Deceased Estate Property Valuers
After someone passes, their estate will be distributed between the beneficiaries of the estate. Before the estate can be distributed, Probate must be granted. Probate is the legal process that confirms the validity of a will and enables it to be distributed between the named beneficiaries. Before applying for Probate, although it’s not a legal requirement, the Probate office usually requires a professional valuation of the assets in the estate.
There are a few reasons a deceased estate may need to be valued; this includes having a report for court purposes if the beneficiaries disagree on the distribution of the estate. Some may require a valuation for tax or other obligations.
What is a Probate valuation?
A probate valuation is an estimate of the total value of the estate, including the deceased’s property. A probate valuation is a valuation of the fair market value of the estate. All of our deceased valuation reports can be used in court as they are sworn legal documents. They can also be backdated to a certain date if required.
Why do I need a Probate valuation?
Some deceased estate property settlements run smoothly however some lead to disagreements amongst the beneficiaries over the share of the estate that they have received. A probate valuation is an independent assessment of the value of the estate and can provide clarity for the estate’s beneficiaries. Getting a Probate valuation is helpful when it comes to calculating your tax obligations.
Why choose Valuations ACT?
Valuations ACT valuers are registered Certified Practising Valuers (CPVs) accredited by the Australian Property Institute (API), and many also hold AVI and RICS qualifications. With over 20 years of experience and access to top property information databases, our experts value your property using detailed comparable sale and rental data. This ensures that your valuation is accurate, reliable, and fully reflective of current market conditions.
Valuations ACT is one of the largest Australian valuation companies. We have a strong track record and we only employ valuers that have gained over a decade of local property valuation experience.
We approach Probate property valuations with professionalism and meticulousness so you can be assured that you’re getting your property valued by an authority in the Probate property valuation sector.
To discuss your property valuation needs, give us a call on (02) 6189 2232.