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.
House Clearance Southport advises that having a Will is the only way to ensure your wishes are known, and it removes any ambiguity and confusion. If written professionally it virtually guarantees that your estate will pass to the people you choose.
House Clearance Bootle notes legal personal representatives will be responsible for deciding whether they need to deliver an Inland Revenue Account for an estate on death. If an Account is needed, they must provide full details of all gifts made within the seven years of the date of death. Legal personal representatives to deliver a full and proper Account by record kept of all gifts made.
House Clearance Wigan notes If your husband/wife was getting a War Pensions Constant Attendance Allowance at the time of their death or would have been had circumstances allowed (e.g. they were hospitalised) or they would have been entitled to the Allowance for a period of 26 weeks had they claimed.
House Clearance Crosby advises before doing anything rash, make sure that you collect as much evidence of probate fraud as possible. A common sign of probate fraud is a sudden change in the will, just before someone dies – make sure to collect any previous wills, codicils and notes. You may even need to look at the will of the deceased’s spouse or partner.
House Clearance Birkenhead gives the following example, Mr Smith owns a pair of vases. As a pair they are worth £1million, but a single vase is worth only £400,000. Mr Smith gives one of the vases to his son. The gift, for the purposes of inheritance tax, is not simply the £400,000 vase. Before the gift, Mr Smith’s estate included the pair of vases worth £1million. Afterwards he owned one vase worth £400,000. The value of the gift for inheritance tax is £600,000 (£1million less £400,000). This shows the ‘loss to Mr Smith’s estate’.
Creating an enduring (EPA) or continuing power of attorney may be a good idea if: the person has property and savings, and needs to plan for possibly becoming incapable of managing their own financial affairs because of old age or mental incapacity and the person understands what the document can do, and the person understands the potential risk that could result from giving someone else control over their finances; and the person has two trustworthy people to act as attorneys who can act jointly; and the family members and loved ones all agree actions to be taken in the best interests of the person. House Clearance Wirral would remind you this last point is important as bickering or other problems can be costly.
House clearance Bebington would like to remind you that If you have a lot of dealings with companies or individuals in currencies other than your home country’s currency, or spend a great deal of your time outside your home country, then you may need to have a lot of dealings with foreign exchange. A lot of private banks offer a specialised foreign exchange service to maximise the value of the funds being transferred from one currency to another, and to minimise the charges and taxes associated with financial transactions in foreign currencies.
House Clearance Rochdale would like to remind you that to administer an estate it is necessary to follow certain legal procedures. If the Will does not appoint a firm of solicitors as the executors or name them in the Will to deal with the estate, the personal representative is free to attend to the formalities but should be quite clear about what is involved.
House Clearance Tameside reminds you not to forget to deduct the expenses that you incurred as an executor from the residuary estate. You’re not allowed to deduct any payment for your services, but hopefully the person making the will was kind enough to leave a little gift as a thank you for all your hard work.
If the EPA permits the attorney to act for the donor while the donor is still mentally able to act for him/herself and if the donor wishes the attorney to do so, the attorney should show the EPA to banks, building societies or wherever the donor has assets to prove his/her authority to act on the donor’s behalf. You may wish to include in the EPA a request that the attorney(s) should regularly provide you with details of expenditure and income. House Clearance Trafford advises If the EPA is registered then the accounts could be sent to your solicitor, this would provide an extra level of security.
