ElectronEng
Registered User
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- 19
Hi,
My mother recently passed away and left a will in which I have been named as sole executor. At present I am gathering together details of the estate for the purposes of the Revenue Affidavidat before proceeding to probate. The will is simple with the estate to be divided equally between myself and my two sisters. I do not expect the total value of the estate to be of a magnitude which will trigger Capital Acquisition Tax.
There is a credit union account in my mother's name with a nominee in the event of death (i.e. me). Secondly there is a building society account where myself and one sister are named nominees. In addition there are shares which she paid for but are in the names of my sisters and, finally, another set of shares in my name.
Do these items form part of the estate or, especially in the case of the shares, can I simply give the share certs to the named "owners" for them to dispose of?
If these items are given to the nominees/named owners would I simply need to declare them as gifts on the Revenue Affidavidat?
Personally I would have no objection to this, but obviously there is the question as to the opinion of the Revenue.
Thanks,
EE.
My mother recently passed away and left a will in which I have been named as sole executor. At present I am gathering together details of the estate for the purposes of the Revenue Affidavidat before proceeding to probate. The will is simple with the estate to be divided equally between myself and my two sisters. I do not expect the total value of the estate to be of a magnitude which will trigger Capital Acquisition Tax.
There is a credit union account in my mother's name with a nominee in the event of death (i.e. me). Secondly there is a building society account where myself and one sister are named nominees. In addition there are shares which she paid for but are in the names of my sisters and, finally, another set of shares in my name.
Do these items form part of the estate or, especially in the case of the shares, can I simply give the share certs to the named "owners" for them to dispose of?
If these items are given to the nominees/named owners would I simply need to declare them as gifts on the Revenue Affidavidat?
Personally I would have no objection to this, but obviously there is the question as to the opinion of the Revenue.
Thanks,
EE.
