House Contents Valuations | Grant of Confirmation

In Scotland, the laws and procedures pertaining to probate are significantly different from the rest of the United Kingdom.

In the case of a person’s death, all their assets including bank and building society accounts are automatically frozen; this is regardless of whether they left a will or not.

UK Probate Valuations Service. We provide guaranteed house contents valuations for probate.

I.T.G specialize in valuing personal house contents possessions, we 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.

For executors who are not familiar with probate valuations and the process of obtaining probate, we have compiled a list of Probate Valuation FAQs | Probate Valuation Customer Comments | Probate Valuation FAQs | Probate Valuation Guarantee

In the case that the person left a will, the Executors appointed in the will have to apply to the Commissary Department of the Sheriff Court local to the area in which the deceased resided at the time of death for a document called “The Grant of Confirmation”, which is the Scottish equivalent of probate. The document allows the appointed Executors to administer all of the deceased’s property and assets.

It should be noted that in Scotland, male Executors are referred to as Executor-datives, and females as Executrix-datives.

When applying for the grant, the Executors will have to provide a valuation of the deceased’s assets. Confirmation will not be granted until all or part of the applicable Inheritance Tax has been settled.

Once Confirmation is granted, the Executors will be able to unfreeze the assets and distribute them in accordance to the wishes set out by the deceased in the Will.

When is confirmation not required?

In some cases the wealth of the deceased can be distributed immediately. The Executors would not require Confirmation, if the deceased’s assets were held in joint names with their spouse, or if the person’s bank or building society allows to withdraw and distribute the money without seeing the Grant of Confirmation. Normally, that would only be the case if the total value of the estate is less than £30,000.

Valuation of the Estate

Normally, it is advisable to appoint a solicitor when dealing with large or complicated estate. However, certain details of the deceased’s property can be collected by the Executor, these include but not are limited to:

Buildings, houses, land
Cars, motorcycles
Savings accounts
Life insurance policies
Personal possessions
Jewellery
Any other item which is valuable and can be transferred to another person

Assets and items that the deceased has given away in the last seven years of their life must also be taken into account during valuation. The liabilities in this category may include:

Outstanding mortgage
Outstanding bills
Funeral expenses can also be included in this category.

Similar Posts:

House Contents Valuations | Changing Your Executor
House Contents Valuer | Applying for Confirmation in Scotland
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