Probate declaration - 'land vested in the deceased' ?

p00hsticks

I'm currently in the process of completing an online probate application.

I'd be grateful if someone could explain what this wording in the decalration actually means in plain English (as I know the other excutor is going to ask me ) ?

To the best of our knowledge there was no land vested in the Deceased which was settled before his death (and not by his Will) and which remained settled notwithstanding his death.

Thanks in advance

getmore4less

Do you understand what settled property is?

p00hsticks

getmore4less said:

Do you understand what settled property is?

No - that's why I'm asking !

xylophone

Do you understand what settled property is?

No - that's why I'm asking !

https://www.rcsolicitors.co.uk/family-law/wills/wills-and-trusts/wills-lpas-probate-and-administration-of-estates-glossary#:~:text=Settled land - Land held in,successive generations of a family.


Settled land - Land held in trust under a settlement and where the trust usually grants lifetime rights or interests in property to successive generations of a family.

Stanshall

Hello, coming to this late but you may be able to help. If the land is held in trust and the trustees are also the executors and the estate AND the sole beneficiaries of the estate. Does it matter?

JustUseSellotape

What this should mean, is that the deceased owned land (or property), which was put into a settlement. For example, the deceased gave a life interest to a tenant. The deceased dies and the life interest is still ongoing, is an example of what he statement is asking - i.e. did the deceased make a settlement during their life, which still exists. There are tax issues and also practical issues re who deals with the estate to sort out. If there is a life interest, then the executors may be applying for a grant over the free estate, but may need different executors to handle the life interest (not 100% sure on this last point but think this is correct).