Probate & Estate Administration Support
The loss of a loved one can be overwhelming and difficult to process. There is no need for you to face probate or estate and trust administration alone. Mancini Legal’s Private Client Team is prepared to help you through this difficult time, preparing you and guiding you through these complex procedures.
The process of administering a loved one’s estate is known as probate. This requires the filing of an application with the Probate Court to confirm the applicant’s legal authority to oversee and manage the estate. If the deceased passed away with a Will, the Court will issue a Grant of Probate. However, if the deceased passed away intestate, or without a will, the Court will issue Grant Letters of Administration.
Prior to obtaining the Court’s legal authority, there are a number of complex steps that must occur, including determining whether an inheritance tax is owed and obtaining a receipt from HRMC. Completing forms for inheritance tax purposes is no easy task as the exclusion of a permissible exemption or claiming an inapplicable exemption could result in unfavorable tax consequences and personal liability to you. Furthermore, once the Court has issued the Grant of Probate, the individual in charge must ensure that the deceased’s beneficiaries or heirs at law receive any proceeds and property they are entitled to.
If you are responsible for administering an estate, Mancini Legal can help. We offer executors and estate administrators three options to choose from for probate and estate administration support.
Option 1 – Grant Only
If there is a Will and the estate is straightforward, we can simply prepare the Grant of Representation that you need to finalise for the administration of the estate. It is simple and quick, and avoids the need for you to have to bother with all of the paperwork.
Option 2 – Executor Assistance
If you need a little more assistance with the probate process, but still want to keep on top of everything personally, our Private Client Team can help out with the background work as and when you need us. You’ll remain in charge while we look after the back office, working on the papers and checking documents.
Option 3 – Bespoke Estate Administration
If you select this option we will do absolutely everything that you need for your probate process. We will apply for the Grant of Representation, prepare estate accounts and even finalise HMRC tax papers. You do not have to get involved in the process and we make sure that everything is carried out exactly the way your loved one would have wanted.
Trust Administration
Proper trust administration is crucial to ensure that correct distributions are issued to the beneficiaries, the assets of the trust are invested prudently, and the tax affairs of the trust are handled correctly, among other items. Proper administration of a trust can avoid potential conflicts from arising between the trustees and the beneficiaries and reduce the potential for unnecessary legal, professional and administrative fees from incurring. The Private Client Team at Mancini Legal is prepared to provide Trustees with a roadmap for effective and practical trust administration or can even serve as a Trustee if desired.
FAQs
How much does Probate and Estate Administration Cost?
How long does Probate and Estate Administration Take?
Unfortunately this answer largely depends upon the complexity of the estate and for what services you choose to instruct us on. Moreover, as most estates are required to file paperwork with HRMC and the Probate Court, completing administration lies largely in these agency’s hands.