In the unfortunate circumstance that you experience a bereavement, you may find that you are the executor to a will which includes property assets and will need a probate valuation. It is at this point that you will have the difficult task of requesting a probate valuation report. In these cases, an independent RICS regulated surveyor is strongly recommended by the HMRC, in order to make an unbiased and professional evaluation of the property.
It should be noted, however, that you will be required to provide the date of death, name of deceased and proof that you are the executor of the will, at the time of instruction. If you fail to request a valuer who meets the above criteria, you run the risk of overvaluing your property and leaving yourself subject to inheritance tax.
Once you have determined an accurate value, you will then be able to more effectively divide the estate between the remaining inheritors.
If you are thinking about requesting a valuation for any of the purposes listed in this article, and require expert advice regarding the process, please get in touch and one of our friendly and expert sales team will be happy to discuss this with you. Allow us to assist with this burden by instantly booking one of our valuations. Give us a call on 01249 444465 or drop us an email via firstname.lastname@example.org
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