Probate & Estate Administration

At Thompson Jenner, we understand how emotional and challenging this time can be and we are here to help navigate you through this ever-changing process.

Dealing with the legal and administrative affairs of someone when they pass away can feel like a minefield. It can be difficult to know who to turn to and you may feel overwhelmed with the responsibility which has now fallen on your shoulders.

We understand how emotional and challenging this time can be and we are here to help navigate you through this ever-changing process.

Thompson Jenner are licenced by the Institute of Chartered accountants in England and Wales to provide a range of reserved legal services, such as probate applications to our clients.

We pride ourselves on the professional and cost-effective services which we offer.  These can be tailored to suit each situation from ad-hoc advice, undertaking specific tasks or completing the entire process – whatever will make this process smoother for you.

We understand that a need for a probate practitioner comes at a very sensitive time for you and your family, our team act with discretion and empathy throughout the whole process.

Our service includes:

  • Working with the Personal Representatives to gather all the information regarding the assets and liabilities of the deceased
  • Preparation of all IHT accounts required
  • Calculating the IHT payable (if applicable) and advising on the payment methods that could be available
  • Applying for the Grant of Probate or Letters of Administration, depending on which is required;
  • Collecting in the assets
  • Advising on distributions to the beneficiaries
  • Preparation of estate accounts;

Navigating the administration of an estate may vary in difficulty depending on its complexity, such as compliance with the regulations specified within a will and any potential inheritance tax.

Our team is dedicated to swiftly and effectively resolving matters whilst staying in constant contact with you.

Key FAQs

What is probate?

When a person passes away, the process of managing their estate is called probate. Whether or not you must obtain a grant for transferring assets from the deceased to beneficiaries depends on numerous factors; including but not limited to asset value and type, who owns said assets, and if it was held jointly with another individual.

By acquiring the Grant of Probate or Letters of Administration (if there was no will), individuals can transition the legal ownership and responsibility for a deceased’s assets and estates to their personal representatives. These personal representatives are held accountable for ensuring that the decedent’s possessions are managed in accordance with either their last wishes, as revealed in any existing wills, or according to intestacy laws if they had not written one.

Even if probate is not necessary, a submission to HMRC may be needed as inheritance tax and probate examine different aspects.

When is probate required?

When a person passes away, their assets must be transferred to the designated beneficiary or executor. Depending on the value of these assets and how they are held (i.e jointly owned), Probate may be needed in order for this transfer of wealth to take place properly and securely according to legal requirements. For example, if two people have shared ownership over an asset- it is highly likely that no probate will be required as only one surviving owner remains; likewise with bank accounts under certain limits – issue of death certificate, ID & will can enable funds release directly from the bank itself into rightful hands without needing further action through probation services.

Unsure of the best way to transfer assets? We’re here to help.  Our team can provide you support in determining if a grant is required for successful asset-transfer benefitting your beneficiaries.

What taxes could the estate be liable to pay?

To ensure compliance with HMRC regulations, certain taxes and forms need to be taken care of.

Inheritance Tax

An individual’s inheritance may incur Inheritance Tax if it exceeds the value threshold or contained any taxable gifts given in the previous seven years. This tax needs to be settled within six months from death date while income taxation applies as normal up until that point – including a full personal allowance for one calendar year (if applicable).

Income Tax

Income received prior to the date of death must be subject to normal tax regulations with full personal allowance available for a complete year, all subsequent estate-sourced income will also incur taxation at basic rates. In order to ensure compliant filing, it is essential either formal annual returns are made or else informal reports of overall earnings over the period are submitted.

Beneficiaries can be rest assured that they need not worry about their tax affairs as we are on hand to help. We provide guidance around what must be reported, ensuring beneficiaries only pay the necessary amount of basic rate tax towards any income received.

Capital Gains Tax

CGT is an essential consideration for estates that sell assets. Taxable gains made beyond the estate’s 2-year annual exemption will be calculated and reported through either a tax return or informal procedure, commensurate with the value of the estate and associated taxes payable. We are available to advise personal representatives on how best to identify and capture any liable CGT liabilities due.

Stamp Duty

Inheritance of property typically does not incur Stamp Duty Land Tax. However, there are certain occasions when this may be required – and we’re here to help make sure you don’t run into any unexpected issues. Our team can ensure your transaction is carried out quickly, efficiently and compliantly by advising on potential tax implications down the line.

How much does Probate cost?

Because no two estates are the same, our fees for obtaining probate can vary.  Our fees are calculated according to the time it takes us to complete all necessary tasks. The complexity of an estate, as well as how much information gathering we take on ourselves, can both factor into our charges.  Explore the Probate Prices and Fee’s for comprehensive information.

Key Contacts

Sam Bilcliff

Sam Bilcliff Probate & Personal Tax Manager

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Paul Carnell

Paul Carnell Partner

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We would love to meet you, which is why we offer all new clients a free, no obligation initial consultation. Click the contact button below to see all the methods to get in touch with us and if you like you can leave an email enquiry with the form provided and we will contact you to arrange a time and date.

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