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, I can help you understand the process and also put you in touch with a reputable, professional, fixed-price Probate and Estate Administration company.
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 and registering with TRS (if applicable) 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
