Here at Clear It Out, we know how important it is to get things done as quickly and efficiently as possible when it comes to probate valuation. That’s why we’ve put together this guide to help you understand the process and what you can expect.
Probate Valuation
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Expert probate contents valuation service
Handling the legal and logistical aspects of probate can be a challenging task, especially in times of grief. That’s where we come – Clear It Out offers professional probate valuation services to support solicitors, executors, administrators, and individuals dealing with an estate. As a trusted and reputable choice for house contents valuation for probate cases, we have extensive experience in this complex area of law.
Our probate team understands the sensitive nature of these situations, and we are here to help ease your burden. We will handle all aspects of the probate valuation process with utmost care and sensitivity, ensuring everything is done according to legal requirements. Through our thorough contents valuation, we can assist in determining any outstanding debts and inheritance tax, which can then be paid through the sale of estate contents.
But don’t just take our word for it – we are proud to have been recommended, vetted, and monitored by Review.io. Our previous clients have rated our service as excellent, with an average rating of
4.98 out of 5. This is a testament to our commitment to providing top-notch probate valuation services.
Ready to get started? Get a free online quote for a probate valuation, or call us on 020 8050 5832 to speak with one of our experts. We are here to support you through this challenging time. Let Clear It Out handle the probate valuation process so you can focus on what matters most – honoring your loved one’s legacy.
We take care of everything
We know that the process of probate can be daunting, so we’ve put together some useful information to help you understand what to expect.
We’ll take you through the different stages of probate, from the initial valuation to the final distribution of assets, so you can be sure that you’re prepared for every eventuality.
We look forward to helping you through the probate process, and we hope that this guide has been of some use to you. Probate can be a difficult and confusing time, but with Clear It Out, you can be sure that everything will be taken care of.
What’s Included in a Probate Valuation?
At Clear It Out, we operate according to HMRC’s guidelines for probate valuations (Inheritance Tax Act 1984, Section 160). This means that we take into account the entire contents of the estate, including chattels, antique items, art and collectibles, coins and banknotes, and motor vehicles.
During our visit, our experienced probate team records the necessary photos and makes a written report of all applicable items. We then compile the evidence and conduct research to provide you with a true valuation of the estate.
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We’ll do everything we can to help
If you like, we can forward our findings to the estate executor or solicitors (if applicable). We keep both hard copies and digital copies for your convenience.
The valuation process can be complex, but our team will make it as straightforward as possible for you. We understand that this is likely to be a difficult time for you, and we’ll do everything we can to help.
If you prefer, we can connect you with private dealers and auction houses. Or we can even purchase some items from you directly or offset our services for them.
We know it can be challenging trying to price probate items appropriately, so we can assist you with that, as well.
Why Is Probate Important?
When you inherit an estate, you become responsible for its contents. Without an accurate valuation, you’re at risk of overpaying or underpaying inheritance tax.
You may also be liable for capital gains tax on any increase in value since the original owner’s death. This is why it’s so important to have a professional probate valuation carried out.
At Clear It Out, we understand the importance of getting things right. We’ll work with you to ensure that the valuation is as accurate as possible, so you can be sure that you’re not paying more tax than you need to.
Probate Valuation Prices
We base our fees for Probate Valuation in London on the size of the property. Below is our basic price list for probate valuation. Please note that prices are subject to change if the property is particularly cluttered or if independent specialists have to be consulted on specific items.
1 bed flat
From £245 + VAT
2 bed flat / house
From £295 + VAT
3 bed house
From £345 + VAT
4 bed house
From £395 + VAT
5 bed plus POA
From POA
FAQs
Typically, we allocate 1-2 hours for an on-site assessment. Then we need conduct thorough research and compile the valuation report as a PDF. Our goal is to deliver the PDF valuation to you within 3 days after the initial property visit.
Certainly, we recognize the occasional need for valuations for compliance purposes. We remain available to visit the property and conduct the valuation in such situations.
Our pricing for probate valuations is dependent on property size and the extent of research required. Typically, probate valuations start from £225 + VAT.
In what format are your valuation reports presented?
We have a specific template for our London Probate Valuations, delivered to you as a PDF. Hard copies can be provided upon request. Our format is easy to read and understand.
Indeed, we are able to assist with the sale of items identified during the initial valuation through our in house auction. This service can be part of a broader house clearance if necessary. Sundry services we offer include probate house clearance in London and cleaning in preparation for sale.
Yes, we undertake valuations regularly on behalf of many property and legal firms. Other firms that we have close relationships with include probate specialists and will writing companies.
Yes, this is a situation that we are regularly faced with, we often are asked to liaise with key holders to gain access to a property to offer a probate valuation service. Keys can be sent to our offices or we can collect from estate agents, solicitors etc. We can also arrange the sale of assets and house clearance in London further down the line.
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The more information we have about the clearance you require the better we can advise on cost timings etc. Information that would benefit us includes deadlines you are working to, is the property cluttered?, are the items within the property suitable for reuse or will they all need to be recycled/disposed of.