C1 Scotland Inventory

weeboyfromlochore

Hi I have a couple of question on the C1 Form Inventory:

1. Deceased rented property is still accruing rent how do I show that on the inventory?
2. DWP have informed me that he is owed some unclaimed pension.

I'm not sure if there is a specific way of writing these in the inventory or is it as simple as:

Rent accrued at ....................   £ xxxxx
DWP unclaimed pension          £ xxxxx

Thanks in advance for any assistance.

Col.

buddy9

A pension underpayment is an asset and should be listed in the inventory. Perhaps include a description of the pension type.

If the deceased was a landlord, any rent payment due accrued up to the date of death and not otherwise included in the inventory, should be included in the inventory. Again, a better description might be ‘income due in respect of rent payment of leased property’.

weeboyfromlochore

Hi buddy9,

thank you for the information. I’m trying to ensure all his assets are listed but I don’t want the form rejected because of wording.

The pension is the state pension and is money owed up to his death. The rent for his  property has accrued after his passing.

many thanks for your advice and assistance.

Colin.

buddy9

weeboyfromlochore said:

Hi buddy9,

thank you for the information. I’m trying to ensure all his assets are listed but I don’t want the form rejected because of wording.

The pension is the state pension and is money owed up to his death. The rent for his  property has accrued after his passing.

many thanks for your advice and assistance.

Colin.

The inventory is a list of assets at the date of death. So rental income received or due in respect of the period after death is not an asset of the deceased and is not included in the C1. It is estate income https://www.gov.uk/probate-estate/reporting-the-estate

weeboyfromlochore

Hi buddy9,

thank you clearing that up.

regards,

colin.

MyHartWillGoOn

@buddy9 just wanted to jump on this and say a massive thank you to you for all your help with this and other pages related to the confirmation process on this forum, I was able to use the information to help my mum complete the paperwork for my Grannie and we were both amazed to get the confirmation approved first time this time last week. The estate was classed as large but not really big enough to warrant spending thousands on solicitors and it’s not what my Grannie would have wanted, so thank you so much! 😊 

Lindsba

Hello,

I’m so glad I found this Forum as it has been invaluable in helping me understand and progress the completion of a Confirmation Request. I am in the process of completing this as a nominated executor for my father. He is survived by his wife so this is an excepted estate with no IHT to pay.

I do have a few questions in relation to my case that I hope can be answered:

1.      The main dwelling house was owned jointly by my father and mother with no mortgage outstanding. I understand this automatically becomes my mothers house, but I’m struggling to confirm if there is a specific survivorship clause (which I’ve seen mentioned in other posts) that means this property wouldn’t need to be listed on the inventory. If I’m not 100% sure, am I better to list this as 50% ownership under my father using the wording Deceased’s one-half pro indiviso share £xxxxx  (and I understand that if I don’t list this property on the Inventory due to survivorship, 50% of the property value is included in the Gross Value of the Estate in Box 23.)

2.      If I am to be listing this in the inventory, would it be recommended to include reference to the Disposition? I have possession of this and also did a search of the Sasines Register.

3.      If I don’t list this property on the inventory, do I still need to include a 50% share of the estimated contents value?

4.      My father owned shares in NatWest Group and BT Group. Do the NatWest shares go under Moveable Property in Scotland as NW are registered in Scotland, and BT as Personal Estate in England & Wales?

I appreciate the answers to Q’s 1 and 3 will determine what values I need to be completing in the various boxes so I may have some follow up questions!

Thanks in advance to anyone who can help.  

buddy9

Lindsba said:

Hello,

I’m so glad I found this Forum as it has been invaluable in helping me understand and progress the completion of a Confirmation Request. I am in the process of completing this as a nominated executor for my father. He is survived by his wife so this is an excepted estate with no IHT to pay.

I do have a few questions in relation to my case that I hope can be answered:

1.      The main dwelling house was owned jointly by my father and mother with no mortgage outstanding. I understand this automatically becomes my mothers house, but I’m struggling to confirm if there is a specific survivorship clause (which I’ve seen mentioned in other posts) that means this property wouldn’t need to be listed on the inventory. If I’m not 100% sure, am I better to list this as 50% ownership under my father using the wording Deceased’s one-half pro indiviso share £xxxxx  (and I understand that if I don’t list this property on the Inventory due to survivorship, 50% of the property value is included in the Gross Value of the Estate in Box 23.)

2.      If I am to be listing this in the inventory, would it be recommended to include reference to the Disposition? I have possession of this and also did a search of the Sasines Register.

3.      If I don’t list this property on the inventory, do I still need to include a 50% share of the estimated contents value?

4.      My father owned shares in NatWest Group and BT Group. Do the NatWest shares go under Moveable Property in Scotland as NW are registered in Scotland, and BT as Personal Estate in England & Wales?

I appreciate the answers to Q’s 1 and 3 will determine what values I need to be completing in the various boxes so I may have some follow up questions!

Thanks in advance to anyone who can help.  

If the house was jointly owned, it will only pass automatically to mother if there is a survivorship clause in the title. Otherwise, the share will pass in terms of the will and needs to be listed in the inventory - then the Confirmation (or a certificate of Confirmation) can be used as a midcouple in the conveyancing.

If the house is in the Sasines Register and you have a copy of the disposition/title and there is no survivorship mentioned, then there is no survivorship and the house share needs to be listed in the inventory. Include reference to the disposition. Some examples in  forum posts, one partial example here https://forums.moneysavingexpert.com/discussion/comment/81646803#Comment_81646803

Regardless, normally include a 50% share of the estimated house contents value. Resale open market value - often very modest.

Shares location follows the registered office.

Lindsba

Thank you @buddy9 for your prompt response. 

I've gone through the paperwork I have for the property and the closest I can find to survivorship is this extract from the Disposition (which is also summarised on the Sasines Register.) Does this help confirm ownership/survivorship?

(Three) the said John Brown has sold the said subjects to JOHN SMITH and Mrs JANE SMITH, Spouses, both residing at XXXX, at the price of XXXX of which he acknowledges the receipt: (Four) the said John Brown has requested us the said Society to grant these presents in manner afterwritten: THEREFORE WE The Abbey National Building Society at the request of and with the consent and concurrence of me the said John Brown for all interest competent to me in the premises and both with joint consent and assent DO HEREBY DISPONE to the said John Smith and Mrs Jane Smith, and the survivor of them and their assignees whomsoever heritably and irredeemably ALL and WHOLE that area or piece of ground extending to…. 

(all names changed, but John Smith and Jane Smith being my parents) 

Your other comments help as well. 

many thanks

buddy9

Unfortunately I do not know the status of the use of the word ‘survivor’ as showm in the extract.