An unusual mortgage could help you access the store of wealth in your chattels, if you don’t want to sell them right now. This is a particular form of security interest over tangible moveable property, and it works similarly to a property mortgage. Legal title to … [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...]
RICS House Probate Valuation Easily Explained
There are so many explanations for RICS probate property valuation in UK, it is not difficult to become confused. You may even wonder if some lawyer is trying to tangle you up in knots, although that should not be the case. We prepared this simple guide for Avery … [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...]
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...]
Chattels For Probate What You Should Know
The word ‘chattel’ is a legal term for tangible, movable assets we can touch. It derives from the Middle English chattel, which probably came down to us from the Latin word 'capatalis'. Although there is also a counter-theory it derives from the Anglo Saxon derivative … [Read more...]
RICS Probate Valuations & Art of Comparables
A solid property valuation is essential when providing estimates for probate purposes. Any estate worth more than £325,000 in terms the current threshold, attracts 40% inheritance tax above that value. The requirement for accuracy also comes into play when dividing an … [Read more...]
What Is Hoarding: How Can I Understand It
The definition of hoarding as a separate disorder is relatively new. In fact, the International Classification of Diseases only identified it separately in 2018. Until then, some social workers had little idea what hoarding syndrome was about, beyond an unspeakably … [Read more...]
Your Next of Kin Is Not De Facto Your Custodian
A next of kin has no legal status in Britain to make decisions on behalf of another, whether disabled or deceased. Yet how often don’t we hear people saying ‘So-and-so is my next of kin. They’ll take of my affairs when I am gone.’ However, the truth is your next of kin … [Read more...]
