Grant of confirmation - additional documents

Frazerclark79

Sorry to bother you again buddy...I've just realised I have another query before I hand the c1 in and wondered if you could advise?

After my mum's death, she received into her bank 2 state pension payments and also 2 attendance allowance payments and so I wondered whether the total of overpayment would be added to box 14( debts and liabilities) ?

buddy9

The inventory is a statement of the estate at the date of death and in the case of a bank account should include the account balance at that date (including interest where appropriate).

Any overpayment of benefit which occurs after the date of death and which needs to be repaid will have no effect on the date of death balance and is therefore not a liability included in the C1.

RAS

buddy9

Thank you so much. Confirmation was so long regarded as impossible for lay people.

You've helped so many lay people get confirmation without legal costs, you deserve a medal.

Glad you are on MSE

Frazerclark79

Totally agree @RAS.....I'm intrigued as to.the true identity of @buddy9 they are here like a hero. They have reduced my stress and anxiety through this and I would like to express my gratitude to them once I move beyond this excersize...thank you

Frazerclark79

Buddy 9 mbe

Anon2222

I wonder if someone can confirm a few points regarding the Grant of confirmation process. 

I am dealing with my late fathers estate, who is survived by my mother.

They both had 2 x joint accounts with BOS and they both contributed to the funds. My mother has advised the bank of the death and she still has access to the account as the sole account holder.
In relation to the inventory do I include these accounts and show the proportionate balance attributed to my Father's estate (half the balance of the accounts at date of death).

Also in relation to the property value can I use an online Zoopla valuation and if so do I document this in the inventory.

I have attached a copy of the inventory which I was thinking of submitting. Any comments would be gratefully received, 

buddy9

The image would not open for me.

Anon2222

Hope this works!

Anon2222

buddy9 - Can you see the image now?

buddy9

Anon2222 said:

buddy9 - Can you see the image now?

50/50 ownership is a common approach and with the joint accounts shown in the inventory. So the inventory entry should be fine. Technically the half shares are part of Father’s moveable estate and could be subject of a claim of legal rights by the children and this might need to be taken into account in the IHT calculations on page 5. But children often renounce their legal rights.

If the house does not have a survivorship clause in the title (special destination) and the share is passing to mother, then the entry looks fine, but no real need to mention Zoopla. 

In the inventory items 3 and 4 are nil entries and probably don’t need to be numbered. Inventories are often submitted without this type of nil entry and reliance can be placed on the summary totals. Though most of the examples on the forum show nil entries.