How we administer the estate for you

Our Probate service has been developed to relieve the burden for our clients at what we recognise is a difficult time. When instructed we can provide a full range of services from dealing with complete administration of an estate on behalf of Executors or Administrators to simply advising on or assisting with any specific aspect of the estate which might be causing difficulties. When acting in administration of an estate we are able to :-

  • determine assets and liabilities of the deceased by contacting banks, insurance companies, pension administrators and other relevant organizations together with known creditors in order to obtain confirmation of the assets and liabilities of the deceased;
  • obtain, where necessary, up to date valuations of assets as at date of death;
  • when appropriate, place statutory advertisements giving notice to creditors;
  • contact Council Tax authorities, water rate and other utility providers to notify of death and finalize accounts when the deceased lived alone;
  • communicate with beneficiaries and advise them of their entitlements under the Will or on intestacy;

  • provide advice in relation to the Inheritance Tax aspects of the estate and prepare the necessary Inheritance Act forms for submission to HM Revenue & Customs including calculation of any Inheritance Tax due and advice about arrangement of bridging finance to pay the tax where necessary;
  • make application for a Grant of Probate or of Letters of Administration;
  • following issue of the Grant collect in the deceased’s savings and assets and arrange payment of the funeral expenses and other liabilities of the estate including any taxes remaining due;
  • oversee the sale of any property belonging to the deceased in consultation with the Executors and beneficiaries;
  • pass over specific legacies made by the deceased to appropriate beneficiaries having whenever possible made interim distributions to beneficiaries;
  • after assets have been realized and liabilities settled distribute the remainder of the estate in accordance with the terms of the deceased’s Will or the laws of intestacy;
  • provide advice about continuing trusts which might arise from the deceased’s Will or as a result of the laws of intestacy, for example, where beneficiaries include children under the age of 18;
  • provide advice about Deeds of Variation which might (within two years of date of death) enable the terms of the deceased’s Will to be changed by agreement;

 

Our Estate specialists will be happy to answer any questions you may have. If you would like to learn more about our services or arrange a meeting please contact us.