Probate

[pipkins75]

Hello

I have just discovered an entry in the England & Wales National Probate Register for my grandmother.  From the early 90's.  Please could someone tell me what "Administration with will ..... not exceeding £115000"  means?  We were not aware she had anything near that amount.

Thank you.

[Jomot]

I am sure there will be someone with more knowledge than me, but having just obtained probate for my mother I believe its to do with the tax threshold.  As the amount is 'not exceeding £115,000' the estate would be any amount below that, from a few thousand upwards.

[pipkins75]

Jomot thanks for your reply.  I have searched various websites but still didn't quite get exactly what it meant.  It wasn't clear to me what figure it would be from.  It would tie in if it was a lot less than £115,000 !  Many thanks for your reply.

[Brentor boy]

"Administration with will" suggests to me that there was a Will  but, for some reason , it could not be validated. The estate was therefore to be administered in accordance with  the terms of intestacy.

[carol8353]

Did she own her own house,then that could easily be valued at such a sum.
The figure is not exact until the house is sold of course.

[dawnsh]

According to the Help Pages at HCTS

https://probatesearch.service.gov.uk/Support/Help

Letters of Administration with will annexed

A legal document issued by a Probate Registry which confirms the validity of a will but is not issued to an executor

This wording is usually applied if the named executor has pre-deceased or is unwilling or unable to act as the executor at the time probate is being proved.

Gross estate

The value of the items owned by the deceased added together. The value will be shown as either does not exceed or amounts to. If the figure says “does not exceed” then this refers to the inheritance tax threshold for the year the deceased died.

Net estate

The gross estate less the value of the funeral expenses and any debts of the deceased. The net estate does not include any deduction for Inheritance Tax. The value will be shown as either does not exceed or amounts to. If the figure says “does not exceed” then this will be the net value rounded up to the nearest thousand.

[pipkins75]

brentor boy & carol8353

Thank you both very much for your replies. 

brentor boy - if the Will was, for example, incomplete and she therefore died intestate, does that mean a sole Administrator would be appointed or would it be more than one Administrator?

Carol8353 - No, she did not own her own house.  She did not work, her husband was a Labourer and he died in the 1970's.  I was just curious to know where that amount of money had come from which I guess cannot be answered here!  I was puzzled with the specific amount of £115,000 and what that indicated. 

Pip

[dawnsh]

Pip

you may have missed my reply with explanations

[carol8353]

Pipkins

I have a friend whose London Ancestor all of sudden left a massive amount in his 1970's will.
My pal has no idea where the money came from,none of the family appeared to have any money.
He never married ,so it cannot have come from his wife's side.
It will always be a mystery ,we think. 

Carol