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Making gifts before death
Hiya, my parents have recently entered a care home, self funding, and want to gift my sister and myself cash after he has liquidated some shares. how much can he give us and will it liable to tax ?. Their estate will be under the IHT threshold.
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In will but not told until it was too late to contest
Hi, just wondering if anyone could give some advice about contesting a will after 6 months have passed since grant of probate? I was left a very small 'token' amount in my grandad's (my dad died before my grandad) will but wasn't told by the executors (also the main beneficiaries, who received a substantial sum) until 9…
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Altzheimers and property
Hi, I'm not sure where to post this question so I hope I am in the right place. A friend of mines husband has just been admitted to hospital, he has Alzheimer's. he is to stay in for a few weeks ,then who knows what will happen, they say his medication may control the violence in which case he will se sent home to her care…
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After the deed of variation
We have finally have finished the deed of variation. Now I'll need a probate for the remaining property value. The value is less than the inheritance tax threshold (after the deed of variation). Could you please advise me on which form i should fill out? Is it IHT205 or IHT400.
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Scottish Will but Executor in Australia
Hello. I have been left money in someone's will. They died over a year ago, were Scottish and I am Scottish. All I got was a brief email from the executor straight afterwards that I was due some money (no indication at all of how much). Nothing has happened in 15 months, as the executor lives in Australia (although I…
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Justice for a Power of Attorney Cheat
A clever woman, a distant relative, (who acts as if she doesn't know anything) has managed to knock me off my uncle's will (I think). The 92 yr old was effecively pressured into remaking his Will, even though he was already having memory difficulties.The solicitor came to his home and swore that he had capacity. The woman…
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Wife's debts when she passes
Hi, my Wife is in her last days / weeks of her life and trying to sort finances and other items like car (motability at the moment) out, and hoping someone can give some guideance on this please? The house has a mortgage, but is only in my name. My wife has several cresdit cards in her name. No savings, but we do have a…
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Chargeable debts and liabilities on the deceased’s estate
For IHT purposes what are the chargeable debts and liabilities on the deceased’s estate? For example, household bills, mortgages, credit card debts, house hold cleaners, home insurance, funeral expenses. Are there any other expenses I am missing? To claim death estates, expenses and liabilities, which Inheritance Tax…
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How long should the Estate pay the bills ...
Hi, Probate was granted almost 9 months ago and my sister (co-executor) is as yet un-willing to sell my mother's house in order to pay the beneficiaries. There are 6 named beneficiaries in addition to my sister and I. The house has been sitting empty for over a year and has already had to have over £3000 spent for…
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Inheritance problem
Don't know if this is in the right place, but here seems as good as any. I'm asking for a friend (again!) I was on the employment board the other day for another friend, I really will have to stop singing the praises of the knowledgeable posters on MSE :D I don't know why they cannot join themselves, anyway I digress. I…
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Tenants in Common or Joint Tenants
My parents owned their home as tenants in common with a 50/50 share each , my Mum passed away in September and her share of the house has been left to me . We're just starting the process of updating the Land Registry using a solicitor but while filling the forms in we need to decide whether to do tenants in common or…
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Probate Help Please!
Hi All I was hoping that someone could help me with a question about Probate? In January I completed all of my IHT Forms and as part of the IHT400 I ticked the box to say please send the IHT421 directly to the London Probate Office. I called HMRC this week and they have confirmed that no Inheritance Tax is payable and that…
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Actions by executor with power reserved
I am the main executor and have completed probate up to the point of selling the property. At this point the power reserved executor gained double probate and refuses to sign the sale agreement unless I give him £8000 which he says is due for improvements to the property. These occurred before he was granted probate and…
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Property rich cash poor
A friend as named Executor and one of three sibling beneficiaries has a dilemma I said I would help with. Any advice here would be most welcome. Probate granted and no IHT liability on late mother’s estate. No cash to speak of in the estate, but a property valued at £325k and now falling into disrepair prior to sale.…
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Claiming money left in will
Been left a small amount of money in a will .... my biological father he died a year ago I wasn’t invited to funeral although my REAL sister was invited the wife and his children still not sent to me the father changed the amount I would get a few years ago when I took my REAL sister in off the streets she lost everything…
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How can we prevent the Will being contested?
Hi can anybody give us some guidance here with a Will. My
mother who is 81 wants to leave her whole estate (house and savings) to me (I’m
59) apart from £5000, which she wants to leave to my sister (she’s 54). The
reason for this is because the solicitor advised to leave this amount to my
sister to stop her making a claim.…
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House Insurance After Probate
Hi, I have completed probate on my later mothers estate, and the current house insurance provider has written to me stating the cover will cease unless probate has been completed and the house transferred to me, which i assume is updating the land registry which I am about to do. Do I need to take out special house…
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Home Protection 'plans'
Not sure if this is the correct Board but my questions falls under this category I suppose. Apologies if something similar has been discussed before but I can't find anything on the site relating to it. Has anyone had experience of the following; My Dad passed away at the end of last year. A number of years ago, when my…
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BEST PLACE TO SELL HOUSE CONTENTS?!
I hope this is the correct thread/category for this post, but I would appreciate all the helpful, genuine and non-judgmental advice available, and thank you in advance: I have the unenviable task of clearing my Dad's home, in order to make it "presentable" for selling, following his death at the end of 2019. I need to find…
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MSE Poll: Do you have a will?
Poll started 3 March 2020 If you want to dictate where your assets go when you die, you need a will. Die without one and on top of the grief, it can cause a financial nightmare for the people you care about. A will can be made cheaply, and sometimes for free (see our Cheap Wills guide). So do you have a will and if not,…