Probate and a RESIDENTIAL park home (not a caravan)

LiquidStool

Hi all

I'm valuing my late father's estate for probate.

He, like many retirees bought a park home on a residential park, not a holiday park (important distinction) and pays a ground rent to the park owners.

Because of it's relatively low value, it's considered a chattel (an asset), not a conventional property.  I'm guessing the whole estate is comfortably under the IHT threshold but is there any specific I should be aware of as it's a chattel or more specifically, a residential park home when it comes to probate?

Due to site rules, we don't qualify to live in it so it will be sold in due course - after giving the site owners 10%  

many thanks

poppy12345

You’ve posted on the welfare benefits section. Try posting on the house buying/selling section here https://forums.moneysavingexpert.com/categories/house-buying-renting-selling

peteuk

Although it may be under the IHT threshold, if there is no spouse living in the property, I believe it will still need to go through probate.  Even if you have a will it still may need to go to probate.