An executor of a deceased estate with property, or a beneficiary thereof, needs to know their way around the law. Especially if there is a sitting tenant or co-owner with occupation rights. This article discusses home ownership types, and occupation principles so you … [Read more...]
How Personal Chattels Work in Mortgages
A chattel includes any personal possession with substance, with the exception of land and fixed improvements thereon. Thus a chattel could be any tangible, movable asset according to Oxford Languages. We discuss how personal chattels work in practice as security for … [Read more...]
Portable Chattels That You Can Mortgage
A chattel, under UK law, means any possession other than freehold land. This definition includes both tangible goods that we can touch, and leasehold interests that we can sell and trade. This article narrows the field to portable chattels, and how we can use them as … [Read more...]
Comparable Evidence In Fixed Property Valuation
Identifying, sourcing, and applying objective evidence lies at the heart of any valuation, be it real estate or personal chattels. Comparable evidence in fixed property seeks to apply these principles using similar fixed assets. However, this is rarely an exact science, … [Read more...]
Personal Property And Chattels In Law
The law sometimes has special names for things to avoid confusion between them. Personal property and chattels often boil down to the same thing, although this is not always the case. However, when solicitors speak of ‘chattels’ they should all be on the same … [Read more...]
The Value Of An Estate for Probate
Probate is a somewhat-dated legal term referring to the process for closing out estates. However, only the net value will pass to the heirs after HMRC has taken its inheritance tax slice. The value of an estate includes everything the person owned at the time their … [Read more...]
Probate Chattels and Inheritance Tax Unpacked
‘Chattel’ under probate law means any item of personal property you could touch, and move if you wanted to. This article discusses the implications of probate chattels and inheritance tax in deceased estates, However, this is merely an introductory overview, and you … [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...]
