Do I need to notify HMRC about life insurance proceeds and bank funds from my deceased mother’s estate?2024-09-09T11:09:45+01:00
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Hi
My mum passed away recently and she didn’t have a lot. £3,500 in her bank which they have released to me. I am her daughter sole beneficiary and the executor of her will. I have just received £9,500 from her life insurance today. As these funds have been released already I have assumed that I didn’t need probate. Do I need to notify HMRC of these funds for tax purposes. Sorry it seems such a trivial question but just want to make sure that I’m doing everything I should be.

Team QLAW! Changed status to publish 9th September 2024
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