Administering the estate of a loved one can be a large responsibility.  This is also a legal responsibility that could carry penalties if not conducted correctly and according to the law.  We can assist clients to the degree they wish with the administration of an estate. Our client is the personal representative (either the executor named in the will, if there is one; or the next of kin, if there is not). There is a strict legal framework of the next of kin, which must be adhered to when administering an estate.

We are able to advise upon the general procedure necessary in the administration, obtaining the grant of representation from the Probate Registry and the administration of the estate, or alternatively, provide the personal representative (the executor or next of kin) with an estimate at the outset for dealing with all of the above together with dealing with the receipt of funds, payment of bills and payment of beneficiaries (legatees and residuary beneficiaries), along with all other associated requirements, depending upon the individual circumstances. The estimate given at the outset will be reviewed as matters progress in case any problems or difficulties arise that may alter it.

We can deal with the administration of estates of all shapes and sizes: allotment owners; company secretaries; business people.

We are always available to answer queries or give updates on progress to clients as necessary. We do our best to speak and write in plain English and avoid legal jargon. If there is a property to be sold we can deal with it under one roof, with the minimum of disruption to the client and the net sale proceeds can then be transferred to be held within the estate.

At the conclusion of the matter estate accounts will be produced showing details of all funds received and paid out and the amount(s) available to the beneficiaries.
Within the administration of an estate these are some of the main points:

• Valuing all assets
• Preparation of Inland Revenue account ( if IHT payable)
• Preparation of papers leading to the grant;
• Swearing of papers by personal representative
• Lodging of papers with probate registry
• Receiving grant and lodging with all asset holders
• Receiving funds/transferring assets; and
• Paying liabilities

Note: Inheritance tax is presently payable in estates over £300,000
for deaths happening in 2007- 2008