A probate valuation, as conducted by a surveyor, is a valuation of property made for inheritance tax purposes as at the date of death.
The immediate period that follows the death of a relative or friend can, obviously, be extremely difficult. Thinking pragmatically can be hard, but is nonetheless, necessary.
The deceased’s affairs should be resolved as quickly as possible in order for all financial beneficiaries to receive their intended provision. A probate valuation is one of the first steps of this process.