We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Probate/Equity Release Question
woodyt
Posts: 120 Forumite
Hi there,
I’m in the process of applying for probate on my late father’s estate on the Gov.uk website.
His gross estate is £305,000 however he had an equity release on the property which is approximately £140,000.
My question is do I take this amount off for the net estate value?
Many thanks
I’m in the process of applying for probate on my late father’s estate on the Gov.uk website.
His gross estate is £305,000 however he had an equity release on the property which is approximately £140,000.
My question is do I take this amount off for the net estate value?
Many thanks
0
Comments
-
Net estate is the important figure, i.e. total assets less total liabilities.1
-
Yes you do. It’s a debt against the estate.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards