Administration of Estates
Probate is the term used to describe the work that takes place in administering the estate of someone who has died. It includes applying to the Probate Registry for a Grant of Probate or Letters of Administration, discharging any debts and carrying out the instructions in the Will or under the intestacy rules to ensure that assets reach the correct beneficiaries.
We offer sympathetic, practical and professional help at every stage of the Administration of the deceased’s estate to include:
- The Interpretation of any Will
- Valuing the estate and completing an Inland Revenue Account
- Dealing with Agricultural and Business Assets
- Assessing the amount of Inheritance Tax due and arranging for its payment
- Ensuring the appropriate Tax reliefs are claimed
- Preparing Deeds of Variation to reduce the Inheritance Tax payable
- Completing final Tax returns
- Dealing with overseas lawyers where there are assets in other jurisdictions
- Administering Trusts set up under the Will
- Resolving disputes between the personal representatives and beneficiaries or even disputes between beneficiaries
Much can be done in the context of the administration of the estate to reduce or avoid the payment of tax through the timing of sales and through a Deed of Variation where appropriate.
Click here to read some commonly asked Questions and Answers about Probate.
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