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Deaths, Funerals & Probate Board Sticky
Relevant Forum threads you may find helpful: * Introduction to this board * Useful references * Guide discussion: Probate: How to do it yourself If you've spotted any other threads on this board which you think should be highlighted, please do let me know. Useful content from MoneySavingExpert.com: * Guide to probate *…
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IHT and discretionary trusts
I’ve a question about trusts. My mother has two properties (lucky her!) and she’s put one into a discretionary trust for my brother which he’s now living in. Does anyone know the tax implications please? If mum lives another 7 years, does that mean it’s out of IHT and all’s clear? After 7 years, does the trust have to pay…
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PA1P Form - Grant of Probate
Hello, I am completing form PA1P - application for Grant of Probate. A couple of the questions state "Only answer this question if no executor to the will is applying". I am executor. This sentence is so close physically on the page to the next question, I am not sure if it relates to the question above or below. The…
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Probate question - Do you need to pay for a house evaluation IF the property is WELL below IHT ?
Hi. About to start doing a relatives probate ourselves. They have a property that was valued 3 years back at 140k. No savings or anything else of value. Zoopla currently says it's £150k. The house next door which is literally identical was sold for 145K in December so we are very confident that it'll be around this price.…
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Registering IPD Trust
Hi all, As some of you may remember my mother left her half of her house to me in an IPD. The other half already belonged to my brother. The trust is just the two of us and for him to have life interest in my half (including investing my half if it is sold) until he dies. I find the solicitor did not register the trust -…
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Confirmation - C1 - post-death funds
I’m in the process of gathering all the info needed for the C1 and am almost there (with Buddy9 help). 1. I’ve just found out a company pension payment was returned to the payee by the bank as the account was closed by the time it arrived. They have confirmed Mum is entitled to this payment and will be sending it to the…
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C1 Help please- Box 2 and also Sasine entry
I am trying to complete the C1 for my step dad's estate. I seem to have a million questions and the guidance isn't helping much. I am unsure of the wording to use in Page 2, box 2. Executors are myself, my half brother (deceased's son) and the solicitor who drew up the will. Brother and I are equal and only beneficiaries.…
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Valuations For Confirmation
Hi, We’re in the process of gathering information in order to complete the Confirmation form. We have a house and several pieces of jewellery and we wanted to check if we need to get written valuations for these? Any advice would be much appreciated.
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Understand 'Grant of Probate on credit'.
Can someone help me understand what Grant of probate on credit means exactly. To cut a long story short, I am about to challenge the validity of a relatives will, and 10 days ago my solicitor put a caveat on probate being granted. However the executor told me around the same time that probate hasnt been granted but a grant…
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Joint trustee bank account
My parents both died with a short time period last year. There will has a trust in it. I registered a trust based on the will with HRMC shortly after my dad died to make sure my mum and benficaries were covered. Unfortunatly my mum died very shortly after the trust was set up last July. I am in the process of selling their…
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Do I need probate/letters of administrauon for a small estate?
my father recently passed away and we hadnt spoken for a long time for various reasons. I am now trying to sort out his estate. As far as I am aware he had no will. He was in a care home when he passed, and had none of his own possessions there. He had been taken from a housing association flat to the care home with items…
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Edited -Final estate accounts / distribution - Thanks to you all
I am close to distributing my dad’s estate. As the property was 50% mums ipdi trust I have split the net proceeds of sale (after estate agent / solicitor fees) 50/50. I will now deduct 50/50 for utilities and empty house insurance. Then just include 50% in the estate accounts and 50% income from the trust for the…
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Cash inside intestate property not declared
As part of intestate rules, no cash inside a property is part of the estate to be retained as chattels/personal possessions of the surviving spouse. I was informed by the deceased, several years ago, that a considerable sum of money was kept in their safe inside the property. What can I do do ensure the safe is checked and…
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Problems completing IHT403
In order to make things easier for those who come after me, I decided to complete my own IHT403, listing all the gifts I've made in the last seven years. First problem was I couldn't complete Question 7, pages 3 & 4 on my Apple Mac, the numbers came out sideways for some reason. So I switched to Chrome and that seems to…
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I disagree with the RICS valuation after probate. What can I do?
Hello, the Executor of an intestate Will (through an appointed solicitor), arranged for a RICS valuation for the property which is to be apportioned. Probate was already issued before I knew. The valuation seems to be at least 40K short of what I think the property would sell at (considering neighbouring property selling…
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Grant of Confirmation
Hi, I’m trying to fill in the form for Grant of Confirmation for my dad’s estate (C1). I’m trying to do this on my own without a solicitor. I think I understand the main issues, it should be such a simple situation, but what exactly to put on the form is driving me crazy :mad:. Would be grateful if anyone could help.…
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Capital Purchases from Savings and IHT403
I am considering giving gifts to my children out of surplus income to avoid these gifts being liable for IHT under the seven year rule. I will still have savings and I will use these to make significant capital purchases. Two I made this year are a new car and having the house repointed. My questions are 1 With the car…
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Contesting a Will as Next-of-Kin
Can anybody offer advice regarding contesting a Will. The deceased appears to have been pressurised into completing a Will within the last few weeks of life and we now discover that all Family and Close Friends have been excluded while the vast majority of the Estate now goes to the couple of End-of-Life Charities involved.
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Making large gift. How do I allow for IHT?
My parent died with no cash in their estate. However, they owned a property jointly with me, which reverted to me by survivorship. As my sibling didn't get anything from the estate (though they benefited from a large gift from her when she was alive), I wish to share some of the proceeds from the property which has now…
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Assent help (is ID3 needed)
Firstly I am the will executor and have been granted probate. Background: My grandmother passed away and left my mum as sole beneficiary of the house. However according to the property title register my late Grandfather is also still listed as a registered owner. I am going to start the assent process to register the…
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Theft by POA?
My great uncle has POA health and welfare and money for my grandmother. The money part is active as my gran cannot handle money at all. She doesn't have any concept of money, never has done and my grandfather used to handle all the money before he passed away. I've found out that my grandmother believes she has been making…
