Probate valuation must happen before house clearance begins. Clearing a property before contents have been formally valued for probate purposes risks permanently destroying evidence of the estate's worth, which can lead to inaccurate Inheritance Tax submissions and … [Read more...]
How UK Inheritance Tax Works on Property
We regularly receive inquiries about how UK inheritance tax works in deceased estates, and decided it was time to post an update. The value of an entire estate is potentially subject to this tax. And this includes any gifts the deceased made during the seven years prior … [Read more...]
Wills, Probate and Inheritance How They Work
If a person left a will when they died, it’s necessary for someone to deal with the deceased’s money, property and possessions according to their wishes. The government expects that person to apply for permission to do so. In British law we refer to this as an … [Read more...]
