Probate lawyers are urging the government to introduce reforms to make it easier for families to access the ‘digital assets’ of deceased relatives. A new report carried out by STEP – the professional body for inheritance planning advisers – highlights the extent of the distress caused by being cut off from digital assets when family members
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 ‘Understanding inheritance and property – how to avoid disputes and claims’ which took place on Wednesday 7th July 2021.
Learn why you should write a will with Edward Gill and Radha Chauhan.
Presentation slides from the webinar ‘Wills and inheritance tax planning – putting the right protection in place’ which took place on Wednesday 2nd June 2021