Getting a proffesional review of IHT400
Discussion
I'm acting as executor on my step-dad's estate, along with my sister, and have filled in the IHT400 and other supplementary forms myself. There is some nuance around transferable nil-rate band that I won't go into here, but if it's not accepted, would cost us around £90k in IHT.
I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
billbring said:
I'm acting as executor on my step-dad's estate, along with my sister, and have filled in the IHT400 and other supplementary forms myself. There is some nuance around transferable nil-rate band that I won't go into here, but if it's not accepted, would cost us around £90k in IHT.
I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
Can't you upload it to ChatGP or similar and see what it thinks?I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
If your sister insists on it, tell her to arrange and pay for it.
I had similar with my brother who (as joint executor) was happy to leave me to do everything with dad's estate.
There are solicitors who will do probate for you for a fixed fee rather than deal with the estate from start to finish. But I'm sure you'd be fine to just send the form in. If they need more info they'll ask for it.
I had similar with my brother who (as joint executor) was happy to leave me to do everything with dad's estate.
There are solicitors who will do probate for you for a fixed fee rather than deal with the estate from start to finish. But I'm sure you'd be fine to just send the form in. If they need more info they'll ask for it.
Maybe come to an agreement with your Sister that if the guy reviews it and finds it all ok, then she pays 100% of the bill from her share.
If he finds mistakes that means you save money then you pay 100% of the bill from your share.
If he finds mistakes that mean it costs you money, then you split the bill 50/50.
If he finds mistakes that means you save money then you pay 100% of the bill from your share.
If he finds mistakes that mean it costs you money, then you split the bill 50/50.
This is just from a Google but they do what you want ..
Fixed fee review of your IHT 400
If you have prepared your own IHT400 and would like our experts to check that the right allowances and exemptions have been claimed, then we can assist you with this on a fixed fee basis. For a fixed sum of £300 + VAT, we will carry out a review of your paperwork. If we feel that any amendments or advice are required in order to take full advantage of the available allowances and exemptions, then our lawyers can provide you with a quote for the work that is required.
https://www.sleeblackwell.co.uk/legal-articles/inh...
Fixed fee review of your IHT 400
If you have prepared your own IHT400 and would like our experts to check that the right allowances and exemptions have been claimed, then we can assist you with this on a fixed fee basis. For a fixed sum of £300 + VAT, we will carry out a review of your paperwork. If we feel that any amendments or advice are required in order to take full advantage of the available allowances and exemptions, then our lawyers can provide you with a quote for the work that is required.
https://www.sleeblackwell.co.uk/legal-articles/inh...
billbring said:
I'm acting as executor on my step-dad's estate, along with my sister, and have filled in the IHT400 and other supplementary forms myself. There is some nuance around transferable nil-rate band that I won't go into here, but if it's not accepted, would cost us around £90k in IHT.
I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
Firstly, sorry for your loss. I'm confident it's all fine as I've done all the work myself and have put significant effort into getting it right. My sister, on the other hand, has not engaged with it in any way, but also does not trust that I've done it correctly, so won't sign until a professional has given it the OK.
The trouble is, I've spoken to 3 solicitors now and all they're interested in doing is the full job for several thousand pounds, which I'm loath to pay, given I've already done the job myself. So the question is, is there anyone out there who will charge me for an hour or two of their time to look over it and report that it's all been done correctly? Seems simple, but apparently not.
The problem is that for someone to give both of you advice they take on a level of risk that requires compensation.
I would think that the most important thing is to ensure that your sister is as happy as you are. There's two of you in the equation and even if she has been happy to leave it to you so far there is clearly a crossroads where she needs reassurance.
My view would be that is saving a few £k on fees a fair price for the potential of having your sister forever suspecting things weren't done correctly and the potential impact on your relationship going forward in perpetuity?
It's also important to always cut an adult sibling some slack not just because of the situation but because we know they may well have a partner whispering sweet nothings as what is a loss for your sister is potentially an exciting gain for any partner.
Sitting down and talking it over and suggesting you both engage a probate solicitor is a shared bill of maybe £1-2k each bit paid by your father. I'm sure your father would drop £3k in a heartbeat to ensure his two children had no long term issue and I'm sure each of you would sign off on £1.5k to prevent any issues?
In really crude monetary terms, is your sister worth as little as £1-2k to you?
My sister and I are going through this process at the moment and neither of us would risk upset of each other for such a sum. My mother went through this with her sister who left all the work to her and then spent the rest of her life devoutly believing she had been robbed when as the older sister and with greater need she had received more.
What is your sister's role? Is she an executor or not?
If she is an executor then she needs to either:
1. Do it herself
2. Do it jointly with you (which she isn't doing)
3. Renounce her role in your favour
4. Agree with you to appoint a professional
As long as your sister remains an executor she is on the hook for any future issues same as you.
If she is an executor then she needs to either:
1. Do it herself
2. Do it jointly with you (which she isn't doing)
3. Renounce her role in your favour
4. Agree with you to appoint a professional
As long as your sister remains an executor she is on the hook for any future issues same as you.
Mostly on PH and other forums the usual advice is usually to DIY which for a straight forward no IHT estate is good advice but it also assumes that all the Executors involved are joined up.
Perfectly possible to employ a Solicitor on a menu basis and do as much or little as the heavy lifting as you want to.
If the cost of a solicitor for a small part of the submission is £3k and £90k is at stake I would have thought that money very well spent from the estate.
Perfectly possible to employ a Solicitor on a menu basis and do as much or little as the heavy lifting as you want to.
If the cost of a solicitor for a small part of the submission is £3k and £90k is at stake I would have thought that money very well spent from the estate.
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