Estates that benefit from other Estates

[Bazman76]

Hi there,

The deceased is owed from two other estates:

• The first died before the deceased
• Confirmation was obtained
• The problem is that the final value of that estate is still not known
• So can I just list the deceased's share of the other estate as worded below?
  • The Estate of XXX
  • 50% share of the Estate
• given that confirmation was obtained through the Scottish courts should this be listed under Moveable Estate in Scotland?

The other

• The second died after the deceased
• Probate was obtained through English court
• At the time of the deceased's death he owed the deceased money
• I realise that C1 is supposed to be as at the date of death so
  • Should I list the debt against the individual (as if he were still alive) and then go to his Executors worded as:
    • "Name and address of individual"
    • "Money owed to the Estate of the deceased"?
  • Or list the debt directly against his Estate?
    • worded as above?
• Presumably as this was done through the English courts this should be listed as Estate in England and Wales?

Thanks

Baz

[sederunt]

I am curious as to why you seem to be drip-feeding your questions on the forum.

[Bazman76]

I am reliant on third parties for some of the answers required and I have only been drip fed those answers, I do appreciate that an inordinate amount of time has passed.

[sederunt]

Hi there,

The deceased is owed from two other estates:

• The first died before the deceased
• Confirmation was obtained
• The problem is that the final value of that estate is still not known
• So can I just list the deceased's share of the other estate as worded below?
  • The Estate of XXX
  • 50% share of the Estate
• given that confirmation was obtained through the Scottish courts should this be listed under Moveable Estate in Scotland?

The other

• The second died after the deceased
• Probate was obtained through English court
• At the time of the deceased's death he owed the deceased money
• I realise that C1 is supposed to be as at the date of death so
  • Should I list the debt against the individual (as if he were still alive) and then go to his Executors worded as:
    • "Name and address of individual"
    • "Money owed to the Estate of the deceased"?
  • Or list the debt directly against his Estate?
    • worded as above?
• Presumably as this was done through the English courts this should be listed as Estate in England and Wales?

Thanks

Baz

For inclusion in a C1 inventory:


inheritance

Moveable estate in Scotland if the inheritance is to moveables and the person was in Scotland. Example, but needs described relevant to the circumstances.


Executry of [name and address]

50% share of residue (?)

Value estimated by executor £




Debt


listed as personal estate in England and Wales if debtor in England. Such as


Loan to [name and address]

Value £

If the executor considers there is no prospect of recovering the full debt amount then the executor can in addition to listing the debt total, also enter a lower value estimated by the executor as recoverable.