What do I need to do to enable my executors to use my late husband's NRB when I die?

Newly_retired

I am just tying up the ends of my late husband's estate. He died in 2023 and his estate was below the IHT threshold. I am particularly concerned as by the time we had sold all his collectibles, the figures used for Probate are no longer accurate, as we did not fully understand the value of his collectibles at that time. 
 I want to leave my affairs in good order for my executors when the time comes. What paperwork will they need from his estate, if any? Of course we don't at present know what the IHT rules will be by then, and things may change. 

Marcon

Newly_retired said:

I am just tying up the ends of my late husband's estate. He died in 2023 and his estate was below the IHT threshold. I am particularly concerned as by the time we had sold all his collectibles, the figures used for Probate are no longer accurate, as we did not fully understand the value of his collectibles at that time. 
 I want to leave my affairs in good order for my executors when the time comes. What paperwork will they need from his estate, if any? Of course we don't at present know what the IHT rules will be by then, and things may change. 

If he left everything to you(?), then he won't have used any of his NRB (and if there's a property which is now wholly yours, he won't have used any of the residence nil rate band). Keeping a copy of the grant of probate easily accessible will be all your executors need - but they can always get a copy of this and his will online for the princely sum of £1.50: https://www.gov.uk/search-will-probate

Newly_retired

Thank you, but it is more complicated. 
The house is owned as tenants-in-common, 50/50, with his share in trust for his children.
The assets outside of the house are split three ways, between me and the two adult children.

Keep_pedalling

It sounds like his will created an immediate post death interest trust, which leaves you as the beneficial owner of his share and legal ownership with the trust. 

This will not have used any of his NRB or RNRB as this is covered by spousal exemption and for IHT purposes if forms part of your estate. 

Any other assets he left to his children will reduce the amount of transferable NRB.

What is the difference between the declares value of these other assets that went to the children and the actual amount they sold for?

Newly_retired

Around £40K.    Some, if not all, of the collectibles will probably have sold for less than he originally paid, over the years. Most items did not have great intrinsic value, and a collectible item is worth only what someone is prepared to pay for it. Careful marketing was the key. I could easily have put some of it in a skip.