Probate & Estates
On death, the executors named in the Will of the deceased (or the chosen administrators where there is no Will) are responsible for dealing with the administration of the estate, which includes implementing the provisions of the Will. In most cases it is necessary to obtain a grant of representation to formalise the appointment of the executors.
The role of executor can include registering the death, organising the funeral, ascertaining details of the deceased’s assets and liabilities, calculating and settling all tax liabilities (including the preparation and submission of inheritance tax forms), encasing and transferring assets and accounting to the beneficiaries.
Warners have considerable experience in this area and are more than happy to help to the extent required.
- Chambers and Partners UK 2015
Estate Administration and Accounting
Executors have an obligation to account to the Revenue for tax due on any gross income received during the period of administration of the estate and also any capital gains tax incurred on disposals of property or investments. Executors are also responsible for ensuring that any tax liability incurred as a result of the death is correctly dealt with.
We can deal with the estate tax returns and advise on any tax payments due to the Revenue. Frequently income tax repayments are due to the estate in respect of the deceased and we can also deal with this.
Accredited by the Law Society’s Wills and Inheritance Quality Scheme
We are delighted to be an accredited member of the Law Society’s Wills and Inheritance Quality Scheme (WIQS). This shows that we follow best practice procedures to meet the highest standards of technical expertise and client service in providing tailored wills and probate advice to consumers.
- We will not pressure you into buying more complex advice that is not in your best interests.
- Our dedicated wills and probate service is tailored to your needs. We will explain the process, options, costs and likely timescales.
- We will keep you up-to-date using your preferred method of communication.
- Accredited solicitors and other staff complete mandatory training on the WIQS standard and show compliance through annual re-accreditation and ongoing enforcement checks by the Law Society.
Check that we are WIQS accredited by searching for us on the Law Society’s Find a Solicitor website: www.lawsociety.org.uk/findasolicitor.
- How to protect your children’s inheritance As we live longer, more adults are marrying a second or third time. Divorce among the over-60s, otherwise known as silver splitters, has risen by a third in the past decade. While most adult children are happy that their parents have companionship in old age, they may have worries over inheritance...
- How to Reduce your Inheritance Tax Bill A combination of rising house prices and a freeze on the threshold at which estates pay inheritance tax means that many more households fall into the tax net than was once the case. Ruth Pannell, wills solicitor at Warners in Sevenoaks, advises how, with some simple planning, it is possible to keep your inheritance tax liability to a minimum...