Form PA1P Section 3.6: Which option when the executor named in the will ceased trading?

RichNotYet

Thank you - that's the page I used from which I ran the online-checker tool. From that there's no IHT to pay - it's an excepted estate. As such it states on the page:

If there’s no Inheritance Tax to pay and the person died on or after 1 January 2022

You’ll need to report estimates of the estate’s value as part of your probate application. You do not need to also report it to HMRC.

So the values I've put into the PA1P form. It's the latest form as far as I can see, but it still has the reference to the old forms.

We need to submit the paper copy. I can't post links yet, as I'm too new here, but if you search PA1P HMRC it'll find the page.

A case of HMRC not updating their forms??

Thank you.

Sarahspangles

RichNotYet said:

Thank you - that's the page I used from which I ran the online-checker tool. From that there's no IHT to pay - it's an excepted estate. As such it states on the page:

If there’s no Inheritance Tax to pay and the person died on or after 1 January 2022

You’ll need to report estimates of the estate’s value as part of your probate application. You do not need to also report it to HMRC.

So the values I've put into the PA1P form. It's the latest form as far as I can see, but it still has the reference to the old forms.

We need to submit the paper copy. I can't post links yet, as I'm too new here, but if you search PA1P HMRC it'll find the page.

A case of HMRC not updating their forms??

Thank you.

Why do you need to submit a paper form? Reports on this board are that this delays the grant of probate significantly.

RichNotYet

Sarahspangles said:

RichNotYet said:

Thank you - that's the page I used from which I ran the online-checker tool. From that there's no IHT to pay - it's an excepted estate. As such it states on the page:

If there’s no Inheritance Tax to pay and the person died on or after 1 January 2022

You’ll need to report estimates of the estate’s value as part of your probate application. You do not need to also report it to HMRC.

So the values I've put into the PA1P form. It's the latest form as far as I can see, but it still has the reference to the old forms.

We need to submit the paper copy. I can't post links yet, as I'm too new here, but if you search PA1P HMRC it'll find the page.

A case of HMRC not updating their forms??

Thank you.

Why do you need to submit a paper form? Reports on this board are that this delays the grant of probate significantly.

Thank you - because there is no Executor for the will. When you follow the questionnaire the last question is:

Are all the executors able to make their own decisions?

Some people are unable to make their own decisions, for example because of a brain injury or an illness like dementia.

I answer "no" to this as the Executors aren't available, and it then says that I need to fill a paper form in. 
If I made a leap to say "yes" (i.e. they've relinquished their right through going bust) would the on-line application then give me the opportunity to state that the named executor no long exists? 

Thanks

Sarahspangles

RichNotYet said:

Thank you - because there is no Executor for the will. When you follow the questionnaire the last question is:

Are all the executors able to make their own decisions?

Some people are unable to make their own decisions, for example because of a brain injury or an illness like dementia.

I answer "no" to this as the Executors aren't available, and it then says that I need to fill a paper form in. 
If I made a leap to say "yes" (i.e. they've relinquished their right through going bust) would the on-line application then give me the opportunity to state that the named executor no long exists? 

Thanks

I get it now - you need a “Grant of letters of administration with Will annexed”, where you are entitled to apply as you are the nearest relatives under the intestacy rules, and become executors by that route.

In which case presumably there isn’t yet an online option?

RichNotYet

Sarahspangles said:

RichNotYet said:

Thank you - because there is no Executor for the will. When you follow the questionnaire the last question is:

Are all the executors able to make their own decisions?

Some people are unable to make their own decisions, for example because of a brain injury or an illness like dementia.

I answer "no" to this as the Executors aren't available, and it then says that I need to fill a paper form in. 
If I made a leap to say "yes" (i.e. they've relinquished their right through going bust) would the on-line application then give me the opportunity to state that the named executor no long exists? 

Thanks

I get it now - you need a “Grant of letters of administration with Will annexed”, where you are entitled to apply as you are the nearest relatives under the intestacy rules, and become executors by that route.

In which case presumably there isn’t yet an online option?

That was way more eloquent than my rambling! Thank you, yes that's the position. And unfortunately no, there's no on-line version, it's a paper submission. I'll brace myself for a long wait!

Thanks to everyone, your patience and input has been hugely appreciated. :-)