I.T.G. provide clear and accurate probate valuation & IHT valuations reports of house contents (Chattels) in accordance with HM Revenue and Customs guidelines.
I.T.G. probate or confirmation valuation provides a range of services to assist in the winding up of an estate. We provide our services to private individuals, solicitors, executors & administrators across the UK. Our aim is to make probate valuation as stress free as possible.
In simple terms, Inheritance Tax or IHT is a tax that applies to transfers of value. This means that technically, IHT applies to everybody and all gifts or transfers of assets that are carried out. Upon death, your estate is gauged for Inheritance Tax. IHT has to be paid off before the estate is distributed to the beneficiaries. If the tax is not settled, then the entire estate is frozen until the money is raised to pay off the tax bill.
The attorney(s) should sign the EPA at any time after the donor has signed but before the donor becomes incapable of understanding the nature and effect of creating an Enduring …
The person responsible with looking after the affairs of the deceased (called ‘executor’ or ‘administrator’) must deal with their money and property (known as ‘estate’). They are responsible for paying …
Dealing with someone’s death can be a challenging and distressing task, especially in a foreign country. Language problems and dealing with strangers are just some of the complications that may …
Certain documents and paperwork are required for informing people and organisations about the death. You will also need the various documents to apply for probate. Documents needed immediately after death: …
The professional staff that cared for the person will be able to provide you with the practical and emotional support after the death. First things to do The deceased has …
Funerals can be carried out either by burial or cremation. A funeral director can be hired in order to help you organise it. The funeral can be as personalised as …
When an individual dies without leaving a will, they are said to have died ‘intestate’. In such a case, the court appoints a person to deal with the affairs and …
A person’s death usually needs to be registered within five days, this can be an especially difficult task during the mourning period. The following articles will help ease the process …
Step 1: Contact the Tax Office One of the first things that you have to do as the personal representative is to contact HM Revenues & Customs (HRMC) as soon …