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.
To a spouse, except where the person is living in the UK and the spouse is living abroad (in which case the exemption may vary) or the gift or bequest is not immediately in favour of the spouse, or is dependent on a condition not satisfied within a year. However, surviving the donor of the bequest does not apply as an allowable exemption.
Luckily getting a trust is easier than it seems. All you have to do is go to an agency that provides trusts such as a trust company or bank, and they will help you through every step of the way. It is their job to make sure that the trust is set up exactly as you want it and to make sure that it is set up in the most beneficial way to you and your loved ones.
Stakeholder pensions are available from many financial institutions such as insurance companies, banks and building societies. Other organisations such as trade unions also offer stakeholder pensions to their members. House Clearance Merseyside notes If you are employed, your employer must provide access to a stakeholder pension unless the company is exempt from this requirement. There is no fee to switch stakeholder pension provider.
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.