Probate Valuation Of Chattels: Arranging A Funeral
The person who makes the arrangements with the funeral director may be considered to have entered into a binding contract, and become responsible for the cost, even if they are …
Probate Valuation Of House Contents
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.
Probate Valuation Of Chattels: Being able to make decisions – mental capacity
Many of the arrangements described in this article may only be used where someone no longer has the mental capacity to make decisions for themselves. When does this happen? Older …
Probate Valuation Of Chattels: Planning and paying for a funeral in advance
Many people wish to plan their funerals in advance, and to know that they have set aside the money to pay for them. Planning A letter can be left with …
Probate Valuation Of Chattels: Third party mandate/joint accounts
This can be used by someone who is mentally capable but is unable to carry out a particular transaction – for example, the person may be physically unable to visit …
Probate Valuation Of Chattels: Power of Attorney (ordinary)
People may need, at some time during their life, to appoint someone to act for them and a Power of Attorney provides the ‘donee’ or ‘attorney’ – the person appointed …
Probate Valuation Of Chattels: Reasons for making a Will
There are many valid reasons for writing a Will. For starters, you can choose who inherits your possessions, money and other property too. If you die without a Will, the …
Probate Valuation Of Chattels: How To Make A Will
In many cases, having a badly prepared Will – or a Will that’s out of date is worse than not having a Will in the first place. A Will full …
Probate Valuation Of Chattels: Young children and inheritance
The age at which a person can inherit is 18. For any underage beneficiaries, the funds have to be held in Trust until they reach that age. If for any …
Probate Valuation Of Chattels: Deeds Of Variation & Inheritance Tax
Any changes that occur as a result of a Deed of Variation are treated as having been made by the deceased, not the beneficiary (the one that gave up his/her …
Probate Valuation Of Chattels: Deeds Of Variation
Saving Inheritance Tax either immediately or upon the beneficiary’s death. For those who inherit and are already wealthy, the gift could mean a second lot of Inheritance Tax payable upon death. Therefore many would prefer to pass on the gift to someone who is in need of it and does not already have an IHT to pay. If the beneficiary inherits and then transfers the gift to someone else without a Deed of Variation, then there will be further IHT to pay if they die within 7 years.