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Landlords agent demanding property be returned

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Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    martindow wrote: »
    Regarding the heirlooms, doesn't it depend what these are. If we are talking about things of sentimental rather than actual value there is no real problem the OP taking these - a few otherwise virtually valueless pieces of furniture vases or costume jewellery, for example. If on the other hand it is gold or jewellery of real value these must be sold to settle debts.
    Sentimental value is irrelevant. Actual financial market value is the only thing that matters.

    So if the OP is looking at some jewellery that has a market value of £100, it's £100 in the estate's assets. Doesn't matter if it's the wedding ring that saved the life of Great-Grandad in WW1 when a bullet ricocheted off it. It's £100 in the assets column in the estate's finances.

    If the OP wants to keep the sentimental value stuff, they need to put the financial equivalent into the estate until it reaches the point at which all the debts can be paid from the estate. THEN the OP starts inheriting from the estate...

    And the longer the OP mucks about, increasing the rent debt, the more they'll need to put in to reach that point.
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