The purpose of a Probate Valuation is to ascertain the total value of the assets held in the estate of the deceased. It will show whether or not inheritance tax (IHT) will be payable on the estate and if so, how much will be charged.
In these days many matrimonial valuations are now carried out by a Chartered Surveyor jointly appointed by both parties in the divorce with an independent valuation report provided for, and to, the Court. A valuation can also be carried out for the benefit of single parties for negotiation purposes.
You’ll need a valuation from a RICS registered valuer for a judge to decide how to distribute your assets in accordance with the law.
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