A measure of worth: probate valuations, personal wealth and indebtedness in England, 1810–40.

This article discusses the reliability of probate valuations as a source for studying nineteenth-century wealth-holding by examining the extent to which estates were encumbered by debt. Drawing upon the analysis of a sample of Legacy Duty Office residuary account papers, it discusses the types and s...

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Publicado en:Historical Research Vol. 79; no. 205; pp. 383 - 404
Autores principales: Owens, Alastair, Green, David R., Bailey, Craig, Kay, Alison C.
Formato: Artículo
Publicado: Oxford University Press / USA Aug2006
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: A measure of worth: probate valuations, personal wealth and indebtedness in England, 1810–40.
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          Owens, Alastair
          Green, David R.
          Bailey, Craig
          Kay, Alison C.
        affil:
          Queen Mary, University of London
          King's College London
      su:
        Debt
        British politics & government
        Estates (Law)
        Historians
        Finance
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        subj:
          Debt
          British politics & government
          Estates (Law)
          Historians
          Finance
      ab: This article discusses the reliability of probate valuations as a source for studying nineteenth-century wealth-holding by examining the extent to which estates were encumbered by debt. Drawing upon the analysis of a sample of Legacy Duty Office residuary account papers, it discusses the types and sizes of debts and compares the net values of personal estates with the gross estimates made for the purposes of probate. While indebtedness was widespread, few estates were totally consumed by debt. In nearly two-thirds of cases the probate valuation was between fifty and 100 per cent of the net value of an estate. These findings suggest that historians can place more faith in the accuracy of probate valuations as a true measure of worth.
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