We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!

Estate Accounts different to Grant of Probate

Hi all,
I'v just found my the solicitor's Estate Accounts for the winding up of my mum's estate in 2007. Should the final total/payment/transfers/liabilities total be the same as the amount that shows on the Grant of Probate? It's £10-£12,000 different.

Comments

  • melanzana
    melanzana Posts: 3,953 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    The Grant of Probate reflects the value of the assets in the estate less any debts owed by the deceased at date of death.

    The solicitors fees for probate are not reflected in the Grant figures, so the estate account difference would be accounted for by solicitors fees.
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    Plus assets may have been sold at a difference price, their may have been bills to paid or income, say savings interest coming in.
    The estate account should reconcile all the income and expenditure.
  • Flugelhorn
    Flugelhorn Posts: 7,449 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I sold house under probate for 10k less than the amount I put on the probate form - that would have shown up as a difference even without solicitors fees
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.