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Named assets in will

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Comments

  • vigman wrote: »
    Not necessarily fair. I used one of those companies in the past for a complex land and property deal from site survey to planning acceptance and they were diligent and reasonably priced

    It seems odd that one property has now been valued at £400-£450k by four professionals will only be accepted as £600k for IHT valuation?

    Vigman
    Your experience is what I would expect and in such a case there is much more likelihood that there could be various opinions. In the OP's case there has to be something very odd.
  • vigman
    vigman Posts: 1,395 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Your experience is what I would expect and in such a case there is much more likelihood that there could be various opinions. In the OP's case there has to be something very odd.

    Just to clarify, I am OP. I recommended one of the firms to my family to deal with the in-laws property valuations after my good experiences with them.

    The strangest thing to me is that all the valuations were increased for IHT. As there are so many complications in this estate and the family are weary of multiple legal challenges on so many issues, they accepted the IHT bill.

    Vigman
    Any information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.
  • My apologiers for mistaking youre identiy. I understand the point but it was a high price to pay. I still think you were poorly served by the surveyor/HMR&C.
  • vigman
    vigman Posts: 1,395 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If someone has been left a gift of a named asset which was sold before the death of the will maker and therefore this gift is invalid, does that person have to be notified in a deed of variation as they are no longer a beneficiary?

    TIA
    Vigman
    Any information given in my posts or replies is intended to be of interest and/or help to members of the forum. I cannot guarantee that this is accurate or up to date.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    No, they just don't get what no longer exists.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The term you are looking for is "ademption"
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