We appreciate that the loss of a loved one is an emotional and stressful time and we offer sympathetic support and advice in dealing with the complexities involved in administering an estate which can become overwhelming during this difficult period.
Dealing with Estates
Probate is the term generally used to describe the process of administering someone’s estate when they die. It may be necessary to obtain a Grant of Probate (where there is a Will) or Grant of Letters of Administration (where there is no Will) in order to administer the estate and deal with the assets. A Grant of Probate is an order of the court which gives one or more people the legal authority to enable their estate to be collected in and divided between their beneficiaries. We can also help with probate disputes.
Our Lawyers are particularly experienced in administering large or complex estates as well as straightforward estates, dealing with all Probate and Inheritance Tax matters and tax affairs of the deceased for the period up to the date of death and also during the administration period.
A probate lawyer can also advise beneficiaries on a Deed of Variation, an opportunity to vary their inheritance, 'generation skipping' for the protection of the beneficiary or his or her family against Inheritance Tax.
Our Lawyers are particularly experienced in dealing with all Probate and Inheritance Tax matters and tax affairs of the deceased for the period up to the date of death and also during the administration period.
If you have received an inheritance from an estate which you wish to redirect to another beneficiary then provided this is completed within two years of the date of death, then a Deed of Variation may be suitable in your circumstances.
Usually, if you make a gift during your lifetime but die within seven years of the date of the gift then the value of the gift is added to your estate for Inheritance Tax purposes. By completing a Deed of Variation the gift is treated as a gift from the estate of the deceased and as a result may have tax advantages for both Inheritance Tax and Capital Gains Tax purposes. If you are considering making a gift after receiving an inheritance, please contact our Private Client team as soon as possible for further advice.
Our Solicitors have the expertise to offer advice in respect of foreign assets and estates and are able to administer such estates including liaising with foreign lawyers and resealing Grants of Probate in England and Wales if necessary.
Estates may often include foreign assets which may complicate dealing with the administration of the estate but we are able to offer support and advice in dealing with the encashment, sale or transfer of assets in foreign jurisdictions.
We Work with You
Contact a member of our Private Client team now for further advice in securing the future of your family. Or call into your local office.