Administration advice for owners of estates
The administration of an estate is usually split into two phases – up to the issue of the grant of probate and post grant.
How can Wrigleys advise you on estate administration?
Wrigleys deal with estates of any size and with all, or any, part of the administration. The two stages of the process, both of which we offer expert advice on, are as follows:
Grant of Probate
Before the Grant of Probate is issued the following needs to be dealt with:
- Collecting details of the assets and liabilities in the estate.
- Preparing the inheritance tax returns and application for probate.
- Arranging payment of any inheritance tax.
Post-grant
After probate the following needs to be dealt with:
- Collecting in assets and paying debts and expenses. This can include transferring assets to beneficiaries.
- Dealing with questions from HMRC.
- Dealing with income tax and capital gains tax arising during the administration of the estate.
- Preparing estate accounts and making distributions to the beneficiaries.
For further information, you can download our Probate & Estate Administration brochure.
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Legal 500 (2023)
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