Probate

If you are an executor of a Will, it is likely that you will need a Grant of Probate to deal with the administration of the estate. However, if the estate only has joint assets or bank accounts with less than £5,000 in them you may be able to deal with the estate without a grant. You are still responsible for dealing with any necessary inheritance tax reporting, even if a grant isn’t required.

Being a personal representative (executor or administrator) can be an onerous and time-consuming role (which is unpaid save for reasonably incurred out of pocket expenses). The role must be performed correctly to avoid HMRC penalties and claims by beneficiaries. Family pressures and divided loyalties can also cause problems.

We can offer advice and guidance at every step of the way on the procedures, reporting requirements, claiming all available reliefs and exemptions and post death tax planning.