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Good evening,
I wonder if I might be able to query the progress on the distribution of this estate, if my experience is normal and if there are remidies.
Outline situation:
Intestate Estate, however, probate granted in late 2018.
Interim payments commenced in late 2019.
My query namely revolves around the inheritance tax position in so much as, this was based, I believe on a probate value in 2018, should since this time, interim payments still being made as well as equity investments being sold what happens if the resultant value is less than that which was stated in 2018 is there chance that tax paid can be reclaimed?
Similarly, perhaps incorrectly I was of the opinion that there should be a timeline in which distributions should be made by following the granting of probate for the very reason of fluctuations in equity or housing markets which materially affect the estate value.
the firm involved in the administration do not reply to my enquiries, or promise updates and don’t with some months delays before contact. The current position is that equity certificates are being sourced or replaced in order to sell and there isn’t much of an update - my concern principally lays with the effect on falling values and the tax paid on a probate valuation in 2018 which is likely to be much effected now due to covid on the markets
any recommendations greatly appreciated
I wonder if I might be able to query the progress on the distribution of this estate, if my experience is normal and if there are remidies.
Outline situation:
Intestate Estate, however, probate granted in late 2018.
Interim payments commenced in late 2019.
My query namely revolves around the inheritance tax position in so much as, this was based, I believe on a probate value in 2018, should since this time, interim payments still being made as well as equity investments being sold what happens if the resultant value is less than that which was stated in 2018 is there chance that tax paid can be reclaimed?
Similarly, perhaps incorrectly I was of the opinion that there should be a timeline in which distributions should be made by following the granting of probate for the very reason of fluctuations in equity or housing markets which materially affect the estate value.
the firm involved in the administration do not reply to my enquiries, or promise updates and don’t with some months delays before contact. The current position is that equity certificates are being sourced or replaced in order to sell and there isn’t much of an update - my concern principally lays with the effect on falling values and the tax paid on a probate valuation in 2018 which is likely to be much effected now due to covid on the markets
any recommendations greatly appreciated
