My sister aged 90 died on 20th April 2020 and I as her Executor aged 77 am winding up her affairs.
She lived in a very modest housing assn flat and had no valuable furniture or possessions and I am hoping one of the major charities will empty the flat free of charge.
I have not applied for Probate or Letters of Administration because her estate is so low value and I have free access to all her affairs anyway.
She and I have had a Santander bank account for many years in our joint names which now contains approx’ £70k, plus approx’ £12k in an M&G ISA in her sole name. The Santander bank account generated little interest and I have sold the M&G shares and put both amounts into a separate bank account from which I am distributing her bequests and settling outstanding bills.
In her Will she made 11 bequests totalling about £12k and I have been distributing these to the recipients.
Do I need to tell HMRC what I’ve done so far or fill in any particular forms? Do I need to “Gazette” her death, or announce it in a local paper? Is there any IHT or personal tax to pay?
Any guidance would be appreciated
Jacki
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