Probate Full Estate Administration
Are you too busy to deal with the full administration of an Estate? Our friendly experts will work on your case to obtain a certified grant of probate and calculate any income or inheritance tax liabilities where appropriate and deal with all the estate management, such as dealing with banks and distributing monies to beneficiaries. Where you wish us to. Holding funds in a client account.
Dealing with full estate administration on the behalf of executors, is far more complicated and time-consuming than just a grant-only service that we also offer.
Probate Full Estate Administration
Are you too busy to deal with the full administration of an Estate? Our friendly experts will work on your case to obtain a certified grant of probate and calculate any income or inheritance tax liabilities where appropriate and deal with all the estate management, such as dealing with banks and distributing monies to beneficiaries. Where you wish us to. Holding funds in a client account.
Dealing with full estate administration on the behalf of executors, is far more complicated and time-consuming than just a grant-only service that we also offer.
SIMPLE ADMINISTRATION
Where There is No Inheritance Tax To Pay-
This price usually applies if:
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All assets are in the UK
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Total estate value under £325,000 (No Inheritance Tax To Pay)
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Gifts of no more than £150,000 were given in last 7 years
COMPLEX ADMINISTRATION
Where there is likelyhood that there is Inheritance Tax To Pay-
This price usually applies if:
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There are overseas assets worth more than £100,000
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Total estate value is over £325,000 (posibility of inheritance tax)
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Gifts worth more than £150,000 were given in the last 7 years
Get an instant online quote for probate full administration
Types of Probate Cases We Deal With
Pursuant to the “Inheritance Tax Act 1984” and “The Non-Contentious Probate (Amendment) Rules 2020”
What’s included?
Our fees cover everything from preparing your application
- Taking your instructions.
- Liaising with asset holders on your behalf.
- Assessing the nature, extent and value for inheritance tax purposes of the Assets of the Estate.
- Assessing the nature, extent and value for inheritance tax purposes of the Liabilities of the Estate.
- Arranging any insurances for any property that needs to be safeguarded during the period of the administration.
- Engaging with HMRC as to the valuations of assets or of liabilities contained within the data retrieved by us or supplied to us.
- Engaging HMRC as to the basis of calculation of any past current or future liability to inheritance tax, capital gains tax, income tax or any other taxes triggered by the application for probate.
- The preparation of IHT205 or IHT 400 for HMRC.
- Engaging 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 for the Probate Registry.
- Engaging with charities and their designated officers on your behalf.
- Keeping you updated by phone or email or another method of your choice.
- Procuring the Grant of Probate or Grant of Letters of Administration.
- Collecting 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.
- Providing you unlimited support over the phone from Monday to Friday, 7am to 11pm and weekends from 9am to 5pm.
- Stop unwanted mail addressed to the deceased and safeguard against identity theft.
What isn’t included?
- 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).
- Investigating or looking into any asset or liability data supplied by you, your accountant or your financial adviser or any third party authorised by you.
- Dealing with the purchase or transfer of assets between beneficiaries.
- Dealing with the sale or transfer of any property in the estate. Prices starting from (£499 extra)
- 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 you from challenges to the estate (See Estate Administration Services)
- Probate Registry Fee +£273
- £1.50 for each extra certified copy of the grant or probate.
- Obtaining and reviewing Spouse Previous Probate +£50
Compare Our Full Administration v Solicitors
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Non Taxable Timescales
Taxable Timescales
We would normally expect a non-taxable estate to be completed within 6-12 months of the date of your instructions to us (provided we receive all documentation required to
carry out your instructions).
However, this timescale cannot be guaranteed as it is often difficult to assess immediately or at the outset of a matter and with definitive accuracy how long any administration will take as this depends on several factors such as:
The complexity of the asset portfolio.
The number of properties in the estate.
The number of beneficiaries and whether they get on.
Whether there is any claim being made against the estate by agencies such as HMRC, the DWP and third-party creditors
Whether there is any claim being made against the estate by charities who seek to contest their removal from any final will.
Whether there is any claim being made against the estate by a disappointed or overlooked beneficiary.
PROBATE CUSTOMER REVIEWS
Appointments
- 5th Floor 167 169 Great Portland Street Marylebone London W1W 5PF
- email@probatespecialistltd.co.uk
- 0207 965 7568
- 0844 884 8509
