We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
house purchase - finding out what probate valuation was
Comments
-
sure the will won't contain a price, by question really was whether the valuation would be lodged with the court together with the will when applying for probate. I take all of the points made about doing research, but there arn't many similar properties in the area on the market, and having the probate value would be something to mention in relation to the silly price the ea suggested.
lu
The valuation will NOT be lodged with the will.
The probate valuation does not help you at all. If the estate is liable to IHT it will be the lowest value that the executors (surveyor they have employed) think they can justify. If the estate is not liable to IHT then it will be the highest figure they can justify to prevent a future capital gain.0 -
The executors will put a value on the estate for probate purposes, but only the will without the supporting documentation becomes a public document.................
....I'm smiling because I have no idea what's going on ...:)0 -
You can get a copy of the Grant of Probate by paying a small fee and this will give you the total value of the estate ONLY.
Not a breakdown of the estate at all. This would include money in the bank etc. and the total value of ALL the properties, as you mention there is a portfolio.
And as mentioned the Will does not generally show the individual properties as it will just usually give the residue to one person or a number of individuals.0 -
Make a bloody offer of what you think it is worth. Previous value is of no relevence.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards