A property’s value should reflect the present worth of the future benefits of owning it. This influences key factors including raising finance, taking adequate insurance, and distributing shares of a deceased estate in turn. Therefore, this is not something we should … [Read more...]
UK Property Boom to End This 2023
There’s a lot to be said to listening to what Royal Institution of Chartered Surveyor members (RICS) say about property prices. Rather than absentmindedly hearing what estate agents think. That’s because RICS bases its opinions on hard facts, when it says the UK … [Read more...]
Should Hoarders See a Doctor?
Hoarded homes can be a real challenge when we arrive to do a RICS property valuation for a deceased estate. Sometimes we can’t even reach into some spaces to do a proper assessment. More than a few clients ask us whether they made a mistake to look past the evidence. … [Read more...]
Probate Valuations by RICS Authorised Surveyors
The UK Government wants its slice of the cake, if any on offer before creditors and inheritors stake their claim. This presents the obvious temptation to keep property value low, although no wise executor would attempt that! Today we debate the wisdom of probate … [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...]
Could Mirror Wills Sever Joint Tenancies?
The law is an ass, a frustrated Mr Bumble observed in Charles Dickens’ Oliver Twist. That may, or may not be the case, however we should remember it is a stubborn old mule, before we create mirror wills without careful thought. That’s because we could innocently … [Read more...]
How to Value a House and Contents for Probate
A deceased estate must be valued for inheritance tax purposes before there can be any question of dividing up the assets. This article explains how to value a house, and contents because these often make up a significant part of any estate. It is worth mentioning … [Read more...]
Don’t Know Where To Start? We Offer The Total Solution For Probate And Property Valuation Services
There is never anything easy about losing a family member or close friend. Not only are you trying process your loss, but if you’ve been named as executor, you now have mountains of paperwork to deal with in addition to the deceased property and its contents. To avoid … [Read more...]
Probate Headache? Why An Accurate Valuation Of The Property Is Critical
Dealing with a bereavement means handling many things, not the least of which is disposing of the deceased’s property according to their Will. However, before any of the estate can be inherited, a valuation of the property of the deceased needs to be established and … [Read more...]
Valuation Of Property And Household Contents For Probate
Both the valuation of a property and the valuation of chattels or household contents are a requirement when winding up an estate to be able to calculate inheritance tax liabilities. Obtaining A Probate Valuation Of Property This valuation should be as accurate as … [Read more...]
