Approved Antiques Valuers for Probate, Inheritance Tax, Insurance, Fire and Flood Replacement Purposes
Malcolm Green, founder of Green and Cockburn Antique Restoration, has now retired from restoration leaving future projects to his son, Myles Green. Malcolm now runs a valuation business with his extensive knowledge behind him, on his new new website at...
Malcolm is an extremely competent and experienced antiques expert. He has worked as a valuer, restorer and consultant for the BBC on the antiques restoration roadshow and other antique orientated programmes. He has also been valuing and restoring antiques and fine art independently for over 45 years.
Malcolm has also restored and valued many antique items for museums, embassies and stately homes. He can be contacted on the above website.
A client had requested that a painting be included in a probate valuation we undertook on their behalf. After the probate had been settled, they were considering its sale through a particular auction which had offered a lowly price for the painting. It was on our advice that this painting be submitted to a more appropriate auction with the new valuation of £20,000 to £30,000. The painting actually made £39,000. Below you can see the painting in question.
The End of The Day by Frederick Hall (1860-1948)
We can help inform you on how to proceed with your probate valuation. It is important not to sell any of the items prior to the probate declaration having been valued and settled with the HMRC first please click here to access our valuations website
Apply for probate (Form PA1) yourself with a PA1 application form
By applying for a probate and filling in the application for PA1 yourself you can save high solicitors fees. However, this needs to be undertaken with careful guidance.
In section 4.2 of the form it asks of you to list the assets of the deceased party. This section does not invite you to put down the values to what you think the items are worth, but the items that have been valued by an expert witness, and included in a documented declaration.
A lot of the clients that phone us do not seem to be aware that the deceased's contents needs to be declared, and that this declaration needs to be made in relation to chattels, items of merit and white goods. This declaration needs to made from a room to room basis. If the items are of great value or of considerable merit, then the executors of the estate should not act as an expert witness to value these items.
If certain items are sold off prior to the probate been settled, HMRC might conclude that these items have been sold simply to avoid adding them into the declaration. As we are often undertaking retrospective valuations for certain parties that have failed to declare contents according to HMRC specifications.
Our aim as valuers is simply to lower the price of the items within the estate to the best possible amount, and to instruct the executor of the estate the best way to proceed. When we are undertaking this valuation process we always provide photographic auction or retail database proof of the low figures acquired in the declaration.
Probate valuations or valuations undertaken for inheritance tax purposes are our speciality. We have been valuing antiques and contents, as well as advising our clients for over 45 years. We are fully aware of all the pitfalls and can advise willingly on the best way to proceed.
We can also advise the client after the probate is settled on the best way to dispose of the items via auction house or dealer.
Our probate valuations are backed up with hyperlinks which point to the auction databases proving the low prices given on items of merit.
Valuation for insurance replacement purposes.
We conduct valuation for insurance replacement purposes in a highly professional and informed manner. Items of real value and merit are backed up with photographs and hyperlinks to a dealer, retailer or auction house to prove the authenticity and value of the item.
A William De Morgan ruby lustre dish
Below you can see an example of a William De Morgan dish and a William De Morgan charger which had been valued at £3,000 each. Malcolm was contacted by a client who said they had two plates that they wished to sell and wanted a secondary valuation, which we estimated to be somewhere in the region of £15,000.
On his advice, these items were sold at auction and between them they achieved £21,200.00.
This dish sold for £7,200
A William De Morgan 'Sunset and Moonlight Suite' charger
This bowl or charger sold for £14,000
Fire damage advice.
After a fire it can sometimes seem impossible that the items could possibly be restored. We can advise accordingly on how they can be restored, as well as advice given freely on how much the item is worth.
If the item is to be written off we can confirm the value of the item and prove this valuation via hyperlink to a reputable antiques retailer.
On restoration or valuations after the event (retrospective valuations)
Sometimes after a flood, fire or burglary, certain items are no longer around for a client to claim on. We have had excellent success in talking to insurance companies on the client's behalf in relation to the value of the item after a discussion with the client via photographs etc.
Valuation on flood damage.
After a flood, we understand that items may appear to be unrecoverable but this is not always the case, as many items can be restored particularly if they are of an antique nature. Many antique items were made using recoverable glues from hoof and horn, and whilst these glues will separate in water they can certainly be re-applied after drying out. Traditional shellac polishes also are recoverable.
In the unfortunate event that an item is beyond repair, we can advise and conduct on your behalf a settlement with the insurance company.
Valuation after a burglary.
We understand that experiencing a burglary is an extremely stressful experience, and that there are many things to do besides claiming on your missing or damaged items.
We can advise you on how to proceed, and direct you to the right organisations that will support you in finding your items besides the police. There are many organisations that can work on your behalf to find your items through the fine Art Loss Register and the British Antique Furniture Restorers Association, LAPDA etc.
If your items are not able to be recovered we can value your items retrospectively.
We can also help by valuing antique and valuable items when passing them on within the family, or perhaps you simply need to know how much they're worth.
We have been working with and advising claimants and insurance companies for the last 45 years on the best way to proceed.
We can assist you in the most complicated and difficult circumstances, as well as advise you on the best way to conduct your valuation.
Bereavement or house clearance - what do you do?
When there is a death in the family, or a family member has been placed into care, there is often uncertainty as to the value of the contents in the home and whether they may be of merit. It is advisable to avoid contacting house clearing companies, as they will invariably charge to take it away, and will often contact businesses such as ours to have your items valued to sell. Our advise over the phone is free, please contact Malcolm on www.antiques-valuations.co.uk
If one has been left as the executor of an estate it can be difficult on knowing how to proceed. Malcolm can offer advice and guidance in relation to making a declaration for inheritance tax purposes.
Malcolm can also advise on any necessary procedures that can be expected of you by the inheritance tax office and how to follow the best procedure and save as much money as possible. Please see the HMRC guidelines.
On occasion, we may find that the contents within a property have little to no value. This is still considered as a declaration of worth which is necessary by law.
The current threshold on paying inheritance tax is £325,000. Once the contents within the property are valued, you will be better aware of where you stand financially.
If there is anything of value within the contents of the property, Malcolm can direct you through the correct procedure to maintain the highest value of the item, and provide advise on how to sell if you do so wish.
We also take on retrospective valuations. This is a slightly complicated process, as photographs or other forms of proof regardless of whether the items are missing, stolen or damaged, must be provided.
We fortunately have a positive record of successful clients. After restoring and valuing antiques for over 45 years, it is possible to tell from a photograph the age and value of an item. Again, this service is provided through our secondary business website at www.antiques-valuations.co.uk
After valuing such an item with the provided evidence, additional proof of its value will be given by using a hyperlink to the acquired antique premises or retailer. This is so that one may be able to prove the most recent value of the item to hopefully gain recompense.
Insurance valuations required before not after a disasterous event
A proper valuation of your antiques prior to needing to make an insurance claim will ensure the claim is processed accurately and fairly. Malcolm has have found it necessary to have comprehensive photographs of valued antiques, geo-tagged to their location and each individual item of merit recorded, accurately described and linked to a similar item in an online database so a realistic value can be proven.
All antique items are indexed linked with your insurance company i.e. he is able to project what the item will be worth in later years, taking into account inflation. Items are valued at provincial auction prices as of IHIA 1984s 160.
Below you can see a typical call out regarding damaged antique items after a fire which apparently was caused by squirrels eating through electrical cables.
Malcolm is also used by insurance companies and loss adjusters as a detailed valuer to help the insurance company and the claimant to assess the damage correctly.
Malcolm has also undertaken quite a lot of valuation work for the restoration roadshow with Eric Knowles on behalf of the BBC and is a member of the restoration team.
Valuation of extremely damaged items
Antiques that have been damaged by fire or water are rather hard for the average valuer to comprehend, but as Malcolm has been restoring antiques for many years now retired from a profession but has been used to seeing things in an extremely damaged state, therefore valuing them in this condition is the norm.
Below you can see two very fire damaged chairs after our instruction the clients received the insurance money for these chairs they were restored by us back to their original value of £5000 each.
Fire and flood damage - Phone us before your insurance company
Phone us prior to contacting your insurance company, otherwise it is possible that your fine antique items may be passed on to one of the businesses employed by insurance companies who clean carpets etc as cheaply as possible. Malcolm can liaise with the insurance company on your behalf so as to maintain the value and integrity of your antique item.
After many years in the business we are used to dealing with relevant police forces in tracing lost items, he also have a vast database to compare your item. We are experienced in assisting our clients with insurance claims.
Investment in Antiques
In these troubled times of recession people are investing in antiques more and more. We have found that pre Victorian items are generally on the increase in particular 18th and 17th-century long case clocks, which people are finding have a much better investment than putting their money in the bank.
Malcolm is willing to provide advice on any antique item purchase, with a view to investment.
Malcolm is an approved Antique Valuer to tax office standards and is often asked by auction houses, the general public and insurance companies to value single antique pieces or whole estates. Advice is given on probate or valuation matters.
For further advice on the valuation of antiques and fine art across the spectrum please see our sister site www.antiques-valuations.co.uk where Malcolm Green is the prime valuations expert.
He is completely unbiased with hisvaluation processes as he is not affiliated to any one auction or dealer therefore he can advise you where to acquire the best price for your items.
When we are valuing for probate or inheritance tax he will prove the value of the item as low as possible with a photographic hyperlink to a database, to prove its value and when we are valuing for insurance replacement he will do the same to prove the highest price in terms of replacement.
Why use www.antiques-valuations.co.uk
Making sure your items are valued correctly is very important. By using Malcolm you can be sure that you have somebody who is knowledgeable across the valuation spectrum.
If you employ a major auction house they will have an art expert a furniture expert and a china or porcelain expert who will charge individually for their skill.
Malcolm is competent in all valuation aspects with one charge that is competitive enough for us to be used by major auction houses on a freelance basis.
Malcolm is often used by clients to view at auction on their behalf to evaluate an item and then report back to its authenticity and value.
Looking for an insurance valuation for your antiques - contact
Tel : 01462 790646 www.antiques-valuations.co.uk