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...]
Property Chattels and Fixtures in Probate
Executors of deceased estates may find themselves dealing with fixed property chattels and fixtures attached thereto. They may have to sell the assets and ask a sitting tenant to vacate. Although the deceased person could also have been a tenant themselves, and lived in … [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...]
Valuing Chattels and a House for Probate
You have to get permission (solicitors call it probate) before you can wind up a deceased estate. The UK government will not provide this permission, until any inheritance tax due is settled. HMRC calculates this duty based on the value of the estate. This post … [Read more...]
