Criminal

Family

Wills, Probate & Trusts

Employment

Conveyancing & Property

Immigration

Personal Injury

Consumer

Company & Commercial

Libel & Defamation

Disputing or Contesting a Will

The Dangers of Making a DIY Will

How to Get a House and Contents Valued for Probate?

Things to Consider Before Making a Will

Trustees' Duties and Responsibilities Explained

Being an Executor or Administrator of a Will

10 Reasons for Making a Will

Explaining the Different Types of Trusts

What Should You Do If You Have Lost Your Will?

10 Common Mistakes Made in Wills

Including Your Funeral Wishes in Your Will

Probate Offices - Find Your Local Probate Registry

Do I have to deal with my sister's estate if there is no will and I'm the only next of kin? LocalSolicitors.com

Do I have to deal with my sister's estate if there is no will and I am the only known next of kin but in poor health to do this?

It is of course possible to assent shares of the property to you if you are beneficiaries. However if you then gift the property on this will affect your own inheritance tax prosition for the next 7 years.

You could prepare a deed varying the Will to include all 4 of you which would avoid this problem.

This is slightly complex and you must ensure you understand the effect on both CGT & inheritance tax. We would advise you to take professional advice from an appropriately qualified solicitor or accountant prior to taking any action.

Capital Gains Tax

Fees differ from firm to firm. You should really arrange to speak to someone who can discuss your circumstances and your wishes in detail. If you have family and are leaving your estate to charity rather than to family you may need to take care to deal with this in a way that avoids family potentially disputing your Will in future. Most firms will give you a quote for making a Will if you contact them. I would suggest for the above reasons that you contact someone local to you and meet face to face to discuss. Our fees may not be the same as your local firm so it would be best to call them and discuss

How much to make a will, and is it a straight forward process? I'm the owner of 3 properties which I want donate to rspca.

Do I have to deal with my sister's estate if there is no will and I am the only known next of kin but in poor health to do this?

undefined Solicitor Answers

Related Questions