Determining the value of property fairly, is an essential step in distributing the assets in a deceased estate. A building and the land on which it stands, is likely to be the most valuable possession the deceased left behind. We share the factors determining how much a … [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...]
Selling Property From a Deceased Estate
There are several reasons why you may be thinking of selling property from a deceased estate. You could be an executor acting on instructions, or cashing in the value, to share it among their heirs. You could also be an heir who does not need the property, or even … [Read more...]
Managing Property in a Deceased Estate
Managing and dealing with probate property valuation in a deceased estate is the often complex task of the executor. or the administrator. This complexity is not surprising, given that ‘property’, in the broader sense, includes everything the deceased owned when they … [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...]
Disposing of Our Chattels After We Pass On
We worked hard all of our lives, and accumulated a house-full of possessions solicitors call chattels. Some one has the task of disposing of our chattels amicably after we pass away. This is not a pleasant duty, but it is something that must be done. The law will … [Read more...]
Chattels Wills and Letters of Intention
A will is a legal document in which you confirm what you want to happen with your money, property, chattels, and any other possessions. There is no substitute for a legal will, unless you want your closest relative(s) to claim the lot. So why are we writing about … [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...]
Deceased Estates and UK Tax Considerations
Deceased estates and UK tax obligations are tied up tightly in a ball, that may seem tough to untangle at first sight. However, if we keep our cool - and follow sage advice such as Low Incomes Tax Reform Group provides – we may not need a solicitor after all. But we … [Read more...]
Why Must I Place a Deceased Estate Notice?
Becoming an executor of a deceased estate may at first sight seem quite straightforward. All we need do is get permission from the government, pay estate duty if any, settle the cards and the mortgage, and share what’s left of the estate between the heirs. To expand … [Read more...]
