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Vested intrerest?

RSJ84
Posts: 4 Newbie

Hi, In the UK can someone gain a vested interest before probate is granted?
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Comments
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What exactly is the issue?If you've have not made a mistake, you've made nothing0
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You wil have to be a lot more specific if you want any sort of answer.0
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If you are a beneficiary of the will you will have a vested interest in the assets of the estate.0
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RSJ84 said:Hi, In the UK can someone gain a vested interest before probate is granted?
Maybe this quote from HMRC's tax manual will answer your question:‘Vested’ means that the interest either already is or will eventually come into the hands of the beneficiary. If this occurs after the beneficiary dies, it will go to the personal representatives of the beneficiary.
The future event must be certain to happen - for example, the death of another person. It does not matter if it is not possible to say when this will be.
If the event is not certain to occur the interest is contingent (TSEM6211) - not vested. For example, the event may be the beneficiary reaching the age of thirty.
https://www.gov.uk/hmrc-internal-manuals/trusts-settlements-and-estates-manual/tsem6210#:~:text='Vested'%20means%20that%20the%20interest,the%20death%20of%20another%20person.
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1
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