Carefully considered

Following our initial call or visit, and once we have received all the Estate paperwork, you will receive a letter of introduction from your Estates Team. This will contain the names and direct telephone number of the Estate Manager and Estate Officer administering the Estate.

We will also write to all the companies, organisations and government agencies involved in the administration process to determine the full extent and value of the Estate assets and liabilities. Additionally, we will write to all Beneficiaries to outline their position within 10 to 15 working days.

Dealing with property

In Scotland, we will not be able to place a property on the market until confirmation has been issued (stage 4.)
Outside of Scotland, if there is a property to be sold or transferred, we will arrange any necessary valuations and where appropriate appoint an Estate Agent. We will also instruct appropriate conveyancing professionals and will notify you, any co-executors and other Beneficiaries of offers received on the property where relevant.

Other activities

At this stage, we may need to identify further Beneficiaries. We will discuss some of the bequests and the distribution of other Estate assets such as cars and other personal effects with you. If you want us to consider transferring assets to you, you should let us know at this point.

In England and Wales only:

We will place Statutory Notices to identify creditors unless we are acting as Administrator. If this is the case these notices cannot be advertised until the Grant of Representation has been issued, which can delay distributions (stage 6.)

We will submit an account of all assets (including joint and nominated assets) and any relevant gifts and liabilities to HMRC. At this point, the initial amount of Inheritance Tax (IHT) is paid (excluding IHT on any assets, which can be paid in instalments.)

By law, we need to obtain a receipt from HMRC before we can apply for the Grant of Confirmation (Grant of Representation in England & Wales), regardless of whether tax is payable on the Estate. We are reliant on HMRC to provide us with the receipt and delays may occur at this stage.

In Scotland we will apply for Confirmation and present the necessary paperwork to the Sheriff Court.

For Estates in England and Wales we can now apply for the Grant of Representation and submit the Will and other relevant documents to the Probate Court.

You will receive details of the Estate assets and liabilities, together with an estimate of your likely inheritance.

Once we have obtained the Grant of Confirmation (Grant of Representation in England & Wales) we will send copies to the companies involved in the Estate administration to collect monies due to the Estate and settle all liabilities.

In Scotland, we will be able to instruct the appropriate professionals to deal with the sale of any property.

Provided we are satisfied that all potential claims have been settled, we will pay any legacies and make interim distributions to the Beneficiaries, keeping an appropriate reserve.

Where a property is to be transferred, we will arrange this and ensure that it is valued and registered with the Land Registry if necessary. In Scotland, this will be no sooner than six months from the date of death.

If any claims are made against the Estate, this can delay the administration.

We will have collated all the information needed for the final income tax return, which is finalised to the date of death. Unless appropriate professionals have been separately appointed, we will handle everything involved in submitting the tax return.

Once we have established all Estate assets and liabilities and finalised the income tax position to the date of death, we will submit a final account schedule to HMRC.

This specifies any amendments to the Estate assets and liabilities previously declared, enabling HMRC to calculate the final IHT bill. We will settle the bill and receive any refunds due.

If the Estate contains overseas assets, where possible we will deal with the legal formalities in the country in question and instruct the appropriate professionals. This can be a complex process and is likely to delay completion of the Estate.

We can only deal with overseas assets once we have obtained the Grant of Confirmation (Grant of Representation in England & Wales) (stage 4.)

Administration Tax

The Estate will be liable for Administration Tax (income and capital gains tax) for the administration period. This can only be calculated and submitted to HMRC once we have finalised all stages of the Estate administration. We will need to calculate the tax and submit the appropriate tax returns.

Estate Administration Statement

We will send a full statement of the Estate assets and liabilities to all relevant parties, together with all final distribution payments. We will also send appropriate tax vouchers if required.