VALUATIONS FOR PROBATE
Valuations for Probate
We also offer valuations for probate which is more of an indication of current value if the item was sold to a trader or even possibly sold for scrap purposes. Although the valuation will still be accurate the value will be a lot less than the replacement value offered by our Insurance Valuation Service. The purpose for this lower value is to offer a realistic selling value and not a replacement value in order to keep any Tax liability to a minimum when settling the estate of the deceased.
A probate valuation requires the same level of work and expertise as an insurance valuation even though the final value can be less than half that of an insurance valuation. For this reason our fees are slightly different in order to reflect this.
Our charge for our Probate Valuation Service is £20 which also covers the cost of producing the probate valuation + 3.2% commission. This basically equates to £52 for the 1st thousand and £32 per thousand thereafter.