Probate Valuation Of Chattels: Young children and inheritance

Jamie Murray

2023-01-28

Quality fast and reliable service with a cracking bunch of lads definitely recommended

Bill Mitchell

2021-09-14

Contracted this company to clear the flat of my deceased mother. Two young guys cleared EVERYTHING out of the rented property, including furniture, carpets, ornaments, white goods and food/household products, politely, efficiently, and respectfully. Excellent service.

Charles winter

2021-05-21

The guys from Northern House Clearance have just cleared a house for me in Scotland. The house was packed not only with a lifetimes worth of memories, but all the clutter that goes with it. Within 2 days it was emptied down to the floorboards. A great job from a good team of lads. Highly recommended.

Graeme hatton

2021-02-24

An excellent 5 star service. Firstly the compassion shown due to the circumstances which resulted in having to use their services, not just on the phone but by the team who arrived, on time, to perform the job. Above all a friendly attitude goes a long way in stressful times. Professional from the start to the end of the day and due to the amount of clutter a second day was needed. I could not believe how much was cleared in just one day, it was as if the clutter had it's own clutter to clear. Hope that I never need to use them again, but if I have to clear another property they will be the only people that I call. Highly recommend them. G.Hatton. Cheshire.

Lorna Hamilton

2021-02-05

Fantastic service. Highly recommend. The team was so helpful.

Richard Foster

2020-11-26

The guys from Northern house clearing cleared my deceased brothers house which was in a state. They were very discrete and great guys very understanding at such a sad time. Great job guys thank you.

Xiu Yun Chen

2020-11-25

This is a good company would highly recommend these guys. Very efficent and helpful.

Laura

2020-11-05

Highly recommended. From my initial enquiry I found them to be efficient and professional and was given an immediate quote. On the day the guys arrived promptly and were friendly, helpful and thorough. I would not hesitate to use this company again and I would recommend to others. I felt in good hands and I, m very happy with the service I received.

Ruth Lawrence

2020-08-22

The team arrived bang on time and began work immediately. They continued for five solid days and completed the entire clearance of my late uncles house, which was a case of extreme hoarding over many decades. They even removed carpets, curtains and swept up so the house was ready for sale. They were exeptionally hard working, polite and charged a reasonable price for this incredibly difficult job. Terrific service, absolutely recommended.

For those NOT requiring a full house contents valuations,
we suggest you use The Antique Appraisal Company.

All valuations are conducted in accordance with HMRC guidelines and fully guaranteed against rejection.

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 reason, you decide that your children should inherit at an even later age, you can do so by specifying it in your Will.

Any income generated by the trust fund has to go to the beneficiaries as soon as they reach 18 years of age. Aside from that, the Trustees can choose how the capital and/or income is to be used (e.g. tuition fees) as long as it is to the benefit of the children.

There are certain tax considerations that apply to trusts. If you have any trust arrangements, it would be in your best interests to review any applicable taxes for future planning.

Choosing guardians

If you are a parent and have children under the age of 18, it is worth considering who will be looking after them if anything were to happen to you and your partner. A guardian does not have to be appointed in the Will, but if you don’t then the Court will decide who will take care of your children. There are also some additional requirements if the parents are unmarried, separated or divorced.

Since either parent has the authority to appoint a guardian(s) upon their death, it is common for such appointments to take effect from the death of the second parent. Normally, for very young children – family members are appointed. For older children, family friends can also be appointed.

In most cases, it is best to have a maximum of two guardians, ideally couples instead of having many different guardians. The key consideration is a stable environment for the children, especially during the stressful ordeal of becoming orphaned.

The guardian essentially takes on the parental responsibilities, while the financial responsibilities usually fall under the role of the trustee. You should name any children under the age of 18 in your Will as beneficiaries. Any money that you leave for them will be held in a trust and your nominated guardians can apply to the trustees for any financial expenses required.

What if my circumstances change?

Getting married, either for the first time or re-married will automatically revoke any Will that you may have previously prepared. This applies in England, Wales and Northern Ireland. On the other hand, getting divorced does not necessarily cancel the Will, but anything that you left to your ex-spouse will become void unless specific instructions are laid out in the Will to the contrary.

It is recommended for married couples to each have a Will, even if the terms and conditions are exactly the same. You can make ‘Mirror Wills’ which essentially means two similar Wills for spouses or partners.

Laws for unmarried partners

Partners that are not married are not currently recognised by the laws of intestacy, therefore it is vital for unmarried partners to prepare Wills. The laws also do not currently recognise same-sex partners. There is however a provision under the Civil Partnership Act (2005) which allows for same-sex partners to gain legal status to be recognised as registered civil partners. This provision allows for same-sex couples to make claims under the Inheritance Act 1975. This applies to both opposite-sex and same-sex couples.

There are also amendments to the Intestacy provisions which recognise that if a partner dies, then the same sex partner will be treated under the same laws as a surviving spouse would (provided the civil partnership is formally registered).

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