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PROBATE AND MATRIMONIAL VALUATIONS

PROBATE VALUATIONS

The purpose of a Probate Valuation is to ascertain the total value of the assets held in the estate of the deceased.

A Probate Valuation will show whether or not inheritance tax (IHT) will be payable on the estate and if so, how much will be charged. This can be hugely important as it may have a significant impact on the eventual sums passed to beneficiaries.

Probate Valuations are usually instructed by a solicitor, however they can also be commissioned privately.

MATRIMONIAL VALUATIONS

In these days of high divorce and separation rates, it is usually necessary for matrimonial houses or shared property to be valued to decide upon how the assets will be shared.

Following the "Woolf" Report, many matrimonial valuations are now carried out by a Chartered Surveyor jointly appointed by both parties in the divorce with an independent valuation report provided for, and to, the Court.

A valuation can also be carried out for the benefit of single parties for negotiation purposes.

For further information contact:

Alistair Douglas MRICS
07908 789883
a.douglas@ajpsurveyors.co.uk