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Probate & underestimated estate value

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sheslookinhot Posts: 2,271 Forumite

23 August 2024 at 10:05AM

bodorange said:

The letter from the pension firm said:
'The above policy is a Retirement Annuity Contract and the benefits are payable to Mr ***'s estate.'
I did not have to do an IHT form. I completed the online probate application, which included an online dialogue to estimate the estate.
If the estate agents' estimates are correct, then I underestimated by over 30%.

Pension payments do form part of a deceased persons estate, but they are not included as part of an Inheritance Tax liability calculation.

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