The Executor’s Guide to Probate Valuations in Norwich and Norfolk: Why Accuracy Matters

When you are appointed as an executor, the weight of responsibility can feel heavy—especially when it comes to dealing with the HM Revenue & Customs (HMRC). One of the most critical steps in the probate process is providing an accurate probate valuation of the deceased's "chattels" (house contents and personal effects).

In Norwich and across Norfolk, Mander Auctions is the trusted choice for executors and solicitors who need more than just a "rough estimate." As a RICS (Royal Institution of Chartered Surveyors) Chartered Valuer, our valuers provide formal, legally compliant valuations that protect you and the estate.

What is a "Section 160" Valuation?

Under Section 160 of the Inheritance Tax Act 1984, assets must be valued at the price they would reasonably fetch if sold on the open market at the date of death. This isn’t the same as an insurance value (which is often higher) or a quick guess.

If an estate is likely to be subject to Inheritance Tax, HMRC requires a professional standard of reporting. Our RICS-accredited surveyors ensure your documents are "Red Book" compliant, significantly reducing the risk of your figures being challenged.

The £1,500 Rule

By law, individual items worth £1,500 or more must be specifically identified and valued in your probate application. Because our team has decades of experience in the antiques and fine art world, we are experts at spotting those "hidden gems"—from a rare piece of jewellery to a specific piece of mid-century furniture—that might otherwise be overlooked.

Why Choose Mander Auctions?

1. Fixed & Fair Pricing: We pride ourselves on being the most cost-effective professional service in the region. Our standard contents valuations start from just £150 + VAT. The vast majority of our clients only pay this.

2. Speed & Efficiency: We know that probate can be a long process. We guarantee to deliver your formal valuation document within 9 working days of our visit.

3. End-to-End Service: Once probate is granted, we can assist with the next steps—whether that’s selling items through our Norwich saleroom or providing a full, professional house clearance.

   
   

Peace of Mind for Executors

Using a RICS-accredited firm provides a "shield" for executors. It demonstrates that you have taken reasonable care to fulfill your legal duties, protecting you from potential personal liability or family disputes over asset values.

Want to Learn More or Book a Probate Valuation? Or if you just want a quick, confidential chat about the process and your options call our probate valuations team in Norwich on 01603 854225.