Our fees include:
- Taking your instructions.
- Liaising with asset holders on your behalf.
- Assessing the nature, extent and value for inheritance tax purposes of the Assets of the Estate.
- Assessing the nature, extent and value for inheritance tax purposes of the Liabilities of the Estate.
- Arranging any insurances for any property that needs to be safeguarded during the period of the administration.
- Engaging with HMRC as to the valuations of assets or of liabilities contained within the data retrieved by us or supplied to us.
- Engaging HMRC as to the basis of calculation of any past current or future liability to inheritance tax, capital gains tax, income tax or any other taxes triggered by the
application for probate.
- Engaging with the Department of Works and Pensions regarding any liability of the Deceased arising from overpaid benefits or from the ineligibility of the deceased due
to any oversight in providing full disclosure of capital or income.
- Engaging with charities and their designated officers on your behalf.
- The preparation of a Statement of Truth for the Probate Registry.
- The preparation of IHT400 for HMRC.
- Procuring the Grant of Probate or Grant of Letters of Administration.
- Collecting in assets, closing accounts or discharging any liabilities of the estate.
- Preparing final estate accounts covering the period of administration of the estate.
- Arranging for final distribution among entitled beneficiaries.
Our fees do not include:
- Attending Inquests or liaising with the Coroner’s Service.
- Arranging funerals or funerary services.
- Authenticating or dealing with any problems arising from the form or content of any Will or Codicil with the Will (where the original is lost, destroyed, defaced or
incomplete, or otherwise in a physical state giving rise to further query or investigation by the probate registry).
- Investigating or looking behind any asset or liability data supplied by you, your accountant or your financial adviser or any third party authorised by you.
- Dealing with the Isle of Man Probate Registry where assets are held in that jurisdiction.
- Dealing with the sale or transfer of any property in the estate.
- Dealing with the purchase or transfer of assets between beneficiaries.
- Estate planning for beneficiaries or their families.
- Preparing Deeds of Variation in respect of inheritance tax or capital gains tax.
- Preparing Income Tax returns for the Deceased or his estate or for beneficiaries.
- Administering any trusts created by the Deceased or by the Deceased’s Will.
- Challenging any assessment of residential care fees liability of the Deceased.
- Challenging the financial management of the Deceased’s funds by former attorneys or deputies.
- Arbitrating or mediating disputes between beneficiaries.
- Dealing with any claim or claims made against the estate (whether made by any third-party creditor or by any beneficiary or any claimant whether named in the Will or
entitled by reason of the application of the rules of intestacy or otherwise).
A straightforward estate is one where multiple third party valuations of estates are not required and there are no business or agricultural reliefs. There are also no issues arising
in respect of the list of areas that are not covered in our fee (as set out above).
We would normally expect a non-taxable estate to be completed within 6-12 months of the date of your instructions to us (provided we receive all documentation required to
carry out your instructions).
However, this timescale cannot be guaranteed as it is often difficult to assess immediately or at the outset of a matter and with definitive accuracy how long any administration
will take as this depends on several factors such as:
- The complexity of the asset portfolio.
- The number of properties in the estate.
- The number of beneficiaries and whether they get on.
- Whether there is any claim being made against the estate by agencies such as HMRC, the DWP and third-party creditors
- Whether there is any claim being made against the estate by charities who seek to contest their removal from any final will.
- Whether there is any claim being made against the estate by a disappointed or overlooked beneficiary.
Full Administration – Inheritance Tax Payable (Complex Estate)
Service is as described above for ‘Probate Full Administration – Inheritance Tax Payable (Straightforward Estate)’ but with increased work owing to the complex nature of the
Fees charged by Burys Solicitors
Please contact us for a quote.
Fees payable to third parties (‘Disbursements’)