The administration of an estate can be more complicated than simply closing bank accounts and selling property. Frequently, professional advice will be needed to ensure that liabilities are identified and settled, the correct amount of tax is calculated and paid and that the estate is distributed according to the deceased wishes. Occasionally, advice is required in relation to Deeds of Variation, which can be used to redirect an inheritance to a different beneficiary.
Additionally, it is important that those dealing with the estate protect themselves from claims which may be brought against the estate. This can happen if there are disappointed beneficiaries or unknown creditors.
What we do and where we specialise
Why is a Will so important?
A Will is likely to be the only document you ever sign which deals with absolutely everything you own. It is the document which passes all of your hard earned assets on to your family and other beneficiaries.
The increasing complexity of modern life means that Will planning has never been so important. Second marriages, blended families and large or intricate estates make the process of distributing assets after a loved one passes away extremely complicated if a proper Will was not created.
For those who do make a Will, but choose the quick ‘off the shelf’ or DIY option, problems can arise in the future. Important sections can be missed, resulting in loved ones not receiving gifts as intended, unnecessary tax liabilities, claims by disappointed beneficiaries and even challenges to the very validity of the Will itself.
Probate and estate administration
During this difficult time, if you would prefer not to deal with the administration yourself, we can manage all the paperwork and financial matters on your behalf in a sensitive and efficient manner.
Our knowledgeable Bereavement and Probate solicitors are experienced in handling all types of estates, from the administration of straightforward estates to complex matters involving businesses, investments or land and farms. We also have experience of advising on foreign assets and where the deceased was domiciled abroad. We can provide you with peace of mind that your loved one’s estate is properly distributed, legally and in accordance with their wishes.