Simply put, estate administration is the process of dealing with a person’s legal and tax affairs after they’ve died.
This means dealing with all their assets (such as property, shares and personal possessions), paying debts, paying any Inheritance Tax and Income Tax and transferring inheritance to the beneficiaries of the estate. Estate administration can be extremely complex and is required after every death, whether or not there is a Will.
What could be involved in estate administration?
Every estate is different, but there are various stages of the estate administration process which are required in most cases.
- Gathering infromation
- Preparing tax forms and applying for Grant
- Closing accounts
- Setting up Trusts in a will
- Selling and transferring assets
- Paying debts
- Selling property
- Finalising legal work
- Finalising tax work
- Producing estate acounts
for a comprehensive fixed fee probate service
- No deposit or upfront costs
- Funeral directors costs paid directly
- all liabilities covered
For a guaranteed, fixed price quotation in 10 minutes, please call 0800 054 9928 or click here.
Please note there is no obligation to use this service,