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Inheritance - Swiss Will and tax
This may be a bit nuance, and we will be seeking professional advice, but was hoping some people here may have some experience or some key questions that I can ask any advisors.. My father is in his 80's and has become very ill, whilst he is English (as are his 3 children and wife) he has been a Swiss resident for the last…
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Inheritance share of a property in trust and UC
Hello, My father passed away last year and left the house in a trust which provides that my stepmother continues to live in the house as a life tenant and is entitled to 50% of the house, and the other 50% will go to me, my three brothers and another third party when the house is sold after my step-mother dies. One of my…
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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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When to pay the charities
Hello again people, once i have probate and i am in a position to distribute funds-i wonder if someone can clarify something for me. The will stipulates that 5pc of residual estate goes to two charities (so 10pc in total). Obviously when applying for probate i will have given the values of estate at death so the amount has…
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Can an executor buy an asset from the estate below market value?
I have received the final estate accounts from the solicitor showing the estate assets, liabilities and administration expenses, this is for my parents estate. It has taken the solicitor 4yrs to deal with this. The accounts show that my sister who is an executor and beneficiary has bought a timeshare from the estate for…
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Land Registry Update Submission Query
Looking for a couple of pointers please @Land_Registry My brother and I have recently been granted probate on my Fathers house which he owned outright at the time of his death. 1. We are both named on the certificate of probate as executors, is it still the case that we therefore do not need to complete the ID1 form when…
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Sibling as (obstructive) executor
Father died a year ago, sibling is executor of will and we are not on good terms. Probate took 10 months and house sale due to complete in 6 weeks. I recently received the first interim payment (from assets other than house) but sibling has refused to disclose total value of our fathers estate and lawyer says he can't tell…
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Sale of inherited goods
Hi. Unfortunately my father passed away a few weeks ago. His current wife is granted probate and the will leaves everything to her without exception. This is expected and we're all absolutely fine with it. As it is her property now, she has decided to gift me his somewhat extensive collection of camera and computing…
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Changing executor of will from a solicitor
My grandmother for some reason put her Will solicitors as the executor of her will. We are obviously a bit suspicious of this as there is no details or estimate of what the costs will be for them to undertake this service other than a supplied list of hourly rates, she was very thorough with her admin and kept all the…
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Choosing an executor
I wondered whether anyone had had any experience of appointing a professional executor (i.e. not a family member or friend) in their will. I am in the process of writing one and I am going to appoint my spouse as an executor, but if he dies before me, I will need another executor. The trouble is, I don't want to put any…
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Have I made a mistake getting an inheritance tax code in advance?
I recently sent in the completed INT400 along with many schedules. But a few weeks before I applied for an inheritance tax reference number, because I thought that’s what you did. Now a friend has told me that’s only for people who have inheritance tax to pay, and I’ve messed up. I did put a note in with the submission…
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Probate Registry requesting additional info ??? Seeking advice. RNRB
Had this email from probate the other week. I filed online a month or so ago and wasnt sure if i had made an error when filing. Heres the text: Thank you for your application. In order for us to progress your application further, please confirm the following information by replying by email to…
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What do i do now
Hello again everyone, i have sent my IHT 400 forms off,today i received a calculation for the Inheritance tax to pay (thankfully the same as i had worked out) but still no reference to apply for probate? Can someone confirm if it comes separate or should i try and ring them tomorrow?
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I'm trying to understand how Inheritance Tax is affected by trust wills - can anyone help please?
We're doing our wills and have been advised to consider doing trust wills so that when one of us kicks the bucket a trust is created with the surviving spouse the main beneficiary but providing a level of protection for our young daughter to ensure she gets a decent inheritance, but I'm struggling to get my head around how…
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Inheritance tax on gift used as housing deposit
Hi, An elderly family member (not immediate) has told me they have left me £100k in their will. As I’m looking to buy a house, they have said I can have the money now (before they pass away) if it will help with a deposit. I’m aware of the 7 year rule and tbh am not sure if they’ll live that long. I think their estate…
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Struggling to collect inheritance.
My mother lived with me a number of years before she died. I made sure her tenancy rights were documented legally. I thought it best at the time to remove myself from sorting her will and it was the only thing I left my brother to tidy with the solicitor. She died a year ago and only then did he tell me that he did not do…
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RNRB downsizing - do I qualify?
Still sorting through my probate requirements and can't find the answer to one question ; property sold for £312000 in 2018- no new property bought. I have £200000 left to leave to children, so less than the property value. So can I[my executors] claim any of the downsizing addition - would be roughly two thirds of the…
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Executor with reserved rights issues... liability!
Seeking some help on my liability for bills arising from settling an estate. My mother passed away 18 months ago and had a married couples mirror will with her second husband. MH (wont call him step "dad".... !! ) . The wills passed their whole estate to the surviving partner. The exception being that 50% of the marital…
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Requirement to use services of solicitor already appointed as executor
My mother has appointed me as co-executor of her estate with a firm of solicitors. I am the sole beneficiary, and the estate (although moderately large and subject to inheritance tax, is not very complex). I would like to administer the estate and apply for probate myself, but the solicitors are insisting that it is a…
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Land Registry Question
Hi there, In the past 18 months I have lost both of my parents, my Dad 6 weeks ago. When my Mum died, I don’t believe that Dad removed her from the house deeds. As executor of their property which will be sold once probate has been granted, do I have to make sure both names are removed? Many thanks