Also referred to as Inheritance Tax.
This is a very important area of our service. It involves the appraisal of chattels to satisfy the requirements of probate law. As with insurance valuations we prepare a detailed inventory and valuation enumerating all items of importance and any specific bequests.
Typically a valuer will visit the property and list all items with a value in excess of £500. In addition any items below this level but still of saleable value will be recorded. An abbreviated valuation will be produced in line with section 160 of the 1984 Inheritance Act as well as a more detailed report for the executors.
In the event of executors or beneficiaries wishing to dispose of some or all of the chattels involved in an estate, then Gorringe’s provides a complete sales service. We will arrange collection of the pieces concerned, ensure their inclusion in the appropriate sale or sales, advise on reserves where necessary and ensure a rapid settlement.
Contact Gorringe’s Valuation Department