phone    020 8974 7490   

Central London, Waterloo and Kingston

 

Probate and Estate Administration

Contact us for a Consultation or phone us on 020 8974 7490

We recognise that dealing with the estate of a loved one can be a daunting prospect, we are here to advise and assist.

Whether the deceased left a Will or not it will be necessary to apply for a Grant to access bank accounts, sell investments and property, before the estate can be distributed to beneficiaries.  It may also be necessary to pay inheritance tax if the estate is above the tax thresholds, there may also be income tax and capital gains tax to pay.  The person administering the estate will become personally liable for any tax due.

What is Probate/Grant of administration?

Probate/administration are the terms for the process required to obtain the Grant to be able to deal with a deceased’s person’s estate and access estate assets.  The procedure is the same whether there is a Will or not but the terminology will be different.

Executor or Administrator?

If the deceased person left a Will, those named as Executors will be entitled to obtain the Grant of Probate. It is not obligatory, if you are named as an Executor but do not wish to act, there are options available to you.

In the absence of a Will (intestacy) there is a strict order as to who is entitled to deal with the estate.  The order is governed by those entitled under the intestacy rules, who will be an Administrator and will be entitled to a Grant of Administration.  it is highly recommended that advice is sought to ensure the correct person or people apply for the Grant and that the estate is distributed correctly.

If there is a Will, but is does not contain a valid executor appointment, then the beneficiaries of the estate are entitled to apply for a Grant of Administration.

Inheritance Tax

This will be payable if the net estate, i.e. all the deceased assets less debts and funeral expenses, are above £325,000, unless there are exemptions or reliefs that can be claimed or if the estate passes to exempt beneficiaries.  Exemptions and reliefs must be claimed and it is therefore important that advice is sought if you believe there is Inheritance Tax to pay.

Capital Gains Tax

If assets are sold at a higher value that the date of death value, this could give rise to a capital gains tax liability.  There are special tax rates for estates, however it is possible to minimise this liability by appropriating assets to beneficiaries prior to sale.  Professional advice should be sought before taking this step as you could inadvertently pass the tax liability to the beneficiary.

Income Tax

Since income from banks and building societies are now received gross, more and more estates are finding that they have an income tax liability to report to HMRC.  This must be done it the tax liability is above £100.

Beneficiaries and Distributions

Beneficiaries will want to ensure that they are receiving their correct entitlement and will be entitled to see estate accounts setting out exactly how their entitlement has been calculated.  You will also need to ensure that you can pay the legacies to them by checking that they are not bankrupt, failure to do so could make you personally liable to the trustee in bankruptcy for the funds that have been paid to the beneficiary.

 

Why use Rose & Rose Solicitors?

We have an experienced team that can deal with the most complex of estates.  We can tailor our services to suit your needs depending on the complexities of the estate.  We specialise in all areas of taxation and so can ensure that the estate is administered in the most tax efficient way possible.

We can prepare comprehensive and detailed Estate Accounts.

We can handle all aspects of the administration on your behalf or just assist in obtaining the Grant of Probate. 

We can advise on the validity of the Will or how the estate should be distributed if there is no Will.

We can also assist with post-death inheritance planning or asset re-direction through Deeds of Variation, as well as administer any trusts that may be set up in the Will or under the intestacy provisions.

 

Sally-Ann Joseph is a full accredited member of Solicitors for the Elderly.

We can provide you with a fixed fee for this service so you will know exactly what costs you will need to pay.

For further information please contact Sally-Ann Joseph or Diana Csok on 020 3733 0663


Testimonials
Hello Sally-Ann

I wanted to say how impressed and pleased I was that when I called your office about 10 days ago and left a message to request further certified copies I was called back by a very helpful male member of your staff, Ashraf Islam, who advised me they would be posted.  True to his word they arrived the very next morning which I thought was excellent service as my conversation had taken place late the previous afternoon!

I feel it is important to acknowledge such good service as often staff receive mostly negative feedback, so I look to redress the balance.

If ever I am asked about solicitors I always recommend you.

Caroline Hutchins

"I've been very impressed by Rose & Rose who are extremely professional, approachable and helpful. They answered numerous questions from us and has been more than willing to work around the practical restrictions of our baby. Rose and Rose provide an excellent service at a reasonable cost and I have no hesitation in recommending them."

F Housden

" we asked Rose & Rose to help us prepare our wills. Our solicitor was warm,friendly, informative and very efficient. The process was explained and suggestions were given that helped us make some difficult decisions. it is on odd process writing one's will but Rose & Rose made it very straightforward and comfortable. I wouldn't hesitate recommending Rose & Rose and would happily approach them in the event of needing a solicitor in the future."

C Bacon

"I just want to say thank you for the efficient and pleasant way you have organised these powers for us" 

"Thank you. Brilliant. And can I just say that you have been fantastic. The wording of the side letter clearly demonstrated that you had listened to her and we were very impressed by the succinct way you expressed her wishes. Thank you very much for all your help"

We contacted Rose & Rose for help in compiling our Wills and were lucky enough to be introduced to Rose & Rose who gave us the clear, concise information we need in order for us to reach a comfortable resolution as to how we wanted our Wills to read.  We have no hesitation in recommending the services of Rose & Rose Solicitors. 

Ros Worrall & Linda Nandlall.

  • We engaged Rose and Rose to recover a bad debt. Their service was excellent and we recovered the full amount plus costs with minimal effort. I have no hesitation in recommending their services and we will certainly use them in the future.
  • Trustworthy and efficient service from this team of friendly and professional solicitors. I would recommend Rose and Rose.
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  • Rose and Rose recently handled the conveyancing for the sale of our property and we were extremely impressed with the level of service we received. The overall process was quick and efficient. Although these matters can be extremely stressful the staff involved were friendly, thoughtful and approachable yet totally professional throughout. This in effect enabled the sale to proceed relatively smoothly. I would therefore not hesitate to employ the services of Rose and Rose in the future. Robert P
  • Rose and Rose have helped me with conveyancing but also with my divorce and not only have they done a good job, they have ensured my costs have been contained as much as possible. They offer an exceptionally good service and explain the law in plain English, they are very friendly and easy to deal with.
  • Great, helpful advice and support from people who understand what you want and deliver in a straightforward manner in plain English. I highly recommend Rose and Rose Solicitors in Kingston.
  • I have used Rose and Rose Solicitors on a number of occasions and have always found them to be extremely friendly and helpful. They always provide excellent advice and do so in a cost effective manner whilst maintaining an extremely personal service and they really seem to care about you. I would have no problem in recommending their services to any of my friends, family and clients.
  • Rose & Rose Solicitors have a surprisingly refreshing approach to the Law. Whilst obviously highly committed and professional they are relaxed, friendly and approachable making all your dealings with them, in often very difficult circumstances, as stress free as possible. Highly recommend. Rose & Rose is a well rounded solicitors' firm, they have managed to help us through our business legal requirements with their fast, reliable and cost effective service. They have met our demand and need every time. Rose & Rose in Kingston successfully assisted my girlfriend's business in clawing back a large chunk of bad debt that a company were refusing to pay. I was so impressed with the simplicity and ease in which they dealt with the situation that I will use Rose & Rose Solicitors to represent all my own company's legal requirements including employment contracts, conveyancing, dispute resolution, etc. Rose and Rose provide their considerable expertise in a relaxed, friendly and unstuffy way. They have assisted my company and my clients and I would not hesitate to recommend them.
  • We have been involved in a number of sales where Rose and Rose have represented either the buyer or seller and on every occasion they have been a pleasure to deal with. The team make themselves very available and always respond to messages and emails quickly and always seem to be in command of a situation. This is so important to us as we need to keep our customers up to speed at all times. We aspire to delivering excellent service to our customers and they certainly help a great deal in this respect. Our customers who have used Rose and Rose have all been complimentary about the service they have received and how easy everyone there is to deal with.