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STORY TIME: Inheritance Act 1975 - Protect your family
My dad died when I was a teenager and a couple of years later my Mum met someone who was 21 years her junior. He never worked due to mental health conditions and although we completely supported her decision in her relationship, 18 years after they got together we found out that he had been having an affair for two years…
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Is executor obliged to follow conditions of wiil exactly
A friend is executor and beneficiary of her mother's will. The will leaves the whole estate equally to four siblings of whom the executor is one. The etsate consists of a house, various bank accounts and a separate parcel of agricultural land which was the remaining part of a farm sold by the deceased years ago. There is a…
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A bit confused
I thought at first I could do the whole probate process on line but I now think that as we need to fill in an IHT400 the sequence as I currently understand it is 1. Send IHT400 and associated documents to tax office wait a couple of weeks for a receipt (no tax should be due) Fill in and send off PA1P wait up to 3 months!…
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Probate and half siblings?
Hello everyone I have been a forum voyeur for many years, always using Martins money, the emails and the forum for advice particularly when I've been in sticky financial situations. I would welcome some more advice, and this is my first port of call because in the past its always been such an informative and informal area.…
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House is in dads name.
My dad passed away in 2016 and because my mum had unspecified dementia I filled in the forms for the Letter of Administartion so I could transfer all my dads money to my mums account. We asked her who owned the house and she told us it was in both their names, at the time we could not find the deeds and the land registry…
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Do we need a Will ?
Perhaps this question might win the most "Meh" question award at MSE, but here it goes: Do we need a Will under the situation below: - House + Car + Cash + ISA Value less than £ 200k - House ownership jointly as tenants in common - Both husband and wife in 33-35 year age - Two children, both below 5 years of age - No life…
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House in husband's name only
I feel very selfish posting this however it is important I know where I stand. Apologies, it is a ramble. I had a huge breakdown a few years ago and my business collapsed. Self employed so whilst recovering it was 'no work, no pay' for quite a protracted period and it never fully recovered. I had to take early retirement…
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Grant of probate
Hi all Looking for a little bit of advice, if anyone would be so kind. My mother passed recently, and having received her last will and testament she appointed myself and my father as executors/trustees. The letter from the solicitor states the following: Please note that your late mother owned a share in the property…
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Cross border probate
My brother died domiciled abroad, the foreign country inheritance law states parents and siblings are beneficiaries. My brother also had a UK bank account and shares in a UK business, are beneficiaries recognised under UK law (parents only) or the domiciled country law for the UK assets? The UK bank seemed to only…
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bank problems
3 weeks ago the joint executors for Fathers estate went to HSBC to open an executor account. HSBC are also fathers bank. They said his money would be transferred into the executor account in 4 days. We have queried this 3 times now because nothing at all has been transferred in 3 weeks...and we just get another apology and…
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Death certificate
Hello, I'm in need of some advice and help. My father passed away unexpectedly with no will and he was still married to my mother and lived together for the past 37 years with a son and daughter. He has two properties (one is rental and the other residence). I have been busy for the past three weeks arranging my father's…
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Christine
the executors to my father in law opened an executor account with HSBC....and were told that the money from his own HSBC account would be placed in the new account within 4 days. It wasn't . We asked again, they said again it would be within 4 days and it wasn't. We tried a 3rd time and despite another promise , nothing…
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Grant of Probate / IHT205
Hi, I have been dealing with my late Father's estate following his death in April and have a query regarding requiring a Grant of Probate and completion of any IHT forms. Some background... My Dad was married and had a relatively simple financial situation. A property owned as joint tenants with my Mum and some cash and…
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Rules on Gifting Money
Hi, My father passed away last October and my mother is 84 years old. She wants to give money to each of her grandchildren but is confused as to the rules about how much she is allowed to give. She would like to give £2000 each to 5 grandchildren. I have read around but am not entirely clear. I *think* what the rules are…
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Solicitors asking for GP letter
Hi there, hope someone can help. We have a family friend, who has no children or partner and doesn't speak to siblings or other family. He came to us and asked if we would be able to give us power of attorney and also wants to leave us all his estate in his will. Today he went to a solicitor who told him before he does…
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No win no Fee and getting £60,000 - £70,000 back?
My father passed away last year and left everything to me. Shortly after making his will and several months before his death he entrusted a relative with £60,000 plus which they kept in their bank account and helped pay for some of his carers in the last months of his life. My father said that I would receive this money…
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How long should it take for an executor to complete everything?
Hi, My FIL died in May2018 and he appointed a family friend, who works as a full time accountant, to be the executor instead of either of his adult children. We hadn’t heard a thing after his death but were told, verbally, the outline of his will. He had remarried btw and has left the house, in trust, to his two adult…
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MIL's Will - Odd Situation
The executor of my MIL's estate (my SIL) has sent a Facebook message to my adult daughter, stating that she is a beneficiary in my MIL's will. My MIL cut us off years ago, just after my FIL died. MIL has made no attempt to contact us at any time, despite my DH trying to keep in contact with her. Eventually DH gave up as it…
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Signing Mum's House To Me
My 85 year old mum who is in reasonably good health has started to worry that if she becomes ill in the future and needs to go into care her house will have to be sold. She has heard that a friend of hers has signed her house over to her daughter to prevent this. Is this something that is possible legally and, if so, what…
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Is a Will Trust worth the admin ?
My parents are considering setting up as tenants in common and adding a Will Trust where my brother and I become beneficiaries of half of the house and other assets upon the death of the first parent (probably my dad as he is in poor health) but that the other parent (probably my mum) will be able to live in the house…