Probate and Estate Administration refers to dealing with the estate of someone who has died. In many cases this may be complex and time-consuming. It may involve completing a comprehensive Inheritance Tax return and applying for a Grant of Probate. A Grant of Probate is the legal document, issued by the Court, which gives legal authority to the executors of the Will to cash in assets such as bank accounts and shares and to sell property.
If there is no Will the estate must be dealt with in accordance with the intestacy rules and we can advise and assist with this.
We have many years of experience in dealing with estates, including knowing how best to claim the available Inheritance Tax reliefs to save significant amounts of tax.
We can provide a service tailored to your needs, providing as much or as little support as you wish. This could involve:
- Completing the Inheritance Tax return and applying for a Grant of Probate on your behalf and leaving you to deal with the remainder of the administration
- A full estate administration to remove the burden and stress from you. This would involve verifying the assets in the estate and their values, completing the Inheritance Tax return and claiming tax reliefs, arranging payment of Inheritance Tax, applying for a Grant of Probate, cashing in assets or transferring them to beneficiaries, making sure Income Tax and Capital Gains Tax have been paid, arranging distribution of the estate in accordance with the Will and producing comprehensive estate accounts.
- We will discuss with you at an initial meeting the estate and what is required to administer it
- You can then decide how much help you would like from us
- We would complete the Inheritance Tax return and would apply for a Grant of Probate
- If instructed to administer the estate we would then cash in the assets or transfer them to beneficiaries and arrange the sale of a property. We would arrange payment of tax from the estate and of any other liabilities. We would deal with the distribution of the estate to the beneficiaries and produce estate accounts for approval by the executors.
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