Our team of experts can deliver a specialist service from initial consultation through to distribution of inheritance to beneficiaries.
We keep our approach simple and clear and that applies to our costs too with our fixed fee service.
When someone dies, it is the responsibility of the executor named in the will (or the administrator under the intestacy rules) to deal with the estate.
The executor will need to inform the relevant companies and institutions of the death, secure the assets of the estate, notify the beneficiaries of the will and collate the information required for the probate application if necessary. Once the probate (or letters of administration if no will) has been obtained, the executor will need to cash in the assets, pay any liabilities and make payments to the beneficiaries.
As an executor you will need to ensure the will (or rules of intestacy) are applied correctly and that you have identified the correct beneficiaries. You must also ensure the correct legal documents are completed for the application for the grant as well as finalising the tax affairs of the estate. You also have a responsibility to the beneficiaries to ensure the assets of the estate are preserved and their full value achieved.
The process can be time consuming and sometimes complicated but our team of experts can help ease the burden by dealing with as much or as little of the administration as you want, all with a clear pricing structure.
Our lawyers’ recent experience includes:
Administration of a £1.9million estate, including negotiations with HMRC in relation to the inheritance tax due to include agricultural property relief, business property relief and charity exemptions. We liaised with the numerous charitable beneficiaries throughout the administration period. The team received support and assistance from Julian Field in our property department in relation to the transfer of the deceased’s property to the beneficiaries under the terms of the will.
Administration of a £1.5million estate, including negotiations with HMRC in relation to the inheritance tax due and advising as to a possible deed of variation for IHT planning for the beneficiaries. The team received support and assistance from Nick O’Hara in our property department in relation to the sale of the deceased’s property.