Lemma 108.7.3. Assume X \to B is proper as well as of finite presentation. Then \mathrm{Hilb}_{X/B} \to B satisfies the existence part of the valuative criterion (Morphisms of Spaces, Definition 67.41.1).
Proof. In Quot, Lemma 99.9.2 we have seen that \mathrm{Hilb}_{X/B} = \mathrm{Quot}_{\mathcal{O}_ X/X/B}. Hence this follows from Lemma 108.5.3. \square
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