Aug 2022
2:22pm, 2 Aug 2022
13,121 posts
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jda
EP, you can pay in instalments over 10 years which should be long enough for the most awkward property sale Of course if even 10% of the IHT is still so much as to require a loan.....then lucky you
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Aug 2022
2:46pm, 2 Aug 2022
34,512 posts
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EvilPixie
mum lives in Berkshire ..... and they bought the house 40 years ago ... it has some land
it is def well above the threshold
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Aug 2022
3:11pm, 2 Aug 2022
91,498 posts
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Hanneke
My will writing, in the Netherlands, has been stalled by covid but needs attention! My niece and nephew inherit 50/50 skipping my sister. We discussed this. My sister is executor and they currently would keep my place as a holiday home, if I get knocked over by a tractor tomorrow. Need to make a record of sorts, think photo and approximate value, of my art collection and antiquarian books...
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Aug 2022
3:15pm, 2 Aug 2022
91,499 posts
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Hanneke
And, as my Dutch notary pointed out, think of what to do if the whole family gets wiped out in a plane or car crash... Then I have no-one to leave it to! I cannot leave it to anyone in the UK because of inheritance tax. Dutch law prevails over UK law in all death related matters! I had started writing a UK will when we found this out!!!
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Aug 2022
3:16pm, 2 Aug 2022
34,514 posts
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EvilPixie
we don't have anything in the house that's worth much I don't even have much in terms of jewellery and even that's not expensive but mum and dad do have shit - but the problem is they have too much shit!
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Aug 2022
3:21pm, 2 Aug 2022
91,500 posts
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Hanneke
I am considered to have too much shit... But I was an art dealer for most of my working life and the rest of the time a writer, translator, journalist, critic so books are the tools of my trade and, well, art comes as standard if you work with it and artists... My ceramics collection however is unrelated.
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Aug 2022
3:30pm, 2 Aug 2022
34,515 posts
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EvilPixie
Hann my grandma died in 2008 grandad before that .... mum still has some of their stuff in her double (never used by a car) garage! She probably has some nice bits but TBH we aren't a "bits" house so would probably keep 1 maybe 2 of dad's nice clocks and that's it they house is the size of a 5 bed but just 4 and full!
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Aug 2022
4:06pm, 2 Aug 2022
59,109 posts
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Velociraptor
My parents have very few "bits". I've said I'll find house room for Dad's boxes and boxes of colour slides (he's put the best of them on computer). We're all pretending that his other neatly boxed and labelled collection doesn't exist. It wasn't illegal when he did the collecting but it is now.
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Aug 2022
4:12pm, 2 Aug 2022
23,893 posts
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Ness
That's tricky, Vrap. Mr Ness and i had an interesting weekend helping clear out my stepdad's holiday home in Wales after he died. It was where he'd (according to my mum) got a service revolver from his time in US military service. We didn't find it fortunately.
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Aug 2022
4:14pm, 2 Aug 2022
43,168 posts
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HappyG(rrr)
I'm really not sentimental about "stuff". I'd love to read writings, journals, see paintings or any other handystuff from a relative who has passed. But "stuff". Nah, not bothered. Never got or going to get any money or anything from parent(s), certainly don't want their nicknacks! G
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