When a person dies their Executors (under the terms of the Will) or their Administrators (if there is no Will) have the responsibility of administering his or her Estate, i.e. gathering in all the assets and distributing them accordingly.
Being an Executor or Administrator carries heavy responsibilities. This can be a heavy burden particularly at such a difficult time and many people seek the advice and guidance of a solicitor. We are here to relieve you of the burden of obtaining a grant of probate or letters of administration, and help you ensure that the wishes of the deceased are followed.
How can Farleys help?
We are able to provide initial advice on the effect of the Will or the intestacy rules. We are also able to outline your responsibilities, and guide you through the steps required to successfully administer the estate.
We will help with the following,
- Obtaining Probate / letters of administration
- Establish what assets exist in the estate and any liabilities that are owing
- Gather in the assets and settle any liabilities
- Establish who is entitled to what under the Will or the intestacy rules
- Assist with the establishment of any Trust under the Will
- Distribute the proceeds of the estate accordingly
- Liaise with HRMC to deal with the payment of Inheritance Tax and completion of the tax returns for the tax year of death and during the administration period
Our efficient service allows the administration to be carried out quickly, enabling the proceeds of the Estate to be distributed as soon as is possible.