Estate administration is the process of managing the assets of the estate of the deceased individual and distributing the assets to beneficiaries in line with the Will.
Most people will be called upon at some point to administer the estate of a relative or friend. Those who are asked to do this multiple times find the experience is often very different on each occasion. There is an enormous difference between good estate administration, when inheritances are paid out in a timely manner and the tax burden minimised, and one where the administration takes several years, penalties and interest are incurred, and tax planning opportunities are missed.
Our team of estate administration Solicitors are experienced in all aspects of the estate administration process.
Many of our clients have holiday properties abroad or other overseas assets, which can cause considerable difficulty for their loved ones after death. We are very familiar with these issues and can liaise with excellent lawyers in other jurisdictions so that assets are passed on in as tax-efficient a way as possible without any unnecessary delays.
In all cases, we will agree a timescale with you in advance and provide weekly updates by email. We expect to have the Grant of Probate – the administration document – within six months of instruction, but we will usually be able to work within a significantly faster timescale.
For families who have experienced disputes and estrangement, or for step-families, a bereavement can be a particularly challenging time. We work with many families in these circumstances and find that as a diplomatic and independent third party we can prevent tensions escalating into disputes which can be expensive and distressing during the estate administration process.
If you would like more information on estate administration, call one of our estate administration Solicitors on 01865 704 781, who will be able to offer you tailored advice on how to proceed.