Is this a good time to sell the house you are managing for an estate? This is not an easy decision, because you are not simply selling your own home. You are dealing with a property that belongs to beneficiaries, while trying to make decisions that are fair to … [Read more...]
English Probate Property Sales: A Practical Guide for Families
Losing a close family member or friend can be one of life's most difficult experiences. Understanding English probate property sales can be a challenge too, unless you understand the principles. We wrote this article to help you understand how probate affects you in … [Read more...]
Is Applying for Probate Easy or Not?
Is applying for probate easy, or is it a complicated process? The UK government has done its best to simplify things, although the human factor still plays a role. Many people who apply for permission to administer a will have lost someone they love, so there may be an … [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...]
How Court of Protection Sided with Hoarder
The UK Court of Protection makes decisions on behalf of people unable to decide for themselves at a particular point in time. These rulings may concern financial or welfare matters affecting them. The key point at issue is whether someone has mental capacity to make a … [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...]
Things to Remember with RICS Property Valuations
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...]
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...]
