Probate & Estate Administration
Estate administration is the process of dealing with a person’s legal, financial and personal tax affairs after they have died.
It involves far more than obtaining a Grant of Probate which is just one element of the process. It means dealing with all their assets (such as property, shares and personal possessions), paying debts and any Inheritance Tax and Income Tax. Whatever is left in the estate is then transferred to the beneficiaries. Estate administration can be extremely complex and is required after every death, whether or not there is a Will.
In order to complete the estate administration process, there are a number of tasks that need to be carried out, including:
- notifying beneficiaries and dealing with their questions
- dealing with their home & the related insurance
- redirecting post and cancelling or transferring utilities
- dealing with any Income Tax liabilities
- advising on the distribution of assets to avoid or mitigate tax liabilities
- calculating and paying Inheritance Tax where relevant
- dealing with specialist legal work
These are just some of the tasks that are involved and every estate is different. While some people decide to administer the estate themselves, this can take a significant amount of time and effort; and it leaves them personally liable for any mistakes made during the process.
Whether their estate is simple or complex, the issues faced with the death of a loved one are rarely straightforward. That’s why Heir Tight Wills has partnered with Kings Court Trust, our preferred provider of estate administration, to deliver an estate administration service.
Most of us are not used to dealing with the complex requirements of estate administration, especially at a time when financial matters are the last thing on our minds. Kings Court Trust is one of the leading specialist estate administration service providers in the UK and, like us, they place their clients at the very heart of everything they do.Probate is the legal process of administering the estate of a person who has died, and transferring their assets to those entitled to them under their Will, or the Rules of Intestacy if there is no Will.
Kings Court Trust provide clients of Heir Tight Wills with a Free Probate Advice Line, to discuss what tasks need to be completed, and to provide a guaranteed, all-inclusive fixed price to carry out all the necessary work for you. Contact us for further advice today.
Contentious Probate – Will Disputes…
Sometimes it might appear that a Will is ‘just not right’.
There are a number of reasons for validly challenging a Will or contesting Probate, and Heir Tight Wills work in partnership with a selection of ‘Contentious Probate’ teams around the country who specialise in resolving disputes arising out of Wills, Estates & Trusts.
Contact Us for a free review of your situation, if you;
- believe a loved one’s Will is invalid or fraudulent
- believe someone has been unduly influenced into making a Will
- believe you have not been adequately provided for after a loved one died
- believe an Executor of a Will is behaving improperly
- have had a promise of inheritance broken
If you have any concerns that a Will is not valid, or you believe you have a valid case for challenging a Will or contesting Probate; contact us for further advice today.