb did the online poa forms today - very straight forward . Did 2 . One for health the other for finances

Seeing the solicitor later this week and will look to amend dad's will to make me executor

Too late for mum's but should be simple enough as everything going to dad

Interestingly I've already started doing a lot of the transfer of stuff into dad's name already with bills etc including a car - only the car finance people have asked for a death cert so far

Thanks all for help

Thanks for the clarification, but you do really need to explain things when you have posted two threads that totally contradict each other.

Mistermeaner

Keep_pedalling wrote: »

Thanks for the clarification, but you do really need to explain things when you have posted two threads that totally contradict each other.

No problem

I often mask details on a forum such as this to i hope protect anonymity - if you look at my post history you'll see info regards both mine and my partner's and children's finances and I would hate to be recognised by family / friends who may also visit here

Also I don't believe anything was contradictory - mum's will said what I stated ; estate Inc isas 4 ways - the questions I asked are valid whether it is my mum's or my dad's will as both state the same

I'm honestly surprised anyone would check post history and seek validation of possible inconsistencies ..... There's a shed load of detail you don't have or need

I appreciate the help but not The questioning if I'm honest as your enquiries into what I have posted add nothing to the discussion

Keep_pedalling

Mistermeaner wrote: »

No problem

I often mask details on a forum such as this to i hope protect anonymity - if you look at my post history you'll see info regards both mine and my partner's and children's finances and I would hate to be recognised by family / friends who may also visit here

Also I don't believe anything was contradictory - mum's will said what I stated ; estate Inc isas 4 ways - the questions I asked are valid whether it is my mum's or my dad's will as both state the same

I'm honestly surprised anyone would check post history and seek validation of possible inconsistencies ..... There's a shed load of detail you don't have or need

I appreciate the help but not The questioning if I'm honest as your enquiries into what I have posted add nothing to the discussion

Your 2 threads were only a few days apart, and some people have good memories, so when in one you say a large part of her estate was left to her children and in the next everything was left to her husband I am not surprised someone picked that up, and how you can think that is not contradictory is beyond me.

Mojisola

Mistermeaner wrote: »

Seeing the solicitor later this week and will look to amend dad's will to make me executor

Interestingly I've already started doing a lot of the transfer of stuff into dad's name already with bills etc including a car - only the car finance people have asked for a death cert so far

If the solicitor is the executor, what authority do you have to undertake executor duties?

Mistermeaner

Keep_pedalling wrote: »

Your 2 threads were only a few days apart, and some people have good memories, so when in one you say a large part of her estate was left to her children and in the next everything was left to her husband I am not surprised someone picked that up, and how you can think that is not contradictory is beyond me.

It’s not contradictory; mums will does state what i said it stated - the situation was hypothetical as my father is still alive ; I was asking because the situation will arise at some point in the future (as my fathers will has the same provisions)... as I said I don’t know why people would question my questions..?? If I swapped ‘mum’ for ‘dad’ or 100k for 200k it wouldn’t change the advice would it ?