What the Chattel?

Published: 31 May 2018

According the Society of Will Writers (of which Cotswold are members) "Most people collect a lot of ‘stuff’ over the course of their lives. Some valuable in real monetary terms, and some valuable from a sentimental perspective. Much of these personal possessions fall under the definition of ‘personal chattels’. Personal chattels are defined by s55(1)(x) of the Administration of Estates 1925 as amended by the Inheritance and Trustees’ Powers Act 2014. This definition broadly covers all ‘tangible moveable property’ other than property used solely or mainly for business purposes or held as an investment". Read your options when it comes to dealing with personal chattels here. https://www.willwriters.com/blog/dealing-with-personal-chattels/