I have an estate where property was transferred by Executors to beneficiary (who was also one of the Executors) and her wife. Value of property was £375,000. There were other properties in the estate, two of which were sold at a lower value than probate and we made a successful claim for loss on sale of land (which also included the declaration that no further sale would be made within four years of death in their capacity as the appropriate person). The owners of the property have now decided they do wish to sell the property, but the price has dropped somewhat and they have asked if they could bring a claim for loss on sale of land for this? Could I have members thoughts on this please. We are still within the four years.
Warwick & Barker