FSI Personal
Administration of Estates
We can take away the stresses and uncertainties that can arise when administering a person’s estate. We have extensive experience from straight forward UK cases, to high value complex estates with assets in many jurisdictions.
We are able to deal with the effective management of the administration process from start to finish. We will advise on the legal and tax issues, and deal with the figure work.
Our services include:
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advising you on the terms of the Will and any other relevant documents
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explaining the process and dealing with the information gathering exercise
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preparing the documents required to obtain probate including the Inheritance tax account and Oath for Executors
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making the application for the Grant of Probate (or Letters of Administration)
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after Probate has been granted, dealing with the assets and liabilities of the estate as required
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liaising with HMRC as necessary
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organising the estate accounts and any tax returns required for the administration period and the final distributions
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advising on appropriate tax saving opportunities.
We have recently helped:
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Executors and Trustees of an estate (valued at approximately £200 million comprising complex family trusts and companies) to ensure tax efficient succession of the family business to the next generation
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a widow and sole executor responsible for a valuable company to maximize inheritance tax savings and negotiate the value of the company with the District valuer
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Executors responsible for substantial assets in numerous jurisdictions (US, New Zealand and South Africa) to co-ordinate the transfer of those assets to the beneficiaries
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Executors located outside the UK to understand and manage UK inheritance tax issues arising from substantial assets situated in the UK
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Executors of a well known artist (where the value of the artwork exceeded £2 million) by preparing and negotiating the sale of art and representation agreements with galleries