Shares inheritance

xylophone

My cousin has taken the motorbikes to "keep in the family".

Without permission?

With permission as a gift?

The bikes are worth £150,000?

Either way, there are IHT implications -  a note needs to be kept.......

lawrenson

Hi, yes with permission. My aunt is claiming they aren't worth anything, and I can only guess that is what my cousin told her.
I had them valued about 8 years ago and Bonham's said 50k+ then. However I am female and my cousin is male, and my aunt has a tendency to give more weight to male opinions.

lawrenson

So, probate for my Uncle was granted to my Aunt.

xylophone

So, probate for my Uncle was granted to my Aunt.

No Will, so presumably Letters of Administration.

As Administrator, responsibility for winding up the estate fell to her.

Clearly she hasn't done it properly.