Probate & Estate Administration
Dealing with the death of a loved one is never easy. In many cases, executors of a Will simply find the process too complicated or emotionally difficult. Others don’t want to make a costly mistake, particularly if inheritance tax, a property, or a business is involved. Some families, close knit or otherwise, would rather bring in someone independent to ensure that the estate is dealt with properly.
Estate administration can include valuing each asset as at date of death, completing and filling an Inheritance Tax Account, settlement of inheritance tax, applying for the Grant of Probate or Grant of Letters of Administration, issuing Trustee Act Notices, identifying beneficiaries, undertaking bankruptcy searches, reporting to HM Revenue & Customs in relation to income tax during the administration period, obtaining clearance from HM Revenue & Customs, completing an Estate Account and making distribution of the estate assets.
In some cases if there is no Will it is necessary to instruct a probate genealogist to identify the rightful heirs to the estate.
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