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Selling a probate property - do they look into finances of deceased owners??
RnK136
Posts: 81 Forumite
We are selling our parents property. Mum died in 2022, then Dad in 2024.
Mum had given my brother & I some money before she died. I did factor this as gifts into calculating if IHT was payable as it was more than £3,000 and within the previous 7 years. But the estate was under IHT threshold so none was due.
Now the buyers solicitor has said they've been notified of a gift and they are reviewing it.
How? Do they look into finances of deceased owners of a probate property??
I don't understand how Mum giving us some money impacts the sale of the property now?
Mum had given my brother & I some money before she died. I did factor this as gifts into calculating if IHT was payable as it was more than £3,000 and within the previous 7 years. But the estate was under IHT threshold so none was due.
Now the buyers solicitor has said they've been notified of a gift and they are reviewing it.
How? Do they look into finances of deceased owners of a probate property??
I don't understand how Mum giving us some money impacts the sale of the property now?
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Comments
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The solicitors won’t be interested in those gifts, it will a gift to your buyer to help with their deposit they are referring to.0
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I did think it was something on their side as I could not figure out how they would know about Mum gifting us money, or need to know regarding us selling, but then I wonder why they've even mentioned it to us. Surely that's a private matter with the buyers!Keep_pedalling said:The solicitors won’t be interested in those gifts, it will a gift to your buyer to help with their deposit they are referring to.0 -
Presumably because the complication is causing a delay on their side?RnK136 said:
but then I wonder why they've even mentioned it to us.Keep_pedalling said:The solicitors won’t be interested in those gifts, it will a gift to your buyer to help with their deposit they are referring to.0 -
Hmmm. Yes, probably.user1977 said:
Presumably because the complication is causing a delay on their side?RnK136 said:
but then I wonder why they've even mentioned it to us.Keep_pedalling said:The solicitors won’t be interested in those gifts, it will a gift to your buyer to help with their deposit they are referring to.0
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