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Why Accurate Estate Accounts are Essential for Executors

April 19, 2020 By Richard Farrell

Executors should manage deceased estates as custodians, and implement wills as written regardless of own opinion. That’s because tempers may flare over contentious issues and arguments can become personal. The executor must make detailed notes of money coming in, and … [Read more...]

Filed Under: Chattels Valuation, Probate Valuation Tagged With: administration expenses, assets, capital account, distribution account, duties, estate accounts, executor, income account, inheritance tax, liabilities, personal assistant

Inheritance Tax in the United Kingdom – A Snapshot

April 1, 2020 By Richard Farrell

Inheritance tax in the United Kingdom is a levy on someone who inherits from a deceased estate. The UK government deducts it from the estate itself before the proceeds can be distributed. If this is not practical, it may be willing to negotiate. A Brief History of … [Read more...]

Filed Under: Chattels Valuation, Probate Valuation Tagged With: current, death, deceased estate, inheritance tax, nil bands, overview, rate, summary, tax, uk, update

My Uncle Left Me £150,000 Can I Demand It Right Away?

March 2, 2020 By Richard Farrell

Unfortunately you can’t walk into the solicitor’s office, and demand what many people mistakenly believe is their right. Your £150,000 will remain in your uncle’s estate until his will is wound up, and this can take a while. As beneficiary, you have a potential right … [Read more...]

Filed Under: Chattels Valuation, Probate Valuation Tagged With: house contents valuation for probate, inheritance tax, probate valuation house contents, wills and probate, winding up an estate

How to Apply for a Grant of Probate on Your Own

February 11, 2020 By Richard Farrell

Even if a person quite close you passes on, you may still need government permission before you dive in, empty their house, and share out their possessions. That because the administration wants to see fair play. You probably need to get a Grant of Probate, even if … [Read more...]

Filed Under: Chattels Valuation, Probate Valuation Tagged With: deathbed gift, grant of probate, house contents valuation for probate, inheritance tax, private probate application, probate contents valuation, probate guide

How Much Can I Expect my Estate to Pay for Probate?

December 19, 2019 By Richard Farrell

The government funds the national administration, and all its services from the tax it collects. There never seems to be enough money to go around. Therefore it takes a final bite out of most estates in the form of probate fees, and inheritance taxes. INHERITANCE … [Read more...]

Filed Under: Probate Valuation Tagged With: distributing an estate, inheritance tax, probate contents valuation, probate valuation companies

I Inherited a House What Happens Next?

September 6, 2019 By Richard Farrell

Well, you could do one of three things by the law of averages. You could live in it, rent it, or sell it and realise the value. However, in reality things are seldom that simple, especially if the house is in the United Kingdom because there are variations on these … [Read more...]

Filed Under: Property Valuation Tagged With: inherit a house, inheritance tax, probate valuation, probate valuation guide, rics property valuation for probate

New Probate Fee System Draws Fire From Across the Board

November 27, 2018 By Avery Associates

New Probate Fee System Draws Fire From Across the Board The new hike in the probate fees system, which is set to raise probate fees to as high as £6,000, has drawn heavy criticism from numerous quarters. Some critics have claimed the move is an abuse of … [Read more...]

Filed Under: Chattels Valuation Tagged With: inheritance tax, probate contents valuation, probate fee system, probate news, ‘stealth death tax’

How Do I Value Items In A House For Probate

April 6, 2018 By Avery Associates

The Problems Executors Face When Valuing Chattels And Assets An increasing problem for executors dealing with an estate is the valuation of chattels ie: the assets of the deceased. ‘Chattels’ in probate terms are the everyday belongings which can be furniture, … [Read more...]

Filed Under: Chattels Valuation, Probate Valuation Tagged With: bequests, how do i value items in a house for probate, How to value house contents for probate, inheritance tax, open market value, probate valuation, probate valuation house contents, valuation of house contents for probate, value house contents for probate

How Do I Get A House Valued For Probate

October 6, 2012 By Avery Associates

Probate Property Valuation

Valuation Of Property For Probate Avery Associates offer a full probate property valuation of residential or commercial premises. Helping reduce the burden of administration considerably at a time when our clients will have other pressing matters to deal with and … [Read more...]

Filed Under: Property Valuation Tagged With: inheritance tax, PROPERTY VALUATION

Professional Valuation For Probate Required By Inland Revenue For Chattels Worth £500 Or More Individually

July 1, 2012 By Avery Associates

Valuations For Probate By RICS Valuers Inland Revenue advise that when valuing house contents or chattels for probate, it is, in most cases necessary to instruct a professional to carry out a detailed probate valuation of the chattels when it is believed that … [Read more...]

Filed Under: FAQS Tagged With: inheritance tax, threshold

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Client Reviews

Apr 1, 2021
by R G on Avery Associates
A great job, well done

My parents had lived in this house since 1961 and accumulated a lot of stuff. Jeffrey put my mind at ease and assured me that he and his team could tackle... Read More

Mar 26, 2021
by Tim and Chris on Avery Associates
Sensitive House Clearance

We're extremely pleased with the house clearance service that Jeffrey provided. This was a daunting and emotionally difficult task for us but Jeffrey ... Read More

Mar 8, 2021
by Jason Sims on Avery Associates
South Coast House Clearance & Document Retrieval

"I would like to thank Jeffrey and everyone at Avery Associates for assisting my dad and me. Following a death in the family, my father had to make last... Read More

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291 Mitcham Rd
Tooting SW179JQ

Tel: 0800 567 7769 or 0208 640 0044

Services provided throughout London and the Home Counties. View our clearance case studies.


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