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What is a Probate Valuation?
A deceased estate valuation involves determining the market value of a deceased person’s assets as at the date of death. This valuation is crucial for a range of legal and financial purposes, including probate proceedings, asset distribution, tax assessments, and ensuring that beneficiaries receive their fair entitlements.
When a loved one passes away, it is the responsibility of the executor (or administrator) of a will to value the entire estate, including the deceased’s real property. They must provide an accurate estimate of the total asset value to ensure tax obligations and beneficiary entitlements are fairly distributed.
The Supreme Court requires a Certified Practicing Valuer to provide the executor with an accurate valuation of the deceased's property portfolio as at the date of death in order to successfully grant probate (or letters of administration).
What Information We Require
For Guardian to provide you with an accurate Deceased Estate valuation, we'll need the following key pieces of information:
1. Valuation Date - the official date of death of the deceased individual
2. Supporting Documentation - including the probate application, deceased's will, and property details
Why Choose Guardian Property Valuers?
We understand that there are often disagreements amongst beneficiaries, along with targeted entitlements during a time of grief for the related parties. That's why Guardian is here to assist you in assessing the retrospective value of the estate's assets.
We retain complete independence and are non-biased, whilst providing industry leading turnaround time (1 business day post inspection). Further to this, our reports are 100% compliant with the Supreme Court of Australia, thus increasing your chances of a successful probate grant in court.
FCFCOA Compliant
Mario had purchased an investment property from his father, Eli.
The Revenue Office required Mario to engage a property valuer because the transaction occurred between related parties.
Mario's conveyancer (being a committed referral partner of ours) required an urgent Stamp Duty valuation as the sale contract was nearing its settlement date.
With no hassle, Guardian was able to turnaround the Stamp Duty valuation on the same day in a seamless fashion.
As a result, Mario was satisfied with our Stamp Duty assessment and his conveyancer was able to commit to Mario's needs in a timely fashion.
