When someone dies the Value of their Assets has to be Established
In many cases, when someone dies, the value of their assets has to be established. Probate is defined by the and financial processes that are involved with dealing with the money, possessions and property of a person that has died.
The process involves identifying the assets and liabilities of the person who has died, paying inheritance tax to the HMRC, liquidating the assets, settling the liability, preparing the estate accounts and distributing the assets. As a charted surveyor I can assist you with the property valuation, as required for submission to the Inland Revenue.
Property is often the largest single asset that any of us own in our lifetime, and if a valuation is required for presentation to the Inland Revenue, then this has to be undertaken and presented in the correct format.