Probate accounting and estate planning

We are pleased to be able to offer this service to our existing client base, as well as to new clients. We became authorised by the Institute of Chartered Accountants in England & Wales to carry out non-contentious probate and estate administration work in January 2016 and, since then, have provided proactive and supportive advice to a number of executors and administrators. With our expertise in all areas of accounts, tax and estate administration, you can have total confidence in us handling the whole process for you.

If you have found yourself appointed as the executor of an estate for a deceased friend or relative and are not sure what to do next or how to deal with your responsibilities, we can help. We provide a tailored service suited to your needs and are happy to either deal with the whole process on your behalf or, if you are keen to be involved and wish to keep fees down, we can work alongside you, giving you support and advice where needed.

For existing clients, we feel it’s important that we are in a position to help you and your extended family when an estate needs to be administered. In the case of your estate, we can provide Inheritance Tax advice and planning, and our cumulative knowledge of your affairs and wishes places us in a unique position of being able and qualified to help, should the need arise.

Our forensic accountancy skills are invaluable when bringing an estate to a timely and orderly conclusion.

Whilst carrying out any probate work, we’re always sensitive to your needs and emotions. You can be sure that we’ll treat your legal and financial affairs discreetly and in the strictest confidence, whilst taking the administrative burden away from you wherever possible.

In all aspects of our work as accountants and tax specialists, we pride ourselves on keeping you informed. This philosophy carries across to our probate and estate administration work. We are committed to ensuring that you – the executor – are given regular progress updates.

Our advice, support and assistance in this area typically includes:

  • Inheritance Tax Planning (IHT) and will advice (we do not prepare wills)
  • Estate administration
  • Supporting the executor or administrator
  • Dealing with notices
  • Finalising deceased’s tax liabilities up to death
  • Identifying beneficiaries
  • Obtaining and coordinating valuations
  • Considering IHT reliefs and exemptions
  • Probate procedures, including obtaining Grant of Probate
  • Preparing IHT returns
  • Collection of assets
  • Dealing with property
  • Distribution of assets

We can also act as professional executor where you wish for us to assist the family by assuming that role.

 

Conduct of probate work

Probate and estate administration work is bound by the same ethical code as all other work performed by ICAEW members.

You can rest assured that your probate affairs will be conducted properly. Our firm’s procedures must ensure that only an authorised person can undertake or control probate work and that we carry out sufficient CPD to maintain our competence levels (both David Hancock and Lucy Parry are “authorised persons”).

    Our fees

    We do not charge on the basis of a percentage of the estate as we do not believe this is an appropriate approach.

    Instead, we will quote hourly rates that you can approve up front. We provide a detailed monthly time and fees analysis so that you are always kept informed of fees and costs.

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    Find out more

    We offer a range of services to help you meet your business objectives. These are tailored to your individual circumstances and we’ll sit down with you to determine exactly what it is you need from us. 

    Personal tax

    From self-assessment tax returns to assisting with personal tax compliance issues, we can help.

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    Executors

    We can help executors and administrators obtain probate quickly and efficiently, and assist with the administration process of the estate.

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    Get in touch

    Browse our website for more information on the services we can offer you. Alternatively, get in touch to book a no-obligation initial meeting where David or Lucy will listen to your needs and offer advice on how we can help you further.