Reasonable Solicitor/Intestate costs

Yorkshireman99

As far as HMR&C are concerned if it is not near the IHT limit then they are not bothered. However, remember that the probate value of a property will be used as the base for any CGT calculation if applicable. So undervaluing could catch the unwary out years later.

getmore4less

ViktorOnopko wrote: »

The total estate is probably in the region of £550-650k with 60% of that property.

With a max nil rate band of £425k available there is an IHT bill to sort out.

Any gifts in the last 7 years will need filtering for exemptions and adding to the total.

Take advice from multiple sources,absorb and do any additional research you feel you need to properly understand what you are dealing with.

ViktorOnopko

Thanks all. Will see the solicitor later this morning and take things from there.

getmore4less

As long as the non house assets are nothing complicated and you deal with most of the house stuff like utilities & working with EA or deciding to keep, also you will probably be asked to list all the other assets, solicitors bill should be in £3k-£5k range if you have them pick up the process.