Professionals like chartered surveyors specialise in valuing land and buildings for people’s estates. HM Revenue & Customs (HMRC) strongly recommend that you use a professional valuer because they’ll make sure the valuation is as accurate as possible.
What is Probate
When a person dies, someone has to deal with their affairs. This is called 'administering the estate'.
If the person who has died leaves a will
If the person who has died leaves a will, it will usually name one or more people to act as the executors of the will - that is, to administer their estate.
If you are named as an executor of a will you may need to apply for a grant of probate.
A grant of probate is an official document which the executors may need to administer the estate. It is issued by a section of the court known as the probate registry.
Unfortunately when a marriage breaks down, it is often necessary to arrive at a financial settlement between the two parties. Usually, the matrimonial home is the major or very significant asset and often one or other of the parties wishes to remain in the property. This means that its value has to be agreed.
A valuation for matrimonial purposes aims to provide a Market Valuation, which can be used to decide how joint property assets are divided between parties involved in divorce proceedings.
We can carry out valuations for either party to ensure that an equitable solution is arrived at. Alternately we can carry out an independent valuation for mediators or the Court, as we are often asked to do.
Please give our friendly staff a call on 01706 825096