I.T.G. provide clear and accurate probate valuation & IHT valuations reports of house contents (Chattels) in accordance with HM Revenue and Customs guidelines.
I.T.G. probate or confirmation valuation provides a range of services to assist in the winding up of an estate. We provide our services to private individuals, solicitors, executors & administrators across the UK. Our aim is to make probate valuation as stress free as possible.
There is a certain set of steps that need to be followed the first few days after a person’s death. 1. Medical certificate: You will need to get a medical certificate signed by a doctor showing the cause of death.
2. Registering the death: Registration of death has to take place within 5 days of Read more [...]
A grant of probate is a legal document which confirms that the person appointed to administer the estate of a deceased person, known as the ‘executor’, has the authority to distribute their property, money and belongings, collectively known as their ‘assets’, as set out in their will. It therefore Read more [...]
What if you don’t want to be an executor of a will? A relative or a friend has died and has named you as the executor of their will. As such, you are the person who will need to apply for a grant of probate, which is an official document issued by the court and which allows you to administer the Read more [...]
The key responsibility of the executors is to identify and value the assets of the deceased at the date of the death, due to various reasons. First of all, the probate application calls for the value of the estate for inheritance tax purposes as well as in order to include on the probate itself. Values Read more [...]
When a family member, close friend or business associate passes away, it is a trying time for all concerned. Adding more weight to the grieving of a lost one, is when you must take care of the personal affairs of the deceased or resolve the administration of their estate. In some cases, an Inheritance Read more [...]
Although initially it may not be at the forefront of your mind when a loved one dies, making sure their financial life is in good order when their biological life ends is an important thing to remember. Unfortunately, debts are not written off when someone dies.
UK Probate Valuations Service. We provide Read more [...]
With so many tax consultants offering tax and financial advice, choosing the right consultant for your needs may seem like a daunting task. Finding the right consultant will not only reduce your tax liability it will also save you a great deal of stress and frustration.
UK Probate Valuations Service. Read more [...]
You may need to pay Capital Gains Tax when you sell certain assets, such as property, shares or other types of investments such as art collections, valuable antiques or other objects of inherent worth. A capital gain normally results after an asset or investment is sold, however capital gains can Read more [...]
The legal system in the Isle of Man is different to that of the United Kingdom, the system is known as Manx law. Although the terminology used by the Manx law is very similar to the one in the UK, English and Welsh banks would still insist on a probate being issued in England before they can release assets to the executors or personal representatives. Read more [...]
That’s according to expert June Fletcher, writing for the Wall Street Journal, who said that the duties assigned to an executor – such as arranging for a valuation report, property clearance and the will – can be “overwhelming”, particularly as the person in question will most likely be grieving at the same time. Read more [...]