PROBATE AND MATRIMONIAL 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.
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
For further information contact:
Alistair Douglas MRICS