Property means different things to different people in the popular vernacular. However under English probate law, the term refers to the things we possess. That ownership follows us to the grave, so to speak. This brings us around to property and the matter of … [Read more...]
The Origins of English Property Law
The origins of English property law date back to 1215, and the Magna Carta. This concord ruled that nobody was above the law, not even the king, and returned stolen land to Welsh owners among other things. Since then, English property law has continued to regulate … [Read more...]
Comparable Evidence In Fixed Property Valuation
Identifying, sourcing, and applying objective evidence lies at the heart of any valuation, be it real estate or personal chattels. Comparable evidence in fixed property seeks to apply these principles using similar fixed assets. However, this is rarely an exact science, … [Read more...]
Personal Property And Chattels In Law
The law sometimes has special names for things to avoid confusion between them. Personal property and chattels often boil down to the same thing, although this is not always the case. However, when solicitors speak of ‘chattels’ they should all be on the same … [Read more...]
Updating Property Records in a Deceased Estate
An executor of a deceased estate, who may be an inexperienced family member, has the task of unraveling the deceased's possessions. They must first determine what they owned at the moment of their death, and then dispose of the items legally and correctly. We focus on … [Read more...]
The Value Of An Estate for Probate
Probate is a somewhat-dated legal term referring to the process for closing out estates. However, only the net value will pass to the heirs after HMRC has taken its inheritance tax slice. The value of an estate includes everything the person owned at the time their … [Read more...]
UK Property Data at Your Fingertips
An executor of a deceased estate has a duty to research all the assets thoroughly, and determine a fair value for estate duty. The heirs may also keep an eye on things if there are several, to make sure they receive their equitable share. UK property data on the HM Land … [Read more...]
Truth Behind RICS Property Valuation
RICS Probate Property Valuation RICS Red Book Property Valuation - 100% Guaranteed Reports Probate is a legal term for the management of a deceased estate under government guidelines. This includes valuing any property, and settling any inheritance tax due. This … [Read more...]
RICS Property Guide to Flooding
The RICS property guide to flooding explains the specific protection and adaption measures, that a prudent executor should take. This applies particularly to instances where there are delays in winding up an estate, and they find themselves acting as curator. RICS … [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...]
