10.08.16

A Digital Death

The internet has grown fast over the past two decades – nearly as fast as those pesky Pokémon pop up – and unsurprisingly the law has struggled to keep pace with all the challenges this creates. In the pre-internet age, … Find out more »

11.07.16

Increase in Probate Fees

With all the news surrounding Brexit you may have not read that the government is proposing a new tiered system of probate fees in England and Wales, based on the value of the deceased’s estate, rather than the current flat … Find out more »

Why use The Probate Practice?

The benefit of using The Probate Practice over a bank are:

A large part of finalising an Estate is the preparation and submission of the Inheritance Tax Return and a calculation of the Estate’s liability. As accountants, Tax Returns and negotiating with HMRC are a large part of our daily business. We have vast experience in negotiating valuations with HMRC which again leads to lower tax liabilities. The only matter of Probate which requires a solicitor is the preparation of the Executor’s Oath and our association with a firm of well known solicitors ensures that the Probate Practice has the expertise to deal with all aspects of the Probate process.

We are cost effective

Our knowledge of taxation ensures that we can advise you on the ways in which you can minimise the Estate’s liability as much as possible. We also have experience in negotiating valuations with HMRC which can result in lower tax liabilities. We may, for example, advise that a Deed of Variation may be appropriate and would be in a position to not only let you know potential Inheritance Tax savings at the time but also warn you of possible consequences on (for example) Capital Gains Tax in the future.

We guarantee a practical and fast service

In many instances we can reduce the Probate time from 6 months to 3 months. We are qualified to deal with all aspects of Probate, and work with a firm of well known solicitors to deal with the Executor’s Oath (proof of Executor’s identity). Many people are unaware that this is the only aspect of Probate that is necessary to be carried out by a firm of solicitors.