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Probate question


henry d
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Working on the principal that the only stupid question is the one you don't ask; here goes.

I know little when it comes to probate apart from when my mother died and her "estate" was below to threshold. The auction property I am interested in buying has two figures in regards the deceased woman's estate, gross (£202k) and net (£177k).

Question is, why a gross and net figure? Many thanks.

Edited by henry d
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Just now, johnphilip said:

Could that be the value of the estate after all fees are taken off???

Same thoughts, although Henry d says it is the property that has the two figures. So, I would speculate the gross as being it’s value for probate purposes and net is less any charges / mortgages which may need to be redeemed once the property is sold

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