How to avoid some of the pitfalls of probate
The task of deceased estate valuation is never an easy one and without the helping hand of a professional, can be a daunting one. Given time constraints and sometimes many articles and stored valuables left by the deceased, a caring and experienced eye and hands can make all the difference to a smooth validation of asset value and of course the proper handling and clearance of property. Sometimes it can be the last thing that a named executor would want to deal with and this is where an experienced probate professional is invaluable.
As the granting of Probate is the first step to seeing that the wishes and bequests of a deceased person are fulfilled, it is vital that it is done in an orderly and informed basis. Many of the steps and costs that are involved in the granting of probate are contingent on accurate valuation of property, assets and personal possessions.
Having up-to-date market prices and sale values of the many different types of items left by the deceased is not usually in the range of the average person’s skill set so access to a team of experts on art, cars, memorabilia, jewellery, rare items etc. can prove very time-saving and make for smooth, uninterrupted progress through the Probate process, especially and Inheritance Tax purposes.
Once the valuable items from an estate and the bequests are duly given to beneficiaries, there of course remains the dignified and economical disposal of all remaining possessions of the deceased. While these may not be of great financial value, they certainly can be of some value and must naturally be given due respect when being disposed of and distributed to various charities etc.
This again is where a sensitive professional company can save enormous amounts of time and heartache, quickly tabulating, organising and carrying away any remaining chattels of the estate.
What about the condition and appearance of any deceased estate properties, houses, flats or land?
As the state of property is important when evaluations and valuations are made, part of a fully professional probate solutions company would be to professionally clean and provide gardening services to ensure properties look and are maintained at their best. It is also a mark of respect for the deceased person and their home.
What happens if the deceased estate involves a business, with all the intricacies of cash flow, discharging debts and even outstanding commitments?
Perhaps the relative named as executor is not an accomplished accountant or business executive. Once again, the professional services of a probate valuation and property clearance specialist company is essential to guiding executors to the professionals needed to put everything in order and ensure a smooth conclusion to any business affairs or to know the correct professional who can.
Are you over-burdened with household item?
Part of house clearance may be the dilemma of what to do with the residual household effects, furniture, linen, cutlery etc. that while still being useful, are not wanted by any of the beneficiaries. Having a company that specialises in clearances to charity as required can be a huge relief. Avery Associates will know immediately what is useful and can make the world of difference to a reputable charity aiding the homeless or underprivileged. This also cuts down on landfill and the carbon footprint of recycling processes.
Is it time to consult the professionals?
It may seem at first that taking care of a deceased family member’ affairs and possessions at a time of bereavement is a matter of a few documents and a couple of forms, but in reality there are many details that must be attended to in order to be given Grant of Probate by the Supreme Court. It is the orderly accomplishment of these details that make the professional services of a renowned probate valuation and property clearance specialist company an essential part of taking proper care of the deceased affairs and at the same time being able to swiftly move on with one’s own.
Author – Angie Lemon