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Daughter left 50% of property what is inheritance tax liability
My brother died last year midst divorce. He left his estate to his daughter as he had made a settlement with his wife ( although it hadn’t gone through as he died soon after ) So the property was owned as tenants in common so his half will go to his daughter. The daughters inheritance will be worth about £364000 after all…
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Help understanding will
Sorry for the long post but I thought it best to include as much information as possible. My husband was offered a free will consult by a firm through his employer. We then paid the firm to draft our wills. We are in our 40s and have no children. We own our own house as joint tenants. I just wanted a simple will, where…
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Net qualifying estate value for IHT
I am doing IHT and Probate for my Mum, as her husband (my step-dad) died recently. There was no will. I've calculated estate as being £107k cash and a one-third share of a £300k house which he co-owned with my Mum. So that's £107k I've entered as Gross value for probate and £207k (£107k + £100k) which I've entered as Gross…
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Joint tenancy question
supposing you were a widow(er) or a single person and wanted to leave your house or flat to your son on your death one way obviously would be to make a will and on your death probate would be required and eventually the transfer would be made are there any advantages or disadvantages of doing it a different way so the…
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Inheritance ID
Solicitor wants ID so they can put inheritance into my bank account. Letter states photo driving licence needed. Passport is lost. Would they accept a Provisional photo driving licence
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partially disclaiming a gift in a will
I'm in the process of dealing with my late father's estate which contains a house, money in banks and investment funds. In addition to my father's NRB and RNRB all of my late mother's NRB and RNRB are available so there are no IHT liabilities. My father's Will gifts all of his residual estate (basically everything) to…
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Repossession if no financial interest
Hello all, My mother in law passed away in October. Leaving no instructions or will. Our assumption currently is that the assets will be divided between her two sons, my husband and his brother. The brother still lives in the property, however has no financial connection to the property, is unable to pay the rent or…
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Tenants in Common – What to do when one tenant dies?
Hopefully a simple ‘tenants in common’ query… In 2020 my parents became ‘tenants in common’
on the property they owned and lived in together. It was a straight forward ‘tenants
in common’ agreement – documented by a solicitor, which states they each own
50% of the property, and upon their deaths their 50% ownership should…
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Probate with no will and creditors
my ex died recently leaving a half paid for house, some debts and no will. I've been quoted 7.5K for a probate solicitor. We have 3 kids (2 adults, and a 16 year old now living with me permanently). I'd like to save as much as I can for them obviously. Does it sound feasible for us to go through getting probate/letters of…
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Transfer of part inherited property to Stepdad....
Hi all Hope someone can please shed some light on this situation. Mum passed away last year. She had been married to my stepdad for 35 yrs, birth father passed away 1979. Probate has been granted. My brother and I have inherited 50% (25% each) of the property they both jointly owned. My step father wishes to buy our half…
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co-op prepaid simple funerals - regional variations
The coop are nationally advertising their 'from' £1350 funeral plans. I booked an appointment at my local co op, had to wait a couple of weeks because they have 'authorised' advisers and on talking to them discovered that they aren't offering this price because they are members of a different co op group (their equivalent…
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Parents in law have no will
My parents in law currently have no will. They are both in their 60's and my FIL has poor health. They jointly own two properties, one that they live in and one they rent. They do have a joing bank account but may also have single accounts. My husband has sister and one half sister (Dad's side, first marraige). His Dad has…
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Estates selling a property - do you use the the same solicitor for conveyancing or can you choose to
Background info: Dad died over a year and a half ago leaving a house and savings to 2 beneficiaries, myself and my brother. We're not Executors, that's another relative, but we're all 3 working together on it and a solicitor's helping with Estate administration. We've got the Grant of Probate and all IHT due has been paid…
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Forfeiture order while in hospital.
My brother died in hospital in February and whilst I was sorting out his flat, (it's in a retirement complex) I came across a pile of unopened letters one of which was a court order to pay outstanding service charges and lease fees to the landlord. The due by date was 15th February. My brother had certain health problems…
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Wills & probate solicitor recommendation?
Hi, we’ve hit some complications in carrying out the wishes set out in my dad’s will and really need some legal advice on our options. Can anyone recommend a good wills/probate solicitor?
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Executors not saying what I have been left
Hi everyone, Would love some advice here! My godmother - who has no children - died in December last year. One of the executors told me in January she had left me her jewellery- which I was very touched by. At her memorial service last week, the other executor (step daughter) said in the middle of the crowded reception…
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Need to apply for probate but is my Father's will invalid?
My Father died in March and I have to apply for probate. However I found his will that is dated 1982 but I think it is invalid. His address is wrong and the executors are my Mother, who has passed away and the Midland Bank which don't exist anymore. I did check with HSBC but they stopped dealing with that side of the…
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Is it possible to keep a house in the family when there is a large inheritance bill to pay?
If there is a large estate value of over £2m which is predominately from a single property, if the children on the receiving end of the inheritance cant afford the IHT bill of circa £600k, is the only option to sell the house to pay the IHT? This isn't unfortunately a house of interest that could be handed to the national…
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HELP - C1 confirmation forms in Scotland
My father passed away in 2023 and I now need to get confirmation I was shocked to discover how much a solicitor chargers so thought I would try and do it myself. It is classed as a large estate and I have submitted it to the court but it was rejected can anyone help with page 3 of the form inventory the properties are on…
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How to answer INT 435/436/402 Inheritance tax account INT 400
Questions 29 a b c in Inheritance Tax Account IHT400 The answer is yes to all three. is there any simple guide to filling this in, it’s so confusing. Somewhere online an example of what the completed form might look like as a guide. I’m just confounded by it. There is NO WAY I’m getting a solicitor Any help thank you.