Probate Valuations
At ECOHDS Surveyors, we understand that dealing with the estate of a loved one can be an emotional and challenging time. Our Probate Valuation services are designed to provide you with accurate and professional valuations of property assets, ensuring you have the essential information needed for inheritance tax assessments and estate management.
What Is a Probate Valuation?
A Probate Valuation is a formal assessment of the value of a property or land owned by the deceased. This valuation is essential for:
- Inheritance tax (IHT) purposes, as required by HMRC.
- Accurate distribution of the estate to beneficiaries.
- Facilitating the sale of the property, if necessary.
Our RICS-accredited surveyors ensure that the valuation complies with all legal requirements, providing you with a comprehensive report that reflects the market value of the property at the time of death.
Why Choose ECOHDS Surveyors for Your Probate Valuation?
RICS-Compliant Valuations
We provide valuations that are fully compliant with RICS standards and HMRC requirements, ensuring the probate process is handled with accuracy and professionalism.Compassionate and Discreet Service
We understand that this is a difficult time, and our team is committed to delivering our services with compassion, discretion, and sensitivity to your situation.Timely Reports
We know that probate matters often involve time-sensitive processes, so we aim to provide swift yet thorough valuations, typically delivering the report within a few days of inspection.Expert Guidance
Beyond delivering a valuation, our experienced team can provide guidance on how the valuation may affect inheritance tax calculations and estate division, ensuring you are well-informed throughout the process.
The Probate Valuation Process
Initial Consultation
We will discuss the specific requirements of your probate case and gather all necessary details about the property.Property Inspection
Our surveyor will visit the property to conduct a thorough inspection, taking into account factors such as property condition, size, location, and market conditions at the time of death.Valuation Report
You will receive a detailed valuation report that outlines the property’s value, ensuring it meets HMRC standards for probate and inheritance tax purposes.Ongoing Support
We can provide ongoing advice if required, whether you need assistance with inheritance tax calculations or preparing the property for sale.
When Do You Need a Probate Valuation?
- Inheritance Tax Calculations: If the value of the estate exceeds the inheritance tax threshold, you will need a probate valuation to submit to HMRC.
- Distribution of Assets: Accurate property valuations are necessary to ensure a fair and equitable division of the estate among beneficiaries.
- Estate Sale: If the property is to be sold, a probate valuation helps establish a fair market price for the sale.
Contact Us Today
For professional, accurate, and compassionate Probate Valuations, trust ECOHDS Surveyors to provide the service and support you need during this sensitive time. Contact us today to schedule your valuation or to discuss your specific requirements.