At the time of setting up your Prepaid Probate Plan. We will do the following. 

• Take your instructions.
• Complete an AML check on you.
• Store a new will in an offsite fire & waterproof document centre.(Please Note: You can use your existing will but this will either need to be updated or a codicil added to include us as joint executor and we would need to know the exact location of the master will).
• Create portal access for you to upload documents and modify your estate over time.
• Assess the nature, extent and value for inheritance tax purposes of the Assets of the Estate.
• Assess the nature, extent and value for inheritance tax purposes of the Liabilities of the Estate.
• Prepare current accounts of the present day estate.
• Provide you unlimited support over the phone 24 hours a day (excluding bank holidays)

When the time comes. Our fees cover everything from preparing your application and we will.

• Follow your given instructions.
• Complete an AML Check on your Executor
• Re-assess the nature, extent and value for inheritance tax purposes of the Assets of the Estate.
• Re-assess the nature, extent and value for inheritance tax purposes of the Liabilities of the Estate.
• Arrange any insurances for any property that needs to be safeguarded during the period of the administration.
• Engage with HMRC as to the valuations of assets or of liabilities contained within the data retrieved by us or supplied to us.
• Engage HMRC as to the basis of calculation of any past current or future liability to inheritance tax, triggered by the application for probate.
• The preparation of IHT205 or IHT 400 for HMRC along with any other required forms such as for allowances.
• Arrange estate finnace (if required) to pay any inheritance tax bill (Ensurinig the estate obtains a grant of probate).
• Engage with the Department of Works and Pensions regarding any liability of the Deceased arising from overpaid benefits or from the ineligibility of the deceased due to any oversight in providing full disclosure of capital or income.
• The preparation of the Statement of Truth or Legal Statement for the Probate Registry.
• Engage with charities and their designated officers on your behalf.
• Keeping joint executors updated by phone or email or another method of their choice.
• Procure the Grant of Probate.
• Collect in assets, closing accounts or discharging any liabilities of the estate.
• Arranging for final distribution among entitled beneficiaries.
• Preparing final estate accounts covering the period of administration of the estate.
• Provide joint executors unlimited support over the phone 24 hours a day (except bank holidays)
• Stop unwanted mail addressed to the deceased and safeguard against identity theft.

These are the tasks your existing Executor(s) will need to do.

• Let us know of your death.
• Obtain the required amount of certified copies of a death cetificate.
• Provide ID for an AML check
• Provide us with the master will, if you did not re-write your will with us or store it with us.
• Sign documents created by us, sent to them electronically, or by post if required.

And that is it.

The following are not covered by your Prepaid Probate Plan.

• Attending Inquests or liaising with the Coroner’s Service.
• Arranging funerals or cremation services.
• Authenticating or dealing with any problems arising from the form or content of any Will or Codicil with the Will (where the original is lost, destroyed, defaced or incomplete, or otherwise in a physical state giving rise to further query or investigation by the probate registry).(where the will is not written or held by us)
• Investigating or looking into any asset or liability data supplied by your client, their accountant or your financial adviser or any third party authorised by your client.
• Dealing with the sale or transfer of any property in the estate. (conveyancing and estate agents)
• Dealing with the purchase or transfer of assets between beneficiaries.
• Dealing with the sale or transfer of any property in the estate. (conveyancing)
• Estate planning for beneficiaries or their families.
• Preparing Deeds of Variation in respect of inheritance tax or capital gains tax.
• Preparing Income Tax returns for the Deceased or his estate or for beneficiaries.
• Administering any trusts created by the Deceased or by the Deceased’s Will.
• Challenging any assessment of residential care fees liability of the Deceased.
• Challenging the financial management of the Deceased’s funds by former attorneys or deputies.
• Arbitrating or mediating disputes between beneficiaries.
• Dealing with any claim or claims made against the estate (whether made by any third-party creditor or by any beneficiary or any claimant whether named in the Will or entitled by reason of the application of the rules of intestacy or otherwise).
• Published statutory notices in the London Gazette and local newspaper to protect your estate from challenges to the estate (See Extra Services)
• Disbursments such as the probate registry fee.