Do not get the cousin to complete anything, you do up the document and get her to sign it etc.thank you for that link, so if I just copy & paste the whole of that & fill out the relevant bits, I just need to get the cousin to complete her bit, get it witnessed & give it in when we apply of probate?
in Form no.1 'THE HIGH COURT PROBATE, Add where appropriate, "The District Probate Registry at ....... do I just put in the office'?
Bronte, I did as you suggested & downloaded the form, filled it out with my MIL's details, printed out two copies one for the cousin & one for SIL which they've both signed correctly.... hubby is taking these |& a death cert to solicitor Wednesday in order to get the original will.Do not get the cousin to complete anything, you do up the document and get her to sign it etc.
no, we're hoping that as there's only 4 beneficiaries (hubby here in Ireland, others in uk who're getting PPS numbers) it should be straightforward enough, but he's going to ask for a quote when he gets the will.Are you going to another solicitor for the probate? Did you get a quote?
Yes you pay for utilities etc, you pay for everything and keep a receipt for everything. And you need to do whatever is required to keep the house maintained, all costs come out of the estate. You will need a solicitor for the conveyance. If there's nobody in the house then you can put it up on the market (subject to probate).I'm not sure of our next step?
- valuation by auctioneer (approx. €350,000) yes you will need an official valuation (be aware of dates for Inheritance tax, check revenue.ie), auctioneer might do it for 'free' if you are hiring him to sell,
- get a BER cert (yes it will be needed to sell)
- complete a Letter of clearance from Revenue IT8 (this I can' remember but you've to fill out a tax form for all the beneficiaries)
- apply for Probate by sending documents via registered post - can you drop them off and chat to the court staff to see you are doing things right
| Group A | Group B | Group C | |
|---|---|---|---|
| On or after 9 October 2019 | €335,000 | €32,500 | €16,250 |
|
yes we understand the calculation, we're very cautious people n won't be dividing the money until we're absolutely certain it's all correctTake 300K (VERY rough figures)
/2 = 150K each, less tax free amount 32.5 = 117500. Taxed at 33% = 38775 Tax (each) leaves you with 111K each.
Tax will be higher if they already inherited. And the UK, well that's a different story. I wouldn't be paying out anything until well cleared by revenue.
You are entirely correct, I thought it was siblings. That's a relief, I was trying to figure out how you could avoid paying revenue a whopping 80K ! I hate paying revenue anything.Bronte, thanks a mill, it's getting a lot clearer in my head now.
yes we're keeping a list of payments & have receipts for absolutely everything
I thought hubby & SIL would fall under Group A being son & daughter of the disposer? neither have had any prior gifts in their lifetimes
from reading through that link to the revenue guide it appears we won't need to complete the IT8 as funds are less than €50,000
a trip in to town is on the horizon
ok so, we've got the money from the CU (<€14,500) which hubby is going to use to pay the following:You are entirely correct, I thought it was siblings. That's a relief, I was trying to figure out how you could avoid paying revenue a whopping 80K ! I hate paying revenue anything.
No trips to town until money is in the bank ............. And then I suggest a town far away ...... a trip of a lifetime to remember their mother, something she'd love them to do to make themselves happy.
there's absolutely nothing of value in the place, mostly nik-naks n stuff that nobody really wants, I tried selling her tv for €50 & a guy laughed at me!You’ll have too decided what is happening with assets within the property.
Just make sure too check everything before you give them away.there's absolutely nothing of value in the place, mostly nik-naks n stuff that nobody really wants, I tried selling her tv for €50 & a guy laughed at me!
clothes, shoes, handbags & as much other stuff as possible I'm taking to charity shops
Was there a nomination form lodged in the CU?money from the CU (<€14,500
yes we're doing that, but so far no secret stash found, lolJust make sure too check everything before you give them away.
yes there was, in favour of hubby & SILWas there a nomination form lodged in the CU?
If so, it passes outside the estate to the nominee.
by this do you mean completing the form for probate?Have you started completing the Statement of Affairs?
So this money does not form part of the estate.yes there was, in favour of hubby & SIL
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