Estates

Securing probate is key to unlocking assets in a close one's estate.

Being an Executor/Personal Representative and dealing with the affairs at a time of a close one's passing can be an emotional, protracted and an overwhelming responsibility. 

 

Before applying for probate, an inheritance tax return must be submitted to HMRC, this requires understanding the tax rules, reliefs, allowances and exemptions available to accurately review and calculate the deceased's tax position. 

​Appropriately, with knowledge, experience and expertise in Probate and Personal tax, P&P Tax Advisors are perfectly suited to get you into a position to apply for probate, we'll do the heavy lifting, leaving you to be there for your family knowing that the Estate Administration is in good hands. 

 

Our friendly, trusted and compassionate team will: - 

 

  • Meet with the Executors/Personal Representatives to understand the estate, the assets, liabilities, lifetime gifts and how the estate will be distributed. 

  • Make claims for inheritance tax savings reliefs, allowances and exemptions. 

  • Prepare and submit to HMRC the Inheritance Tax Return. 

  • Work with you/Solicitors to apply for the Grant of Probate

  • Prepare accounts and submit tax returns to HMRC for the administration period. 

 

Once Probate has been granted, we can incorporate our inheritance tax planning service for the family, with a view to preserving the family's wealth for future generations. 

 

If you are an Executor/Personal Representative and would like to understand more on how our Estate service can take care of the tax intricacies and your legal and financial responsibilities, please contact us.