Sell inherited property to sibling for less than probate value

MontyMoggs

NorthYorkie said:

You say "As his only biological child, I'm the sole heir under intestacy rules. " What actually is the status of your half-sibling? Was he legally adopted by your father? (just a thought).

Nothing legal, he was just a kind hearted man and saw them as a step child/family

RAS

you need to be aware that getting solicitors involved in probate is costly and takes a lot longer than DIY.

It's not the Probate Office who take longer, its that lawyers need to cover their backs in a way that families would not. They will wait 6 months for possible Inheritance Act claims for example, even if you are confident there are no possible claimants.

And every single query costs. Ideally you need to know how much they charge to read an email, for example.

Albermarle

RAS said:

you need to be aware that getting solicitors involved in probate is costly and takes a lot longer than DIY.

It's not the Probate Office who take longer, its that lawyers need to cover their backs in a way that families would not. They will wait 6 months for possible Inheritance Act claims for example, even if you are confident there are no possible claimants.

And every single query costs. Ideally you need to know how much they charge to read an email, for example.

Plus you have to supply them a lot of info, so you still do half the work anyway .

MontyMoggs

Albermarle said:

RAS said:

you need to be aware that getting solicitors involved in probate is costly and takes a lot longer than DIY.

It's not the Probate Office who take longer, its that lawyers need to cover their backs in a way that families would not. They will wait 6 months for possible Inheritance Act claims for example, even if you are confident there are no possible claimants.

And every single query costs. Ideally you need to know how much they charge to read an email, for example.

Plus you have to supply them a lot of info, so you still do half the work anyway .

Thanks, I'm aware of the costs that can be involved with solicitors but as previously mentioned, they are already on with dealing with it.
 The IHT tax pack has already been prepared.
(and I can tell you after looking through it, I would have gotten this very wrong if I was handling it myself)

I accepted the fixed quote they gave at the outset, so won't be charged any extra for any emails etc. It's a set price, plus the cost of the property valuations (around £140)
They have also had to sort a couple of things outside of their scope for me as there is the possibility of requiring a proof of parentage so they are handling that too.
(father not on my birth certificate)