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Forum > Debts owed by the deceased > Deduct any Debts owed by the deceased
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Date Posted:
27-Aug-2013 14:36:34
Deduct any Debts owed by the deceased

The deceased debts and liabilities should also be considered when valuing the estate. Establish the extent of these by making a list. This total will then be deducted from the deceased’s assets.
Areas to consider are:
• Outstanding mortgage balance(s)
• Unsecured lending, e.g. credit cards and personal loans
• Bank overdrafts
• Unpaid Income Tax
• Utility bills and Council Tax
• Funeral expenses
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