Administering probate correctly in England This involves managing a deceased person’s property, money and possessions in accordance with the law. First, their executor must settle the debts. After that, they must distribute the assets according to the will, or … [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...]
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...]
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...]
RICS Property Valuation for Probate in Context
The problem with the law is it sometimes zooms into the details that are oh-so boring. We decided to discuss RICS property valuation for probate in the broader context. That way, we can fit it into the wider picture of dividing an estate fairly after settling … [Read more...]
Chattels and Inheritance Tax Implications
The UK inheritance tax rate stands at a whopping 40% of all value over £325,000. It is therefore not difficult for a property owner to exceed this amount in the South of England. There’s no sign of this rate falling any time soon, making the implications of chattels and … [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...]
Chattels and Inheritance Tax – The Facts
We’ve possibly seen all too many television road shows for there to be any doubt. There are treasures to be found in senior’s homes as they drift to the end of life's journey. We investigate the relationship between chattels and inheritance tax. Better read on, because … [Read more...]
Dealing With the Affairs of a Deceased Person
In times past an estate meant everything under the control of a noble, even the village and church buildings. Nowadays it includes the deceased’s personal possessions, money, investments, and everything else they own. Dealing with the affairs of a deceased person … [Read more...]
