CG31980 - Death and Personal Representatives: Non-retrospective variations: assets still vested in PRs
On a sale of an interest in the estate for cash the total consideration given will be immediately apparent. However where the variation was made in return for the assignee giving up a right to take Court action it will be necessary to value the consideration. This value should be taken as equal to the sum that a person would have been prepared to pay to acquire such an interest on the assumption that
- that person had obtained information about the assets that were likely to vest from the estate
and
-
had then discounted the likely value of those assets for the uncertainty of
-
when the assets will vest
and
- whether particular assets will vest.