Residential property often represents a significant portion of the value of a deceased estate. An accurate assessment is therefore necessary to assess inheritance tax. Residential property valuations peg that value as on a particular day. Residential Property … [Read more...]
Chattels Valuation For Probate – A Complicated Process
Chattels Valuation For Probate - A Complicated Process Chattels valuation refers to the process of determining the value of movable personal property, or "chattels." These can include items such as furniture, jewelry, antiques, art, vehicles, machinery, and similar … [Read more...]
UK Property Data at Your Fingertips
An executor of a deceased estate has a duty to research all the assets thoroughly, and determine a fair value for estate duty. The heirs may also keep an eye on things if there are several, to make sure they receive their equitable share. UK property data on the HM Land … [Read more...]
When to Do Your Probate Property Valuation
You don’t necessarily have to rush your probate property valuation, unless there is inheritance tax to pay. Although the heirs will no doubt be calling on you, as executor regarding when they might expect their entitlement. This post is about valuing an estate of … [Read more...]
RICS Property Valuation for Probate in Context
The problem with the law is it sometimes zooms into the details that are oh-so boring. We decided to discuss RICS property valuation for probate in the broader context. That way, we can fit it into the wider picture of dividing an estate fairly after settling … [Read more...]
Truth Behind RICS Property Valuation
Probate is a legal term for the management of a deceased estate under government guidelines. This includes valuing any property, and settling any inheritance tax due. This process may be more than meets the inexperienced eye. This because HMRC wants to know the true … [Read more...]
RICS Property Guide to Flooding
The RICS property guide to flooding explains the specific protection and adaption measures, that a prudent executor should take. This applies particularly to instances where there are delays in winding up an estate, and they find themselves acting as curator. RICS … [Read more...]
RICS House Probate Valuation Easily Explained
There are so many explanations for RICS probate property valuation in UK, it is not difficult to become confused. You may even wonder if some lawyer is trying to tangle you up in knots, although that should not be the case. We prepared this simple guide for Avery … [Read more...]
Probate Valuation of a Property
A probate valuation of a property is a legal requirement that must be fulfilled before winding up an estate. It ought to be a sober reflection of what the property might fetch, without undue pressure on either party. Tax officials may scrutinize this value to make … [Read more...]
Things to Remember with RICS Property Valuations
A property’s value should reflect the present worth of the future benefits of owning it. This influences key factors including raising finance, taking adequate insurance, and distributing shares of a deceased estate in turn. Therefore, this is not something we should … [Read more...]