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Vested intrerest?

Hi, In the UK can someone gain a vested interest before probate is granted?

Comments

  • RAS
    RAS Posts: 33,392 Forumite
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    What exactly is the issue? 
    The person who has not made a mistake, has made nothing
  • Keep_pedalling
    Keep_pedalling Posts: 17,611 Forumite
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    You wil have to be a lot more specific if you want any sort of answer.
  • frayedknot
    frayedknot Posts: 87 Forumite
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    If you are a beneficiary of the will you will have a vested interest in the assets of the estate.
  • Marcon
    Marcon Posts: 11,782 Forumite
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    RSJ84 said:
    Hi, In the UK can someone gain a vested interest before probate is granted?

    It isn't clear what you're asking or why - and sometimes the 'why' can clarify exactly what the asker needs to know. 
    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!  
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