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Probate & underestimated estate value

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  • sheslookinhot
    sheslookinhot Posts: 2,365 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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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