Probate Valuation Of Chattels: Types of Grant Probate
There are different types of grant probate depending on where in the country you are located. As a basic guideline, for any estate worth over £5,000, the executor will need …
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.
There are different types of grant probate depending on where in the country you are located. As a basic guideline, for any estate worth over £5,000, the executor will need …
After a person’s death, it can be difficult to address such stressful matters such as debts or liabilities, especially if the death is unexpected. Most people do not want to …
As an executor named on a will left by a testator (person who wrote the will), you will be called upon to administer that person’s estate after their passing. Since …
Immediately after someone dies and before you begin the actual probate process, it is a good idea to take priority of some initial tasks first. This will make your role …
If you are appointed as the executor or administrator of an estate upon a person’s death, you will soon be faced with the task of carrying out probate. Depending on …
One of the most important pieces of document that needs to be obtained for probate is the death certificate. Many institutions will require to see the document before you can …
It is crucial to have a detailed account of any outstanding bills and debts in the name of the deceased, as this is a requisite for probate. This is also …
Valuating chattels (items of movable personal property) have the potential to be either a goldmine or a minefield, even for a seasoned professional valuator. An item that was sold for …
Capital Gains Tax on sales after death One of the first questions that the HMRC might raise when dealing with an estate on which Inheritance Tax is payable, is whether …
Chattels sold at auction The person valuating the chattels has two main responsibilities. First, is to correctly identify and catalogue the item being sold. This is to make sure that …