Probate and estate administration
The death of a family member can be a very stressful time and our policy is to provide useful help and advice to make the process as simple as possible.
With the exception of very straightforward estates it is necessary for a grant of probate to be obtained before an individual’s estate can be distributed to those entitled to receive it. Our staff have the range of skills necessary to administer the estate fully and can either deal with the whole administration process on behalf of the executors, or provide help and assistance to support the executors in performing their duties.
Our service includes:
- Notifying organisations of the death and collating information to determine the value of assets and liabilities as at the date of death
- Preparation of tax returns to the date of death and during the administration period
- Preparation of any final business accounts and business valuations
- Preparation of the inheritance tax account, IHT returns and the probate application form
- Applying for Probate
- Preparation of the estate accounts
- Advising on any potential tax reliefs or ways to mitigate tax liabilities
- Assisting with the payment of liabilities
- Assisting with the distribution of the estate to the beneficiaries
- Assisting beneficiaries, including trustees of any trusts created by the deceased, with their reporting requirements
There are many factors that need to be considered when administering an estate. Where we have been an individual’s accountant for a number of years we will generally have a good understanding of the extent of their assets and we are happy to take on new clients where we have not been their accountant as we are licensed for Probate services enabling us to offer all aspects of the service including the application for Probate itself. This enables us to provide a fast and cost-effective service, making us a very viable alternative to other providers.
Simpkins Edwards LLP is licensed to carry out the reserved legal activity of non-contentious probate in England and Wales by the Institute of Chartered Accountants in England and Wales. Details of our probate accreditation can be viewed at icaew.com/probate under reference number C002500802.