ESTATE ADMINISTRATION

Included within our estate administration service: 

  • Write to the estate beneficiaries
  • Contact financial institutions for relevant date of death information (if required)
  • Register the grant with the estate asset holders and gather in the assets of the estate
  • Finalise the estate tax
  • Pay the debts of the estate including tax liabilities
  • Pay legacies and transfer the remaining estate to the residuary beneficiaries
  • Prepare clear estate accounts to record how the assets have been dealt with and the debts settled throughout the administration period, and the distributions of assets to the beneficiaries of the estate

    *ICAEW licensed probate practitioners are not allowed to assist with a contentious probate. If there is a dispute then a specialist probate lawyer needs to continue the process. The matter can be passed back to us later, once the dispute has been settled.

TIMESCALES

From initial instruction, it should usually take between 2 to 8 months to apply for a grant of probate, depending on the complexity of the estate.

An average estate administration will take between 9 to18 months to complete.

Hollands Accountancy, Hollands Probate, Accountancy, tax, business advice and probate services in Monmouth and Newport, Monmouth tax services, Newport tax service, Monmouth accountants, Newport accountants

Due to the nature of the work and dependent on the complexity of the estate and the requirements of the Will, in some circumstances it may take up to two years to complete the administration and in more complicated circumstances it may be longer.