Delays of up to 12 weeks as probate moves online

Since the introduction of the new online system, grants of probate are taking up to twelve weeks to finalise. When comparing this with the usual ten day turn around, it can’t be deemed entirely successful. This issue comes as higher … Find out more »


Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax (IHT) nil-rate band. Canada Life found that 70% of those surveyed did not know the standard … Find out more »

Inheritance Tax

Inheritance Tax (IHT) does not just apply to those that are extremely wealthy, it is a tax that is charged on the value of property (all of a deceased’s property or assets) when someone dies. For example, a 40% tax will apply if the value of your Estate exceeds the current threshold (£325,000 in the 2011- 2012 tax year).  This includes your home and any gifts made in the seven years preceding your death.

Inheritance Tax can be reduced or even eliminated with proper planning and we can advise on this using our parent company Nyman Libson Paul.

To establish whether Inheritance Tax is due it is necessary to value the Estate by adding up all assets such as property, possessions, money and investments and then deducting the deceased’s debts (including household bills and funeral expenses).  This can be a complex matter that we pride ourselves in dealing with.

In most cases Inheritance Tax is due within six months of the deceased’s death, after which time interest is added by HM Revenue and Customs, therefore our speed in dealing with these matters is of huge benefit.

The steps involved in probate. 

Probate FAQs.

Glossary of Probate terms,