Probate (Estate Administration)

What’s Involved?

Obtaining a Grant of Probate (Confirmation in Scotland) is just one element of the process. It also requires dealing with all your assets such as:

  • property, shares and personal possessions
  • paying debts
  • paying any Inheritance Tax and Income Tax.

Whatever is left in the estate is then transferred to the beneficiaries.

Estate administration can be extremely complex and is required after every death, whether or not there is a Will.

The Estate Administration Process

In order to complete the estate administration process, a number of tasks need to be carried out, including:

  • Notifying beneficiaries and dealing with their questions
  • Redirecting post and cancelling or transferring utilities
  • Dealing with any Income Tax liabilities
  • Advising on the distribution of assets to avoid or mitigate tax liabilities
  • Calculating and paying Inheritance Tax where relevant
  • Dealing with specialist legal worksferred to the beneficiaries. Estate administration can be extremely complex and is required after every death, whether or not there is a Will.

These are just some of the tasks that are involved and every estate is different.

While some people decide to administer the estate themselves, this can take a significant amount of time and effort; and it leaves them personally liable for any mistakes made during the process.

Keylu – For you, For them, For Ever

Keylu is an online life management platform that helps you to capture, organise and securely store everything that is important in your life. Whether you need some help in managing your digital footprint (personal, legal, and financial documents), or you want to ensure that your precious memories and moments are never lost.

Creating a Keylu account will make your online life much easier to manage and will also make a huge difference to the lives of your loved ones, should anything happen to you.

Get organised. Store a digital record of important information, such as savings accounts, life insurance and pensions, in one place.

We’ll help you keep it up to date and ensure your family has access to it when they need it.

Memories and messages. It’s the little things that often matter most. Leave a video message for a loved one so they never have to forget the sound of your voice and will always know how much you care.

Create your legacy

From your favourite songs and readings to charitable donations. Make difficult decisions easier for your family and help them ensure that your send-off is a true celebration of your life.

Start creating your legacy today and leave something amazing behind.

How we can help??

Whether your estate is simple or complex, the issues faced with the death of a loved one are rarely straightforward. Let Barnet Wills help with our estate administration service.

Most of us are not used to dealing with the complex requirements of estate administration, especially at a time when financial matters are the last thing on our minds.

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