Personal possessions are part of the estate and have to be valued, though most of them are worth far less than families expect.
What this covers
Ordinary household contents are valued at what they would fetch second hand, which is usually a modest figure. Items that need separate attention are jewellery, art, antiques, collections and vehicles.
Common questions
Do I need a valuer for ordinary furniture?
Usually not. Executors can give a reasonable estimate of open market value for ordinary contents. Individual items of real value should be valued professionally.
