Estate or probate proceedings:

One of the primary duties of an executor or administrator of a will is to value the entire Estates, including the deceased property. An executor will be required to provide an estimate of the total value of all the assets, so that tax liabilities can be correctly assessed. A probate property valuation report is also commonly used to help identify the fair market value of a deceased estate on behalf of the beneficiaries prior to realisation sale.
Deceased estates and probate property settlements can often cause disagreements amongst beneficiaries. Such properties are often targeted by opportunists during what is commonly a time of grief for the parties involved and is not until months or even years later that the beneficiaries learn the true value of the property. Fortunately probate valuations can be backdated to the date of death for those that feel an injustice has been done.
If you require an independent valuation of property involved in estate or probate proceedings MJM’s team of professional valuer's can help. Our experienced and expert valuers will ensure you receive a professional and reliable service during what can be a challenging process.
Valuer's are often called to provide expert testimony as to market values and property market conditions in all types of court and tribunal’s this is an extremely specialised field and is only undertaken by experienced valuer's with the necessary training and qualification, at MJM valuer's our valuers hold API Certification as Expert Witnesses.