When a person dies, his or her property and assets will pass according to that person’s Will or, if there is no Will, according to certain legal rules. Executors are appointed by the Will to collect the assets of the deceased and to distribute the Estate. If there is no Will, a near relative or friend will normally apply for a Grant of Letters of Administration in order to undertake this task.
It is the Grant, which is issued by the Probate Registry, that gives Executors or administrators the necessary legal authority to administer the Estate.
We provide full professional support and guidance in dealing with the administration of Estates including the obtaining of the Grant of Probate or Letters of Administration, or general administration if no formal Grant is required. We will also deal with associated Income Tax and Inheritance Tax returns. There are occasions when it is advantageous to enter into a Deed of Family Arrangement to reduce potential inheritance tax liability. We can advise. We can also deal with the sale of any real property or land owned by the deceased, and arrange the transfer or disposal of any shareholdings (this will be done through a third party as we are not authorised by the Financial Services Authority to conduct investment business).
Back to top
