Administration of an Estate
Dealing with bereavement can be very difficult. Additionally Executors or Administrators may find themselves having to sort out the estate of a family member or friend.
They have to arrange the funeral, go through personal papers to find out what assets and debts there may be, apply to the Probate Registry and deal with beneficiaries and other family members. Being an Executor or Administrator of an estate can be an onerous and stressful task.
Our specialist Probate team can help by advising you about what to do and deal with the entire estate on your behalf in a sympathetic and professional manner.
Please contact us to discuss the various levels of our services and how we might be able to help you.
Matters dealt with include:
- Advising on and interpreting the Will, or advising on the intestacy provisions where there is no Will.
- Advising on the impact of Inheritance Tax on the estate.
- Identifing and obtaining valuations of the various assets.
- Obtaining Grants of Probate (if there is a Will).
- Obtaining Grants of Letters of Administration (if there is no Will)
- Preparation of and advice on Inheritance Tax returns and ensuring that the correct amount of Inheritance Tax is paid within the deadline so that you do not incur financial penalties
- Dealing with the administration of an estate including claiming all of the assets belonging to the estate (including any foreign assets) and paying any debts promptly.
- Dealing with the distribution of the assets to the beneficiaries in accordance with the terms of a Will, or the Intestacy Laws.
- Preparation of Estate Accounts.
- Post death arrangements (for example to reduce Inheritance Tax that may otherwise be payable).
