Confirmation in Scotland

crazyfj

Hi

My father has passed away leaving me the executor. The lawyer wants a fee of 5k upfront for the paperwork.

However I've contacted all the banks etc and set up an holding account for monies until confirmation is granted.

I was going to process the paperwork myself. C1 is straightforward but when
transferring my Mums unused nil balance for inheritance tax purposes. Is the correct form C5 & IHT217? If I use them I do not need the IHT400 form?

Thanks 

buddy9

C5 and IHT 217 if it is an excepted estate and all of the first person’s nil rate band is available for transfer. Otherwise IHT400.

If there is a house in the estate, also ensure you have considered the potential for transfer of unused residential nil rate band. From memory, the C1 guidance note says nothing about RNRB.

crazyfj

Thank you. 

Attican

You probably have this sussed but I found the information on the mygov.scot website very useful when I did a similar exercise. If you search for ‘confirmation mygov.scot’ you should hopefully find the link.

The overall process is not that troublesome, it just needs a methodical approach.

crazyfj

I'm not sure I've sussed it and the lawyer keeps telling me one mistake and it will be rejected but I'll have a read thanks 

GSS20

crazyfj said:

I'm not sure I've sussed it and the lawyer keeps telling me one mistake and it will be rejected but I'll have a read thanks 

Even if it’s rejected you do not have to pay again you only have to rectify the mistake.

crazyfj

Hi

Does anyone have any advice for the Inventory, its mainly to with listing the accounts. Do I list it like this:-

1.  Royal Bank of Scotland, Edinburgh, Scotland
     Account Number ......
2.  TSB.....

etc? 

buddy9

There is an example in a Scottish Government document  - pages 34 and 35

crazyfj

Thank you so much