Here at London Auctions, 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.
Experienced Probate Valuers
Our team of experienced probate valuers will work with you to understand the unique circumstances of your case and provide you with an accurate valuation of the estate.
We understand the importance of getting things right, so you can be sure that we’ll take care of everything for you.
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 London Auctions, you can be sure that everything will be taken care of.
What’s Included in a Probate Valuation?
At London Auctions, 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 London Auctions, 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.
Ercol Day Bed
Folio Society Fairy Books
Bridget Riley Silkscreen
Do you do home visits for valuations?
Yes we are happy to come and and view larger collections in person in the London & Surrey areas.
Areas which we regularly visit include:
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Contact Us Today
If you have any questions about our probate valuation service, or if you need any help with the process, please don’t hesitate to contact us. Our team is always on hand to help, and we’ll be happy to answer any questions you have.