Probate and Insurance Valuations

Executors and solicitors acting for a deceased estate often need an independent probate valuation of art, antiques, and other personal effects to assess Inheritance Tax (IHT) liability with HM Revenue & Customs (HMRC).

Tayler & Fletcher works directly with executors to value chattels for IHT assessment, in compliance with Section 160 of the Inheritance Tax Act 1984. Our estate valuations list art, antiques, jewellery, and general house contents, and are compiled by specialist art and antique valuers. All reports are HMRC compliant and prepared discreetly.

We also advise executors and trustees on Capital Gains Tax and provide guidance on sale at auction or by private treaty, with professional support throughout the estate administration process.

Our fees are agreed before any work begins.

Draft Probate Valuation Report

Our draft reports include clear, accurate descriptions to help identify items. This can assist executors and beneficiaries with queries regarding Family Division or codicils (amendments to a will).

Final Probate Valuation Report

The final report lists relevant chattels at market value and includes a final statement summary and an inheritance tax valuation certificate. It is professionally bound and ready for presentation to HMRC, with photographs of high-value items and additional copies available on request.

All valuations and records are stored securely and confidentially.

It is essential to have an up-to-date valuation of your contents and valuables to ensure you are fully covered in the event of a claim. Being underinsured means that should a claim be made, any payout may not cover the full value of the items lost or damaged. On the other hand, overvalued items could lead to higher premiums and potential disputes should a claim occur.

Full Insurance Valuations

We offer a comprehensive Insurance Valuation service to ensure all your valuable personal possessions are adequately insured.

One of our experienced art and antique valuers will visit your property to create a detailed inventory of your art, antiques, and other valuables. Our valuation reports are fully illustrated and list your possessions room by room, including art, antiques, jewellery, and general contents.

Our valuation documents come with room-by-room photographs and are bound in a hard copy for your records.

Fees

Our fees are charged by the hour and are not based on the value of the property. Please contact us for more details.

We provide valuations of art, antiques, jewellery, and other possessions for the purposes of Family Division. These valuations help with the equitable distribution of chattels between family members.

Our valuation experts offer a discreet and professional service, providing a range of values or an agreed-upon figure, as appropriate.

It is common to receive joint instructions from solicitors, and valuations can be tailored to meet all necessary requirements.

Fees are agreed upon before any work begins.