Types of valuations

Probate Valuation

Our comprehensive probate valuation services assist with the intricacies of estate settlement. Probate valuation is an integral part of administering the estate of a deceased person, helping ascertain the value of their estate for legal purposes.

Why Probate Valuation Matters:

The period following the loss of a close friend or relative can be challenging for everyone involved.

The period after a close friend or relative's death can be difficult for everyone involved. We understand that a probate valuation might be the last thing on your mind, however, it is important because it helps:

• Enable HM Revenue and Customs Compliance*: Probate valuation enables HM Revenue and Customs to establish the correct amount of inheritance tax payable, if any, ensuring compliance with legal obligations.
• Asset Value and Equitable Division: It plays a crucial role in determining the appropriate value of assets, facilitating equitable division among beneficiaries.
• Executor Guidance: Our probate valuation services help identify items listed in the will, providing valuable guidance for the executors during the settlement process.
• Sensitive and Swift Service: Dealing with probate can be distressing, and we provide a service that is carried out sensitively and completed swiftly. We recognise the challenges you may face during this time and strive to make the probate valuation process as seamless and supportive as possible.

*These valuations will satisfy the requirements of Section 160 of the Inheritance Taxes Act, 1984.

Quotes will vary; however, all valuations will include a charge of £125.00 p/hour plus VAT @ 20% (plus associated travelling costs).

Open Market Appraisal

If you would like an appraisal for your items, but aren't looking to sell, you can request an open market appraisal. An open market appraisal is based on the current market value of the item. This appraisal determines an asset's value, as opposed to its price at retail. It offers an unbiased and realistic estimate of what something is likely to sell for if it were to be placed on the market.

An open market appraisal is valuable for individuals who want to understand the potential market value of their jewellery, watches, handbags, coins etc., whether for selling purposes, insurance coverage, or estate planning. It provides a realistic estimate based on the current conditions of the jewellery market. Keep in mind that this type of appraisal is distinct from a formal insurance appraisal, which may involve more detailed documentation and valuation for insurance purposes.

Quotes will vary; however, all valuations will include a charge of £125.00 p/hour plus VAT @ 20% (plus associated travelling costs).

Family Division Valuation

Navigating the sensitive terrain of family division demands a valuer who understands the intricacies of the process, providing a discreet and compassionate service while assessing the value of the couple's assets. This service is sometimes also known as a Divorce Asset Valuation.

Objective Assessment: Conducted by a qualified and impartial team of valuers who assess each piece on its merit. Our team understands the emotional significance attached to these items and approaches the assessment with sensitivity, recognising that each piece may carry sentimental value. This delicate balance between professional expertise and empathy ensures that the valuation process is not only accurate but also respectful of the emotional nuances involved in the division of family assets.

Fair Market Value: this type of valuation relies on the 'open market' approach to determine the true value of an asset, distinct from its retail price. This ensures that settlements are based on the current, realisable value rather than past purchase prices or insurance values, preventing disproportionate assessments.

Inventory: A comprehensive inventory is created, detailing descriptions and valuations for each item. This inventory can be used as a record in legal proceedings.

Equitable Distribution: The valuation forms the basis for the equitable distribution of assets, contributing to a fair settlement between divorcing parties.

Documentation: The valuation report becomes a pivotal document in divorce proceedings, offering a clear and documented assessment of the jewellery assets' value.

Our bespoke service can be tailored to include:

• A detailed written valuation
• Travel to any location
• House clearance
• Secure storage for more valuable items
• Arrangements for items to be sold at auction
• Disposal of items unsalable by law

Quotes will vary; however, all valuations will include a charge of £125.00 p/hour plus VAT @ 20% (plus associated travelling costs).

Authentication Reports

An authentication report provides a professional assessment of the authenticity, and, in some cases, the provenance of an item. These documents may also disclose any after-market customisation to branded watches, jewellery, or handbags.

It's important to note that an authentication report alone does not constitute a definitive financial statement.

Authenticity Assessment: The primary purpose of an authentication report is to verify the authenticity of an item.

Expert Examination: Trained specialists examine the item thoroughly. They may analyse factors such as the style, materials used, provenance, and historical context to determine whether the item is genuine.

Provenance Verification: Provenance refers to the documented history of ownership and the item's origin. Authentication reports often include efforts to verify and establish the provenance of the item.

Detailed Documentation: The authentication report typically includes a detailed description of the item, highlighting key features that contribute to its authenticity or lack thereof.

Quotes will vary; however, a typical charge per item is £70.00 + VAT.