Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

(Gulp) dealing with estate after bereavement. I haven't. What next...

3 replies

lunavix · 19/05/2008 19:38

My mum died August last year and if I'm honest I couldn't face it. My sister registered the death but went back overseas where she lives and sorting it all out rests with me.

And I've done nothing

How long do I have to do it all in?

OP posts:
Rosieglow · 19/05/2008 21:19

I'm so sorry. Dealing with an estate can be quite overwhelming, even more so when it's a parent's.

But you do need to get started. I think there are time limits on paying inheritance tax before they start charging you interest. It might be a year. But it might depend how big the estate is, whether you need to pay anyway.

The Citizens advice people could have a list of things to do maybe.

Don't put it off any more! It's got to be done, and won't be so bad once you get started.

Best wishes.

scaryteacher · 20/05/2008 10:01

Depending how how big your mums estate was, you will need to get probate and pay any Inheritance tax due. I'd contact a solicitor and get them to deal with it all, and the estate pays the costs. If your mum left a very small estate

Otherwise these links may help:
www.tenminutewill.co.uk
www.probate1.com
www.guardian.co.uk/money/2006/sep/09/inheritancetax.tax

The Guardian article is good and gives you a step by step guide to what to do. If the estate is less than £5000, then you don't need to apply for probate. When my gran died two years ago, she had no property, and very little in savings, so my brother and I sorted it out ourselves.
Did she leave a will?

Katiekitty · 21/05/2008 09:26

So sorry to hear about your loss Lunavix - I too am sorting out the estate of my mother, who also died last august.

It is a daunting task and there is lots to do, however, if you take it step by step, you'll get through it. I think that if you haven't done anything like this before (like me), it's good to get a solicitor involved as they know the processes and have done it a million times themselves.

If your mother left a will, then any legacies will have to be paid, as will any outstanding bills or liabilities. It's also a good idea to place trustee notices in the local paper and Estates Gazette to see if your mother had any creditors (i.e. if she owed money to anyone). These have to run for eight weeks and after that time, if no one has come forward, you'll be in a better position to progress with getting the estate tied up.
You need also to apply for probate as you'll need to be armed with proof that you are entitled to handle the estate.
Be warned, each stage can take no time at all, or it can take ages.

Do you have the death certificate? You need originals of this (they cost about £7 each I think) as you'll need one to send to various people.

Post on here any questions you have as many steps in the process don't make sense.

Take the first step today and the wheels will be put in motion. It will be a weight off your mind, you must have been feeling terrible for so long. Do you feel ready to handle the estate?

New posts on this thread. Refresh page