Probate is the process needed to deal with a person’s estate (assets and liabilities) following a death so that their assets pass to their intended beneficiaries as detailed in their will or under the rules of intestacy where no will has been made.
We can assist you in collating all the information required to make the application for a grant of probate, completion and submission of the Inheritance Tax Account to HMRC and dealing with the administration of the estate following the grant. We will advise on tax implications of selling assets from the estate and will also deal with income and capital gains tax liabilities arising in the estate. We can administer the estate from start to finish to help relieve you of stress at a difficult time.
We provide regular updates throughout the process so that you are kept informed of progress and so the estate is dealt with as quickly and efficiently as possible.
There is a clear synergy between our probate and inheritance tax planning services meaning that we can assist you not only with the implementation of inheritance tax planning but also, be there to ensure it is effective at the point of death.
All the estates we administer will benefit from a tax efficiency review and this could lead to significant savings even if no planning was undertaking during lifetime.