Asset Valuation and allowable expenses in Statement of Affairs

swiggy

Registered User
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29
Hi all,

I am carrying out a personal application for probate and am reading the Guide to completing a Statement of Affairs but would appreciate clarification on the following:

Market value of car - car was advertised at 16k (carzone gave this valuation), after about 2 months of no interest, we sold to a dealer for 10k. What is the value that should be included in statement of affairs?

Allowable expenses - the guidance is that with the exception of funeral expenses, no other costs arising after the date of death may be deducted. We had to renew the insurance on the deceased's house and car after the date of death, is this allowable? Do we also include the court fee for submitting the application?

thank you
 
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