The High Court has provided some useful guidelines on what is required for a person’s statements to be legally classed as ‘deathbed gifts’ in inheritance cases. The court was asked to determine the proper distribution of the estate of a married couple. The wife died in January 2019 of cancer and the husband died of
Administration of Estates
Dealing with the loss of a relative or friend can be very difficult and those left behind are usually also tasked with the role of administering the estate. Even if you have dealt with probate before, every estate is different and the work involved, as well as the potential legal issues, can vary enormously.
Talk to one of our friendly and experienced team on 01582 514000
Our Private Client team are compassionate and friendly while providing an efficient, professional service. We can conduct the entire process from start to finish or certain parts. For example, you may just want us to handle the application for Probate or Letters of Administration for you to undertake the rest of the administration.
It’s always sensible to seek advice from a legally qualified professional at least initially. We can advise on the validity and correct interpretation of the will or if there is no valid will, who benefits on intestacy and we may be able to identify legal issues you are unaware of. It is crucial that the estate is administered correctly and completely to avoid the risk of legal issues arising after the administration has been completed and a possible claim against the executors.
We are often able to save money for the estate, for example by:
- Ensuring the estate is valued properly and following the correct principles.
- Claiming all available tax exemptions and reliefs.
- Advising on post-death variations of the will or intestacy rules to redistribute the estate in a more tax-efficient manner.
- Formally appropriating assets to beneficiaries to maximise Capital Gains Tax reliefs.
Related Resources (View more resources)
Presentation slides from the webinar ‘Executors and Trustees – do you know what you are doing?’ which took place on Wednesday 7th April 2021
A Lasting Power of Attorney (LPA) is a legal document that lets you choose trusted people to act on your behalf and make decisions for you, if you are unable to do so yourself, due to mental or physical incapacity.
A Lasting Power of Attorney (LPA) is a document under which you can give authority to someone to make decisions on your behalf even after you have lost mental capacity. Read this helpful guide to understand the different types of LPAs.
There are a number of things to be done following the death of a relative or friend and many of them are straight-forward administrative tasks but they are all important.