Deceased Estate Valuations
Properties are classified as a significant assets with the potential to be divided unfairly. The value of the property in question must be confirmed by an independent property valuer to determine the properties fair market value. Proceeding with a professional property valuer will ensure that there is a fair, accurate settlement, according to the terms of the Will. For a probate application, the property valuation will need to be retrospective to the date of death (DOD).
AT Vals TAS, our valuers are specialised in conducting property valuations for deceased estate purposes. If it is to determine a current market value, there will be an investigation into over 200 variables of the property, coupled with an in depth analysis of the local property market, which will determine its current value. If a valuation needs to be conducted in retrospect, a valuer will conduct an investigation into the property at that particular point in time and examine all evidence. The retrospective valuations are usually conducted at the DOD.
We understand that requiring a valuation for deceased estate purposes can be an overwhelming time for the client. An independent property valuation can assist in reaching a settlement, potentially preventing any situations escalating to family law court. Once the valuation report for deceased estate purposes has been finalised, this will be used by the executor of the Will to divide the deceased estate according to the Will. This is called Grant of Probate.
Why choose Vals TAS for deceased estate valuation?
Her at Vals TAS, our professional valuers have over 20 years’ experience within the property industry and are highly qualified to deliver exceptional independent property valuations. We are committed to ensuring the highest quality of customer service, approaching each valuation with compassion and competence to deliver a true and timely report for our clients. We pride ourselves on our outstanding customer service, reliability and precision with each individual client. Our valuation reports are legal documents which are based on evidence and facts regarding the property and are not subject to any bias.
If you require a property valuation for deceased estate purposes, or would like to learn more information about how we can help you, call our team of experts on (03) 6108 2178 and we will be happy to assist. Alternatively, complete one of our online enquiry forms and a member of the team will get back to you shortly.