In the case of a 78 years old deceased person living in social/sheltered housing & having no property ownership, but with cash /savings assets of £100,000 and chattels of about £7,000 is the family/friend as executor of the will obliged to employ a RICS accredited valuation of the CHATTELS for the process of Probate / IHT?
The chattels are standard household appliances, furniture, electronic goods, curtains & clothing etc and do not include any valuable jewellery, antiques, pictures or specified items for insurance purposes.
Alternatively, could the executor value & list all items (some by ref to Ebay etc) and/or indicated by purchase receipts if available?.
If all clothing and miscellaneous kitchen ware, nik naks etc, is gifted to a charity shop, does their value have to be assessed?
Guidance will be most appreciated.