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Probate Needed?

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  • Yorkshireman99
    Yorkshireman99 Posts: 5,470 Forumite
    drlabman wrote: »
    No worries. So, all the assets which are solely in my mother's name, together with half the value of all assets jointly owned ... including

    property?
    joint bank accounts?
    Yes. AFAIK there is a box to show joint assets in but someone will correct me if I am wrong.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Taxable estate and distributable estate can be different

    Joint assets pass by survivorship but their relevant value(usually 50%) get included in the taxable estate.

    Then exemptions are applied.
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