When a loved one passes away, one of the most important steps in administering their estate is determining the value of their property. This is where a probate valuation comes in.
At Cockrams Surveyors, Chartered Building Surveyors and Valuers based in Cornwall, we provide professional probate valuations to ensure executors, beneficiaries, and solicitors have accurate, independent advice.
What Is a Probate Valuation?
A probate valuation is a formal assessment of a property’s market value at the date of death. It is used for inheritance tax purposes, estate accounts, and legal documentation.
Unlike a mortgage valuation, which is focused on lending security, a probate valuation is independent and comprehensive.
Why a Probate Valuation Is Important
Probate valuations are essential to:
- Determine accurate inheritance tax liability
- Provide clarity for executors and beneficiaries
- Ensure legal compliance with HMRC
How Probate Valuations Work in Cornwall
Cornwall has a diverse housing stock, from historic stone cottages and farmhouses to modern coastal properties. Local knowledge is crucial when valuing property here because factors such as location, construction type, and coastal exposure can significantly impact value.
Our surveyors take these factors into account to provide accurate and defensible valuations.
After the Valuation
Once the valuation is complete, Cockrams Surveyors provides a detailed report that can be used for HMRC submissions, legal purposes, and estate accounts.
Why Choose Cockrams Surveyors in Cornwall?
As local, Cornwall-based Chartered Surveyors, we offer:
- Extensive knowledge of Cornish property types
- RICS-compliant probate valuations
- Clear, professional reporting
- Guidance throughout the probate process
A probate valuation is a critical step in managing an estate correctly. With Cockrams Surveyors, you can ensure the process is handled accurately, professionally, and with local expertise specific to Cornwall.
If you require a property to be valued for probate or inheritance purposes, please call our friendly team on 01872 277230 to discuss and obtain a no-obligation quotation, or email info@cockrams-surveyors.co.uk.
