Post Death Assistance
If you have made a Will, you will have appointed Executors to carry out your wishes. Sometimes, particularly if you have appointed a partner/spouse or close family member, the reality of dealing with everything when they have lost a loved one can be too daunting. If you have found yourself in this position, we can help you through the process and also help with the costs of post-death administration.
BEING AN EXECUTOR IS A SIGNIFICANT ROLE there are a number of very important legal and financial responsibilities, some of these have strict time limits included. The responsibilities include the following:
- Completing and submitting tax returns, including calculation of Inheritance Tax
- Paying any tax due out of the estate is paid, meeting HMRC guidelines
- Review the estate for Capital Gains Tax
- Applying for a Grant of Probate
- Setting up any Trusts contained in the Wills where separate Trust arrangements might be necessary
- Collecting in all identified assets
- Selling Property, maintaining the property during sale period, plus clearing the property and dealing with all bills
- Distributing Assets according to the wishes contained in the Will.
- plus other duties
If you would like professional help with this work, we can put you in touch with our reputable, professional Partner, Kings Court Trust, who will be able to review your estate and advise on the costs of their services.
You can also name Kings Court Trust in your Will as your Executor, or joint Executor - this way you can provide your loved ones with the comfort of professional assistance that they can choose to use if they wish to (if Kings Court Trust are listed as joint Executor).
