imalwayshappy
Registered User
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Regarding Revenue's involvement you have to complete a Revenue form to get a Grant of Probate. If there is tax outstanding including Property Tax it has to be paid.
I mean to make it easier at probate.
What we definitely need is a regulation for all wills to be registered with a national authority in order to be valid.
What if I want to keep my assets a secret?
Nothing's secret from Revenue!What if I want to keep my assets a secret?
Once you're dead it's public anyway.Your bank or pension provider knows your assets. So do your neighbours who walk past the house you own every day.
My will is completely uncontroversial: all assets to Mrs NRC or, if she pre-deceases me, split equally between our children. I wouldn't care if it was public on the internet.
As far as I know it is not common practice to do an audit. I have been Executor for three small estates and there was no audit. Perhaps if there was no tax returns done for a period Revenue may have questions.Perfect thanks, does a revenue audit get triggered also? Do they go back over the last 4 years of the deceased affairs also does anyone know?
100%. The will wouldn't even have to be stored in a central register if people are concerned about confidentiality. Just a register of what solicitor holds what will would be a huge step forward.
This is pure vested interest stuff. Solicitors are the only ones who benefit from the current system. Much more potential to bill for search and eventual dispute.
This is pure vested interest stuff. Solicitors are the only ones who benefit from the current system. Much more potential to bill for search and eventual dispute.
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