How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Clare Your Own Question
Clare, Solicitor
Category: Law
Satisfied Customers: 34885
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
Type Your Law Question Here...
Clare is online now

If the estate is worth £825,000 and we pay tax on £400,000

Customer Question

if the estate is worth £825,000 and we pay tax on £400,000 do we have to pay that first before the money is reliesed or is it taken out of the estate
Submitted: 2 years ago.
Category: Law
Expert:  Clare replied 2 years ago.
Thank you for your question.
My name is Clare and I will do my best to help you.
The Inheritance Tax needs to be paid before the Probate is granted (or an agreement for payment by installment's needs to have been signed)
I hope that this is of assistance - please ask if you need further details