thank you for your kindness.Really sorry to hear about your MIL. Obviously there was probably a reason your MIL decided on 3 executors, but who know the reason why, normally one will take on the main duties, but would need to keep the others fully appraised of all steps along the way.
Does your spouse and SIL know what they want to do with the house, keep it, sell it? If they want to sell it, they can clear the house, put it up for sale once probate comes through, pay all expenses, funeral, estate agent, nursing home, fair deal, and then divide the remainder. Once the money is split it will be up to your SIL to determine what tax if any she needs to pay by UK law.
Would you MIL have funeral insurance with the credit union, that might be some help to you.
Depending on if there are no delays probate could take up to 6 months but the main delay is getting everything together to apply for probate.
Best of luck
Q1 - sister in UK will need to apply for PPS if she doesn't already have one. Depending on value of inheritance, tax may be payable in Ireland.
Q2. Exec 1&2 can ask exec #3 to decline to serve, but exec 3 can refuse. So they'll have to figure it out.
Q3. Work on an expectation of 12 months, all going well it will be less than that; but if yr execs start a spat it could take much longer.
Q4. Funeral expenses are paid from the estate; so family can be reimbursed later when property sold. How much it costs is up to you & where the burial is. In Dublin the grave plot is the highest expense.
if the funeral is likely to cost more than €3k we can't pay it & wait for reimbursement
Q1. Pps will be required to complete a revenue declaration for each beneficiary. This is required to ensure any tax payable is collected before funds are disbursed, This is particularly important where a beneficiary is non-resident.DannyBoy, thank you so much for all your advice, its much appreciated
Q1. SIL has an Irish passport but no PPS no. as she's never lived here, I had told her she'd need to apply but she didn't think so, thanks for confirming this
Q2. we're going to write to cousin & ask her to decline & see if she agrees, she's very stubborn so I can't see it myself but we'll see
Q3. we have all the documentation we think is needed to apply for probate & intend to get a solicitor to handle it in the hopes of speeding it all up, does probate have to be proven before we can put the house up for sale ?
Q4. if the funeral is likely to cost more than €3k we can't pay it & wait for reimbursement, burial is going to be in Bray, Wicklow, the plot is already bought as FIL is already in there
When my father passed away, the credit union allowed for the immediate withdrawal of up to 20,000 to next of kin. The balance was subject to probate.hey guys, would appreciate some input on the following situation please....
MIL is 95 y/o, widowed, owns home valued at €350,000, has money in CU, has been in NH under FD for 9 months, terminally ill with life expectancy approx.. 2 months.
QUESTIONS:
1. MIL made a Will in 2018 leaving property etc jointly to my husband & sister (her only offspring), sister lives in UK – is that likely to cause any issues?
2. Hubby & his sister are named co-executors in the will, along with a cousin who nobody is speaking to following a row – can hubby & sister apply for probate without said cousins involvement?
3. Ballpark idea on how long probate is likely to take & how much it would cost?
4. MIL hasn’t got much in CU, so what kind of cost are we looking at for a funeral in Co. Wicklow?
Thanks in advance for any advice
Not withdrawal, but bank will settle undertakers invoice directly; provided there are sufficient funds to meet the bill.banks will also allow for the withdrawal of funds from otherwise frozen accounts to cover funeral expenses.
This was my experience too.When I went to pay relatives costs for the funeral, quite soon after the burial, they were very surprised and allowed a discount!
If your MIL’s €36k disregard is being used on her CU savings, the calculation for the Fair Deal loan will be €350K x 7.5% = €26,250 or €504 weekly.one last question regarding the FD if I may: MIL is in the NH under the FD loan scheme, how does the final bill get calculated? just trying to ensure we don't get a nasty shock in weeks to come
thanks for your reply, twofor1,If your MIL’s €36k disregard is being used on her CU savings, the calculation for the Fair Deal loan will be €350K x 7.5% = €26,250 or €504 weekly.
When MIL passes she will owe €504 for each week she was in the nursing home up to a maximum of 156 weeks. Whatever is owed will then be adjusted for inflation to give the final amount owed.
update: MIL passed away & funeral was held Monday just gone. it was a blessed release for her in the end.
RIP. 95 was a great age to achieve. On the practical side citizens advice have a helpful list of items to look after. Your husband and SIL can start gathering all the paperwork needed bit by bit.update: MIL passed away & funeral was held Monday just gone. it was a blessed release for her in the end.
thank you everyone for your help n advice
Sorry for your loss. Before you engage a solicitor for the probate you should be given an estimate of the cost in writing. Do not accept a 'shure we'll see you right' response.update: MIL passed away & funeral was held Monday just gone. it was a blessed release for her in the end.
thank you everyone for your help n advice
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