IHT Probate and excepted estates

otb666

Still waiting for equinti to pay shares approx 2k and CS pension to pay SP overpayment approx 500. house sale pending hope to complete in new year.

otb666

Equinti have had death certificate posted then form with both extors signed /proof of address/share certificate/probate emailed.3 times. Now today decided want original probate posted. They are certainly making it hard.

otb666

Equinti are sending another form after speaking with them today the original form was for dividends only This company is really bad. No mention of the other form when we sent probate to them. Just venting.

otb666

Equinti and CS pension now paid so just house left and as buyer has lost their buyer may have to start again with that

otb666

We will hopefully be at the end of it all next month when house sale completes. 2 executors have been paying ultilities from a normal account in both executors name. The Probate figures have been about the same as what was received. Apart from house which went for less than put on Probate form by 40k. So grand total for whole of estate was 400k not 440k listed on probate.

Apart from advising gas elect water and council tax Is there anything else the two executors (same 2 beneficiaries ) have to do or inform? There was no income generated whilst executing probate.

jem16

https://forums.moneysavingexpert.com/discussion/comment/81899672#Comment_81899672

So no interest or dividends received after date of death?

RAS

Even though it's a while since your father died, consider setting up mail re-direct for a year. At lot will be junk, but there could be the odd unknown account or old friend or relative who doesn't yet know.

otb666

Thanks for replies Shares went down so 2k given at probate was less. £15 dividend payment before sale. The RM want a lot of imfo for redirecting as we dealt with mail since 2022 not gonna do re directing. Do we need to report final estate to anyone other than beneficiaries?

As we are near the end dont want to mess it up

jem16

https://forums.moneysavingexpert.com/discussion/comment/81900262#Comment_81900262

If the £15 dividend was after date of death, it’s considered income for the estate. Same with any interest payment due on account closure so if there was a delay from date of death to final closure there could be interest.

However if interest or dividend payments are less than £500 in any tax year there is no need to report it.

https://www.gov.uk/probate-estate/reporting-the-estate