Probate & underestimated estate value

sheslookinhot

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.