Town or Country
Clearance
0800 988 3209
(Free from landline, chargeable from mobile) (please allow up to
15 seconds for connection)

alternative mobile 07768067433

EMAIL : dh@northernclearance.com
Please accept our sympathies if you have recently had a bereavement
The term Probate refers to the process by which the affairs of a deceased individual are settled.
Primarily, the probate process focuses on the distribution of the assets contained in the deceased estate.
Why have a valuation?

Unfortunately the HM Revenue and Customs (HMRC) expect all taxes to be paid - that includes those from deceased estates. Probate valuations
are required in order to provide the executors of a deceased estate with an accurate idea of the value of the contents of a property. It details all
items belonging to the deceased from basic household items such as kettles and furniture to ornamental items, jewellery, etc., and gives their
individual values.

This could help prove that further taxes ( ie inheritance tax) may not be payable.

A valuation is a useful tool in identifying items that have been specifically bequeathed for family members. It can help with determining the fair
split of remaining asset value between beneficiaries. Alternatively, the residual estate may be required to be sold and the Probate Valuation can
provide a good basis for negotiation if selling by private treaty or even considering auction.
Do I Need a Professional Valuation?

To some extent this depends on the size of the estate but since 2005 the need for an accurate Probate Valuation became more important as
HMRC insists more definitely that when determining the Value of Assets in a Deceased Estate the figure for Chattels ( this includes seemingly
minor things like basic household goods as well as Antique furniture, Jewelery, Silver, Pictures etc ) must be reasonably accurate.

Now a Probate valuation has to have an "Open Market Value" - that is the value it may have when being sold in a loosely described "mid - level"
second hand environment.

Executors and Beneficiaries are permitted to estimate the value themselves but the figure has to be as accurate as possible and HMRC can
question the figures and appoint Independent Valuers to reassess. If Antique Valuations are deemed to be sufficiently inaccurate, Estates can
be penalised by having fines levied against them, causing extra costs and delay for Beneficiaries.
Our Probate Valuation Service

Town or Country provide a prompt, efficient and compassionate service for executors. Our assessors have over 30 years experience and their
regular involvement in the market regularly updates their knowledge of values and trends.

We supply valuations for professionals such as law firms and bank executors. The information is supplied in the same format as that used by HM
Revenue and Customs and gives a valuation which will accurately reflect the items open market worth as it stood at the date of death. Where
there are items with nil value, because they don't comply with regulations etc, we will state this on the valuation.

In addition there will be a separate folder containing a brief description so each item can be identified, including details of any damage, or other
mitigating factors which may affect the valuation. Colour photos - (pictures help with the distribution of the estate), and a Glossary of terms.
How much does it cost?

The cost is a fixed £200.  The sum paid will be Refunded if we are commissioned to do a subsequent property clearance. We will happily provide
a free written binding quote in advance.
When can the valuation be done?

We always give valuations for deceased estates a priority ( within 48 hours) for the following reasons.

Security     -    an empty property is a risk and ideally expensive items should be removed as quickly as possible. We can also
arrange a speedy total contents clearance where there is a security risk.

Lack of Insurance     -    most normal contents insurance lapses shortly after the policyholders death.

Helping family members    -     the sooner the valuation documents are finalised the sooner assets can be divided fairly.
Please enter your details on the contact form or call 0800 9883209 to arrange a probate valuation
Our service does not end with the valuation.

Our reputation shows we offer a prompt, efficient and compassionate service for executors.

We supervise the provision of the services offered below, as our reputation depends on it. The client has only to deal with one contact and
receives only one invoice.

On request we can organise and supervise the safe delivery of bequeathed items.

We will identify more valuable items and ensure each item is placed where it will achieve the best price to maximise the benefit to the estate.
We will remove any items required to be sold and arrange their delivery to an auction house or specialist dealer.- ready for it to be placed on
the market.

We will give a written binding quote for and also undertake the complete clearance of all the residual items in the property.

Cleaning of the property ( by specialist teams ) ready for it to be placed on the market.

We can drain central heating and water tanks to prevent pipe bursts, or de-commission water services entirely. We can isolate all electrical
systems and change the locks thereby securing the premises. All important to protect a property likely to be empty for a while. To achieve this
we offer the services of a plumber, electrician, CORGI gas engineer, and locksmith.

We can organise a one off garden tidy up and even regular maintenance until the property is sold.

Our aim is to make the whole process as stress free as possible.
HQ Address

Unit 11, Home Farm
Wighill Park
Tadcaster
LS24 8BN
Town or Country
Clearance
0800 988 3209
(Free from landline, chargeable from mobile)
(please allow up to 15 seconds for connection)

alternative mobile 07768067433

EMAIL : dh@northernclearance.com
HQ Address

Unit 11, Home Farm
Wighill Park
Featherbed Lane
Tadcaster
LS24 8BN