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Probate & Matrimonial Valuations

Probate Valuations £99 + vat

What is probate?
If someone has died and left possessions and/or property over a certain amount (e.g. more than £20,000), a legal process known as probate has to be followed. It ends with the probate courts issuing a legal document known as a grant of probate to the Executor of the estate. It is this document that must be obtained before any property included in the deceased estate can be sold or let. If no will exists, then the person(s) responsible for applying for probate will be the Administrator entitled under the Intestacy Rules.

Do you always need probate to sell a property?
Not necessarily. If a property is owned as Joint Tenants this means upon the death of one of the joint tenants, the survivor will inherit the property in its entirety. Therefore you would not need probate for the property as the survivor automatically inherits the share of the deceased person.
Alternatively, if a property is owned as Tenants In Common, this means that the deceased’s share does not automatically pass to the survivor. Instead it will pass according to the terms of the will or the Intestacy rules when there is no will.

How long does it take to get probate or letters of administration?
The time it takes to get probate or letters of administration varies according to the circumstances. It may only take three to five weeks if there are no complications, inheritance tax is not payable, the estate is straightforward and all forms are filled in properly. However, in more complicated cases, it may take much longer.

Property Valuation
This is where Parkstone Estate Agents can help. We are a local, well established, professional Estate Agents with many years of experience in valuing all types of property for probate purposes. During what can be a very distressing time, you can rely on us to make the process of valuing a much loved property as trouble-free as possible.
Should you later decide to sell your property through Parkstone Estate Agents, the Valuation fee will be refunded in full when the property is sold.

Matrimonial Property Valuations £99 + vat
It’s a difficult time for both parties when a marriage/relationship ends and assets have to be valued and divided. The biggest asset, and the most emotional, is usually the marital home.
So, at a very trying time, a friendly, sympathetic local Estate Agent who knows the area well, would be the best to advise on the value of your property.
Parkstone Estate Agents would be an ideal choice as we are an independent, well established local Agent and can provide you with a professional valuation of your property. We will work equally for both parties concerned and will ensure that both are kept informed of the valuation appointment time and following that, we will provide written details of the valuation to both parties.
Should you decide to sell your property through Parkstone Estate Agents, the Valuation fee will be refunded in full when the property is sold.

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