Probate, the process of handling a person’s estate after their death, can be an emotionally challenging time.
During this process, you need professional financial support to help you understand what needs to be done.
Our team is on hand to support you through the probate process.
What support is there for probate?
Licensed by the ICAEW, we aim to provide probate support that understands finances.
Unlike a solicitor who is likely better placed to handle contentious probate, we specialise in financial considerations and can advise you accordingly.
This is especially useful when you want to consider how the inheritance you are receiving will impact your own estate.
We are able to help with a range of non-contentious estate administration services, including:
- Determining who the personal representatives and beneficiaries of the estate are
- Obtain valuations of business interests for inclusion within the estate summary
- Establishing if there is a valid Will in place
- Advising the personal representatives of their responsibilities and assisting them throughout the process
- Calculating Income Tax liability for the period up to the date of death and preparing/submitting any returns that may be required to agree this with HMRC
- Establishing the assets and liabilities included in the estate that are subject to Inheritance tax
- Preparing and submitting a grant of probate
- Providing guidance with settling the liabilities of the estate and distributing the assets to beneficiaries
- Drawing up estate accounts for the purposes of ensuring the estate has been administered correctly
- Calculate Inheritance Tax liabilities payable on estates, including maximising reliefs such as Business Property Relief, Agricultural Property Relief and Nil Rate Bands
- Advise on Inheritance Tax planning strategies, including deed of variations
- Next generation and succession planning
Our probate support is competitively priced and designed to help you manage the entire process.
Speak to our team today for expert probate support.
