We're a countrywide network of law firms with all the expert resources needed to provide specialist legal advice on a local basis for individuals and businesses alike.
What tasks need to be carried out to administer an Estate?
1
The main tasks or responsibilities include;
- Valuing the Assets – add in a house and some possessions and investment specialist valuations will be needed to see if tax is payable
- Paying for the funeral - where there are sufficient funds, payment for the funeral takes precedent over any other debts
- Completing the inheritance tax form – this is a complete record of the Estate which must be sent to HM Revenue & Customs
- Collecting the assets - many organisations like banks require a certified copy of the Grant before they release any money to the Estate
- Paying any bills and/or debts - where the deceased owed people money these bills need paying and any tax issues need arranging
- Recovering any payments due - where the person who died is owed money this needs to be recovered
- Transferring the property – this involves usually working with Land Registry to transfer land or property into the name of the person who is to benefit
- Making an interim distribution - as the money comes in it is legally possible to pass part of it on to those who are due to benefit
- Preparing the Estate account - this is the official record of the Estate and shows what came in, what was paid out and what happened to the rest
- Final distribution – making arrangements for the final distribution of the property, possessions and any monies under the provisions of the Will/Intestacy Rules
- Tax certificates - providing each person that benefits from the Estate with a tax certificate
Frequently asked questions
- Can I obtain a grant, myself, without using solicitors?
- How long does it take to administer an estate?
- What are the legal responsibilities of dealing with probate without a solicitor?
- What happens to gifts to children?
- What happens to Probate if the original Will is lost?
- What if I feel something is not right with the Will or distribution of the Estate?
- What if you don’t want to use the executor named in the Will?
- What is a Grant of Letters of Administration?
- What is a Grant of Probate?
- What is Probate?
- What tasks need to be carried out to administer an Estate?
- Who can obtain the Grant of Letters of Administration?
- Who can obtain the Grant of Probate?
Your local legal experts
Why QualitySolicitors?
With QualitySolicitors your first initial assessment is free, so you can call us without worrying about being charged for a call you might not have actually needed to make. And because we place our clients are at the heart of everything we do, we make these five customer service promises to make sure you'll feel properly looked after.
This is why, in the first instance, most people looking for legal help in relation to a 'Home And Property' call QualitySolicitors for a Free Initial Assessment over the phone before requesting our Ask the Legal Expert service; which is an introductory 45-minute face-to-face consultation for £99.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call QualitySolicitors and together we can work out what your next steps might be... in confidence, at no cost and with no obligation. At QualitySolicitors, our Free Initial Assessment promise puts you directly in touch with a local law firm who will happily talk to you for free to clarify how they can help you.
Find out moreUsing a solicitor doesn’t have to involve any unexpected costs. We promise to confirm the full costs you can expect before we begin any work and keep you informed throughout. And we won’t start any work until we know you’re happy with our estimate.
Find out moreNeed a lawyer who’ll get in touch when they say they will and not leave you in the dark? Good news – we promise to you, our clients - call or email us by 3pm, Monday to Friday and you’ll hear back from us the very same day. And if we can’t give you a full response straight away because your question needs further investigation, we’ll always let you know and give you details of exactly when we’ll next be in touch.
Find out moreQualitySolicitors law firms know that when you need to meet with a solicitor, finding time during office hours can prove impractical. So we thought we’d help by offering flexible opening hours; simple!
Find out more