Gifting from an inheritance

lincroft1710

I wouldn't give her anything. Has she asked about her father, did she attend the funeral? He didn't want her to have anything, so why not just leave it like that?

BikingBud

@Pippin56

How has the relationship with the deceased's daughter panned out?

What is she expecting?

Is she aware she was excluded or is she still in hope?

What have you discussed?

Over the last 15 months you could have fashioned the environment and her expectations to create a more amenable settlement.

Pippin56

https://forums.moneysavingexpert.com/discussion/comment/82016219#Comment_82016219

There’s been no contact from her side over the past year plus. I don’t think she realised there is any money in the estate. I have deliberately not got in touch apart from letting her know he died and the funeral details which she didn’t attend though may have watched online as I arranged that in case she wanted to. I haven’t made contact as I thought it could open up her expectations and impatience for things to be settled and it’s hard enough as it is clearing his property by myself. I am saving one of two personal things that she might want in time.

Pippin56

https://forums.moneysavingexpert.com/discussion/comment/82015947#Comment_82015947

Although he was adamant that he didn’t want her to have anything, he also said that if I wanted to give her anything that was ok with him, and I feel it’s the fairest thing to do.

Pippin56

https://forums.moneysavingexpert.com/discussion/comment/82015874#Comment_82015874

Thank you. Sorry to hear you’re also going through something similar. I think it’s very unlikely that my eventual estate will be anywhere near IHT thresholds so maybe a DoV isn’t worth worrying about in any case which is good news I’m feeling enough (self imposed and financial pressure) to get things done as quick as possible as it is

https://forums.moneysavingexpert.com/discussion/comment/82015894#Comment_82015894

Thank you. I’m not married but I do have children. I think I might be worrying about this unnecessarily.

https://forums.moneysavingexpert.com/discussion/comment/82015901#Comment_82015901

Thank you. I think I was imaging that the DoV was like a whole new will that was publicly available and that recipients would get notified. You mention that you can wrote the DoV anytime. I thought it had to be within 2 yeas of the death of the person whose will it relates to? Thank you.

Albermarle

Thank you. I’m not married but I do have children. I think I might be worrying about this unnecessarily.

So you will have a personal nil rate band of £325K and if you leave your house to your children as extra £175K. So unless your estate is likely to exceed half a Million Pounds, you do not have to worry about IHT, or any gifts you make.

Note though the levels are currently frozen and hopefully you will not die for a while yet. Also tax laws get changed sometimes.

lincroft1710

https://forums.moneysavingexpert.com/discussion/comment/82016817#Comment_82016817

All that means is, he isn't making conditions concerning his bequest to you. Daughter has not attempted to get in contact or help in clearing/sorting his effects. She doesn't deserve anything and being the nearest living relative to the deceased does not entitle her to anything from the estate. I would predict that if you offer something to the daughter it will only open up a can of worms

Keep_pedalling

https://forums.moneysavingexpert.com/discussion/comment/82016828#Comment_82016828

Sorry I did not make myself very clear, yes it has to be done within two years but there is nothing stopping you writing one before you have obtained probate, so if that drags on you can do it anytime before the two years is up. As it stands you still have plenty of time.

BikingBud

https://forums.moneysavingexpert.com/discussion/comment/82016812#Comment_82016812

Unsure why you feel any need to offer any of the legacy that has been passed to you when the deceased's daughter did not attend the funeral and has not made attempts to contact you. It also seems that you did not have a relationship or try to reconcile their differences. I feel if you do reach out and offer even a small token then your role and your patience might be tried excessively.

You have not stated if you are the executor but it does appear that you are. So I would just progress with administering as you have been directed in the will and raise a small glass to remember your friend and thank him for his generosity.

Grumpy_chap

Is the house sale taking a long time because a buyer cannot be found, or for issues around the process of probate? If the former, reduce the asking price for a quick sale and get the Estate finalised.

Out of interest, does the OP claim any means-tested benefits?