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The time after losing someone close to you is always difficult.
There are a lot of administration requirements following a death, and it can be very confusing and painful to deal with when you are also grieving.
Many people are reassured by having someone they trust assisting them with these duties, in order to enable them to be able to focus on their family whilst knowing everything else is being taken care of.
The process involved in estate administration includes:
This process could also involve some tax planning. It is possible for the beneficiaries to vary the will by a Deed of Variation, provided this is done within 2 years. This can often result in either a reduction of Inheritance Tax due immediately, or used for planning to reduce potential Inheritance Tax liabilities in the future. It can often be done whilst still upholding the deceased’s wishes.
We are able to assist with all matters involved with estate administration. You will still be making a personal application, and the legal right to deal with the assets will remain with you. We will however be able to guide you through the process and assist you at each step of the way.
Should you wish to discuss further how we could help you, please contact your local private client tax consultant and we would be happy to help.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.
Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.