Probate
The immediate sense of loss to the bereaved following a death is very often made worse by the difficulties which present themselves in getting the deceased’s affairs in order. For dependent relatives, in particular, the realisation that bank accounts become frozen and/or the absence of regular income can become harrowing at a time when it is least desired.
As a matter of course we:
- Liaise with all parties be they banks, life assurance companies, building societies, private individuals or otherwise with a view to all monies due to the estate being realised within the shortest time and any debts paid.
- File with the Inland Revenue a final tax return and bring the deceased’s tax affairs to a close.
- Keep the client advised of progress by providing copies of correspondence despatched.
- Attend to the administration of the estate by dealing with the bequests and legacies in accordance with the deceased’s wishes.
- Provide a final – and if appropriate interim – statement of account recording the financial aspects of the administration summarising monies received and expended.
- Negotiate bridging loans with banks in circumstances where inheritance tax must be paid before probate is granted and the estate realised if there is no money in the estate to do so.
- Arrange for the deceased’s bank to discharge the funeral account from funds on the deceased’s account before probate is granted.
01353 662203
info@archerandarcher.co.uk