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 »

Case Studies

Read some of our case studies below from probate cases in Hampstead, Maida Vale, Hendon and Swiss Cottage:

Case Study 1

Mrs A’s Estate was a fairly simple one. Her only assets were a house and some cash held in the bank. She had no liabilities. The value of the Estate was £800,000. Her bank quoted £21,000 to carry out the Estate Administration but we were able to carry this out for a third of that fee.

Case Study 2

The Executors of Mr B’s Estate came to us a year after Mr B had passed away as the solicitors ‘looking after’ the case had made no progress in obtaining probate. Within three months of us taking the matter over probate had been obtained, distributions made to the beneficiaries and the case closed. Mr B’s children were also pleased to learn that their late mother’s unused Inheritance Tax nil rate band was available to be transferred to their father’s Estate – something that the solicitor had failed to mention to them.

Case Study 3 

Mr C died leaving approximately £500,000 to each of his two children, D and E. Unfortunately, as we were concluding the Estate administration E was diagnosed with terminal cancer. We therefore recommended that E varied her share of her inheritance from her father in favour of her two adult children so that a second Inheritance Tax charge on E’s eventual death was avoided.

Case Study 4

Mr D died in tragic circumstances whilst still in business. He had previously entered into a tax avoidance scheme which was now being challenged by HM Revenue & Customs. Using our experience as accountants of negotiating with HMRC, we were able to reach a settlement with them at a much reduced amount from what they were seeking.

(Names have been anonymised to protect confidentiality)