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Probate & Administration of Estates
Our specialist
team is here to help and assist you through what can
be a difficult process at an upsetting and
distressing time.
We have a
number of experienced practitioners who deal with
clients in an understanding and sensitive manner,
making life a little easier for those who have
recently experienced a loss.
Hardmans have
been practising in the area of administration of
estates since the firm began around 1890.
Our work
involves dealing with all aspects of the
administration and winding up of estates, from small
ones to large complex estates.
Is it easy
to administer an estate?
There can be
many complex issues that arise during the
administration of an estate, which non-qualified
people may not appreciate. Complexities can
include:-
-
dealing
with the deceased's income and capital gains tax
affairs
-
dealing
with overseas assets
-
calculation
of inheritance tax, and apportioning liability
for payment between beneficiaries
-
dealing
with creditors of the estate
-
preparing
inheritance tax accounts and liaising with the
Revenue staff with regard to any enquiries
-
finding
missing beneficiaries
-
providing
tax certificates for beneficiaries
-
preparing
the Oath for Executors
-
preparing
comprehensive Estate Accounts at the end of the
process which provide a clear summary of the
administration
-
setting up
of and dealing with the administration of trusts
for minors, disabled people or specialist adult
trusts
Our specialist
knowledge and experience often means we can save
many clients thousands of pounds in inheritance tax
through the preparation of Deeds of Variation.
We can provide
advice and assistance to anyone considering an
inheritance tax claim, and in relation to the
validity of Wills.
Our team can
help you if you have lost a family member or friend
and no Will can be found. This process is called
"Intestacy" and a set procedure must be followed to
ascertain who must act as "Administrator" (like an
Executor but not appointed by Will) and to whom the
assets of the estate should pass. This can be a
difficult and sometimes upsetting process but our
knowledge and experience can help ease the process.
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