Probate, Administration of Estates and Trusts.
- Sadly, everyone will experience the loss of a loved one at some point in their lives. This brings with it legal formalities in terms of administering the loved ones financial affairs and dealing with their estate in accordance with their Will or the law where there is no Will.
- It is at this time with our considerable experience and expertise we can guide you through all the formalities of arranging a funeral, applying for Probate, completing the Inland Revenue Account where necessary, collecting in the deceased assets and distributing the estate to the beneficiaries.
- We can calculate the Inheritance Tax liability of an estate and undertake all necessary correspondence with HM Revenue & Customs. This will leave you with the time to mourn the loss of the deceased without the worry associated with dealing with the legalities. If you are an individual or an unmarried couple with assets over the tax free allowance (currently £325,000) your Estate could pay 40% tax on the value of your Estate above this figure.
- As in other areas of our work we will tailor what we do to your requirements. If you want us to do everything then we will; but alternatively you may prefer that we only deal with the technical aspects of a probate application, and our fees would be adjusted accordingly.