Often an inheritance tax valuation is called a probate report.
Valuing the estate of someone who has died is one of the first things to do if you're acting as the executor or personal representative for that estate. You normally can't get access to the assets in the estate until you've received a grant of probate (or confirmation in Scotland).
You need to know the estate's worth to fill in the probate application forms and show whether or not Inheritance Tax is due.
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