Knowing how to value your chattels in England correctly is important. It can even be critical if you need the information for insurance, or planning how to distribute your estate after you pass on. Your personal movable possessions could include furniture, jewellery, … [Read more...]
The Truth About Chattels In England
The word ‘chattel’ comes down to us from the harsh economics of everyday life in mediaeval England, many hundreds of years ago. The truth about chattels in England in those days, was that most wealth did not sit in bank accounts or property portfolios. Instead, it … [Read more...]
Valuing All The Chattels In An Estate
Valuing all the chattels in an estate can become a mission-critical exercise for a deceased-estate executor. Or an individual drafting their will for that matter. You see, when someone dies in England, everything they own becomes part of their estate for inheritance … [Read more...]
Giving Our Chattels to Executors
Chattels include movable personal possessions that may range from executive jets to collections of teaspoons, and much more besides. Our executor may refuse to list all of them in our will, even though our heirs may squabble over the details. Giving our chattels to … [Read more...]
When You Should Not Give A Chattel
A chattel is a personal possession that you own and you can touch. You could take it with you when you go somewhere else. Therefore it follows you should be able to sell it, or give to someone so it becomes their own. However, there are times when you should not give a … [Read more...]
The Loose Gear in Your Estate
Did you ever wonder what will happen to the loose gear in your estate, after you pass on? One thing's for sure though, your heirs will scramble for the valuable items, unless you make your intentions clear. We describe how to avoid confusion, and make life simpler for … [Read more...]
Chattels and Capital Gains – An Update
A chattel gets its name from an ancient legal term for a movable thing we can possess, that has a tangible form. It could, for example be as large as a motor car, or as small as a tiny ear ring. This post is an update on chattels and capital gains tax, because some … [Read more...]
Property and The Matter of Probate
Property means different things to different people in the popular vernacular. However under English probate law, the term refers to the things we possess. That ownership follows us to the grave, so to speak. This brings us around to property and the matter of … [Read more...]
Trespass to Chattels Down the Ages
Trespass to Chattels Down the Ages In times gone by the civil de bonis asportatis law distinguished between trespass to a person, trespass to chattels, and trespass to land. This physical contact could be negligent or willful, and might involve barring the owner’s … [Read more...]
Capital Gains Tax on Chattels Sold
Capital Gains Tax on Chattels Sold We recommend checking the capital gains tax on chattels, and any commissions applying, before you agree to sell personal possessions. Avery Associates can provide you with a valuation certificate, whereafter what you do next is over … [Read more...]
