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Subject:
UK and Irish Probate/Inheritance
Category: Relationships and Society > Law Asked by: gflux-ga List Price: $20.00 |
Posted:
04 Sep 2006 09:06 PDT
Expires: 04 Oct 2006 09:06 PDT Question ID: 762095 |
When my father (an Irishman who lived and worked in the UK) passed away suddenly he did not leave a will i.e. intestate. My mother (his wife) therefore inherits his entire estate according to UK law. However, my father also owned a plot of land in Ireland, which he had always intended to pass to his four children, according to my mother. She is happy for this to happen, but the family is confused about which rules apply, as according to this site http://oasis.gov.ie/death/legal_issues_following_a_death/deceaseds_estate.html both wife and children would inherit. Questions: 1) is the inheritance of this land covered by Irish or British law? 2) can my mother state that it was intended for the children, even though a will was not prepared? 3) what is the best way forward to get this sorted out? Should we contact a solicitor in Ireland/England? Thanks Chris |
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There is no answer at this time. |
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Subject:
Re: UK and Irish Probate/Inheritance
From: probonopublico-ga on 04 Sep 2006 09:48 PDT |
First, you should take advice from a UK solicitor because there may also be the question of Inheritance Tax (IT) to consider, if the value of the Estate is over £285,000 (which seems likely). In which case, IT will take 40% of the execess. Quite a lot! The children, as well as the Widow, may benefit if the Estate is over a certain value. However, your Mother can waive all or part of her entitlement under the Intestacy so that the Irish property (for example) could devolve exclusively to the Deceased's children. I don't know how the Irish property can be best handled but a good solicitor should be able to sort things out. Incidentally, it is worth shopping around because solicitors' fees vary enormously and the dearest are not always best. Forget the Law Society, they will just direct you to the nearest one. Solicitors are NOTORIOUS for dragging things out so emphasise that you are looking for someone who can deliver! You can help by getting valuations for all your father's assets and also by listing his liabilities, including the funeral expenses. However, do not 'meddle' with the Estate! Best of Luck Bryan |
Subject:
Re: UK and Irish Probate/Inheritance
From: mongolia-ga on 04 Sep 2006 09:50 PDT |
Chris I would have thought the easiest way to sort it out is to let the law takes it course (where the plot of land is divided between your Mother and the four children) At this point your Mother can then decide if shes wishes to sign over her ownership of the plot of land to her four children (if that is what she wishes to do). A more thorny issue may be agreement between the four children as to what will happen to the plot of land given its four way ownership. If this has been sorted out then apologies for my comment. If not I would seek the advice of a very good solicitor. Regards Mongolia |
Subject:
Re: UK and Irish Probate/Inheritance
From: probonopublico-ga on 04 Sep 2006 09:55 PDT |
Hi Mongolia Sorry to disagree but 'letting the law take its course' may not be the best solution! As I said in my comment, the Widow can waive all or part of her entitlement under English law and this may be a useful option. Bryan |
Subject:
Re: UK and Irish Probate/Inheritance
From: mongolia-ga on 04 Sep 2006 10:16 PDT |
Hello Bryan I am sure you are much more knowledgeable in these matters than i :-) The only reason for my suggestion is that it gives the mother some time to think about her ownership of the plot of land. Now if as our questioner has stated (and it is not for me to disagree) then his mother will have no problem signing over the plot to her 4 offspring. If however she wished to keep the part of the plot of land that is her ABSOLUTE right both morallly and by the laws of England. All prior conversations by the family are and should be irrelevent. By allowing part of the plot of land come into the possession of the Mother will give her time to decide what she believes is the right thing to do. Regards Mongolia |
Subject:
Re: UK and Irish Probate/Inheritance
From: probonopublico-ga on 04 Sep 2006 10:31 PDT |
Hi, Again, Mongolia Allowing the Land, for example, to devolve to the Mother COULD run up some additional costs (and taxes) if the Mother should later decide to transfer it to the children. However, her option to waive part of her entitlement to the Estate can (I believe under English Law) be exercised within 2 years of the death of the Deceased. This might be an attractive option! However, Chris hasn't given us any idea of the values involved and these might throw a different complexion on things. Certainly, he needs to see an English solicitor soonest, provided that he has got the blessing of his Mother and his siblings that the costs can be charged to the Estate. Bryan |
Subject:
Re: UK and Irish Probate/Inheritance
From: probonopublico-ga on 04 Sep 2006 22:04 PDT |
Some further thoughts: It's possible that some or part of the Land might have to be disposed of to help pay the Estate Duties; In any event some of the children may prefer cash to a share of the Land; Can the Land be sensibly divided, so that part can be sold off, if required? (But watch out for the risk of creating 'Ransom Strips'.) I would suggest that, while you should certainly get the advice of a solicitor, it may not be a good idea to appoint him as the Administrator, a job that can be handled by one or two of the beneficiaries, subject to all round agreement of the others. This should be a lot quicker and cheaper than entrusting the whole shooting match to one solicitor: because once the appointment is made, that's it ... the bill will soon mount up. Apart from specialist advice (most important!) and maybe arranging the conveyancing, there's not much else involved except writing lots of letters and sending copies of the Death Certificate and the Probate to all concerned. Please remember that solicitors charge heavily for writing letters and, of course, they will therefore enjoy writing as many as they can. Bryan |
Subject:
Re: UK and Irish Probate/Inheritance
From: owain-ga on 11 Sep 2006 05:59 PDT |
Please note that English and Scottish law are very different in this field, so you will need to take appropriate advice for the part of the UK in which your father lived. |
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