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IHT Probate and excepted estates

otb666
Posts: 843 Forumite


I am hoping you can advise
Mother passed away 2023 will left all to her husband.
300k house jointly owned and father also has 110k in normal bank account and 12k in shares.
Gifts may be below allowances. We will have to go through 7 years statements and bank stubs to check. We had to use our Amazon for all needs and goods and he transferred money to me. We can list his purchases if required from the amazon account. (he never liked using his cards online)
Is this an excepted estate? and what IHT forms need to completing if it is.
What forms need completing if not.
I have read the gov website but am easily confused.
Do we apply for mothers unused tax allowance as we did not need probate on first death. Land Registry still has both names on it.
Also when do we notify Attendance allowance as been 2 weeks in fully funded respite care
Nurses say he is very close to death.We have no POA and we are being advised he is near to passing away but what keeps me up at night is us trying to do it all. If I have some pointers it would help me stop worrying not being cold but just stressing about wrong things does not help I know you are all very helpful and non judgmental
I am executor of will together with only sibling we are both the only beneficiaries.
Thank you
Mother passed away 2023 will left all to her husband.
300k house jointly owned and father also has 110k in normal bank account and 12k in shares.
Gifts may be below allowances. We will have to go through 7 years statements and bank stubs to check. We had to use our Amazon for all needs and goods and he transferred money to me. We can list his purchases if required from the amazon account. (he never liked using his cards online)
Is this an excepted estate? and what IHT forms need to completing if it is.
What forms need completing if not.
I have read the gov website but am easily confused.
Do we apply for mothers unused tax allowance as we did not need probate on first death. Land Registry still has both names on it.
Also when do we notify Attendance allowance as been 2 weeks in fully funded respite care
Nurses say he is very close to death.We have no POA and we are being advised he is near to passing away but what keeps me up at night is us trying to do it all. If I have some pointers it would help me stop worrying not being cold but just stressing about wrong things does not help I know you are all very helpful and non judgmental
I am executor of will together with only sibling we are both the only beneficiaries.
Thank you
21k savings no debt
0
Comments
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I don't think you have anything to worry about concerning any of the above, but I will let the experts advise in more detail. Make the most of what time you have left with your father. Sad times. Many of us have been in this situation so can walk you through probate steps as and when needed.2
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Assuming that he did not make any large non exempt gifts in the last 7 years then this is going to be an exempt estate and you will not need to do an IHT return. You will need to apply for probate and you can claim your mother’s transferable NRB taking his exemptions up to £650k.You don’t need to document the transactions you made for him, and you don’t really need to trawl through 7 years of bank statements for every small gift he made.0
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