Uncle in end of life care - what do we have to include in the estate value for probate?
Hopefully some people have some clear advice that I can pass on to my Mum. I’ve read the very helpful guide about probate but have some questions.
My uncle is currently in end of life care and we think he has a matter of days or weeks. Due to this, we are getting everything in order and my Mum has asked me if I can help her on the probate front.
My uncle owns a property, has just under £100K in a bank account, will have pension pots and has a car. I’m under the impression that all of these will have to be contained within the value of the estate, which isn’t a problem as we have values for all of these. Many places have also suggested the estate includes household and personal items (furniture), electrical items (TV) and other contents within the home. My question is, do they have to form part of the estate? We actual have to value these items and include them for probate? If the answer is yes, what is the cut off point for items to be included?
The fact is, we don’t really want to value these items. The will is pretty straightforward, it nominates my mums as the sole executor (with my other uncle as an alternative if needed). It clearly states that the whole of my uncles estate, property and effects, whether movable or immovable, wheresoever situated and of nature to be equally split between my mum and my two uncles. The items in the house won’t be sold and money split between my two other uncles and my mum. It is more likely they’ll take what they each want and some of the other family will have other items. They are very close so there will be no discussion, argument or debate on who has what.
If they were just to agree who has what, do they have to be include in the estate value for probate or can we just not include them? What would be the problem with not including them? Even with these items includes, we don’t estimate the value of the estate to be above the IHT threshold.
Any help greatly appreciated.
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