It is human nature to think “it will never happen to me”, but it is a sad fact of life that an increasing number of us may, at some point, have a loved one that may go into a residential care home or require care and support in their own home. This may be due to illness, old age or perhaps as the result of personal injury or an accident, and it often happens at the most inconvenient of times.
Probate properties require specific valuation when they are included in an estate as HMRC will want to consider the inheritance tax position.
Whether a property is then sold for more than this probate valuation, repairs are carried out at the expense of the state, or property markets are in flux, our team at Giles Wilson can provide a tailored service to help you manage this important part of your loved one's estate.
Is the property insured whilst unoccupied? Do the beneficiaries want to let out the property, move in themselves or buy one another out? We consider all of this and more to help you as an Executor find the right path forward.
Experts in Dealing with Probate Properties
We can assist you in completing this important duty, offering comprehensive legal counsel as you carry out your loved one’s final wishes.
Featured Insights
The headlines around inheritance tax following the budget were noisy on how farmers will be affected, on pension pots and on the fact that there is no rise on the nil rate band in the near future. However, in the small print there is an important change: that is the amount of interest charged on unpaid tax liabilities.
Our Managing Partner Melinda Giles helps younger listeners understand the law around someone passing away in her appearance on the Kids Law podcast.
Awards & Recognitions
The expertise of our solicitors is regularly recognised by some of the profession’s most distinguished organisations. As well as being a member of a number of Law Society schemes, we have won awards at the Law Society Excellence Awards, the Halsbury Legal Awards and the Modern Law Awards.
We have also received recognition in the form of the Lexcel mark of quality, a Legal 500 listing and a place on the shortlist of The Lawyer’s Boutique Firm of the Year.
Our accolades
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- Leading law firm with more than 30 years’ experience
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