In NSW Probate is a court order which gives consent for the executor to allocate Real Estate assets in agreement with the will. A formal valuation by a qualified valuer will help determine the value and ensure property assets are distributed fairly. To ensure the market value of property of the deceased estate is fair to all stakeholders an independent probate valuation is carried out with the date of valuation being the ‘date of death’.
Landlink will provide an accurate and timely valuation to make the distribution of a deceased estate less burdensome and efficient. We help to ensure a fair and non-bias opinion on the entitlements of each beneficiary to the deceased estate.
In circumstances where one might require their property to be used as security intended for the release of an individual on bail, a valuation is required to confirm how much the property is worth. The property may be owned by the accused or by a family member or friend. In whichever circumstance, this person is called the ‘surety’ and they reach an agreement to pay or forfeit a sum of money or property if the accused doesn’t show up to court when obligated.
The surety needs to prove the pertinent equity in that property exists after accounting for mortgages and additional debts so it is typically essential to provide a copy of the title deed and a current mortgage statement, in addition to the property valuation.
Matrimonial Settlements & Family Law Matters
When a relationship breaks down it is always a tough time. Even the most harmonious of separations are emotionally charged, and increase multifaceted queries about the future, particularly when property is involved. Matrimonial valuations are conducted when there is a separation of two parties through divorce / breakdown of a marriage / defacto arrangement. A valuation assists the litigation proceedings to remove any disagreements that might arise as to the current market value of the property. In some situations both parties might mutually agree to engage a sole valuer to act on their behalf, or respectively each party may independently engage a valuer to act wholly for them.