What could be involved in estate administration?
Every estate is different, but there are various stages of the estate administration process which are required in most cases. If you have any questions during the process, you can ask your Personal Estate Manager. They will keep you updated at each stage along the way.
We’ll contact banks, HMRC, the Department for Work and Pensions, creditors and other financial institutions. We’ll let them know we’re acting on your behalf and ask for date-of-death valuations.
Preparing tax forms and applying for the Grant
Our team will prepare the relevant tax & probate forms. We will then apply for the Grant of Probate or Letters of Administration.
Once we’ve received the Grant of Probate we’ll send it to banks, mortgage companies and anywhere else the deceased had an account, policy or debt. We’ll close accounts and collect funds.
All funds will go into your individual estate account.
At this point, we will also apply for the Trustee Notices ( adverts in local & National press . Also called Section 27 of the Trustee Act 1925 )
Completing the legal work
If the Will needs any extra Trust /Conveyancing work done we will discuss this with you first and then give you a price for that work ( this would be a disbursement )
Selling and transferring assets and paying debts
We’ll sell any shares and assets within the UK and overseas. If there are assets to be transferred to beneficiaries, we’ll organise it. If we have sufficient funds, we’ll pay off the debts and make interim distributions to other beneficiaries.
The family home can be the most valuable part of an estate, financially and emotionally. To help deal with this crucial part of the estate administration, we work with specialist property partners to be able to help you achieve the best price, quickly, and to manage the legal requirements of selling or transferring a property. ( Again costs for selling the property will be a disbursement and agreed with you )
Finalising tax work
Our team will complete the Income Tax return if need be and submit it to HMRC. We’ll confirm the final Inheritance Tax position and obtain ‘clearance’ from HMRC. We’ll reclaim any overpaid Inheritance Tax. We’ll also pay any remaining debts.
Producing estate accounts
We’ll produce full and final estate accounts and send them to you and all the beneficiaries. If you have any questions, we will answer them.
C Hardman (Executor)
"Well informed, helpful and efficient throughout the whole probate journey. I was particularly impressed by the speed of response when I had questions"
V Garner (Executor)
"Thank you for dealing with the probate so efficiently. I would not hesitate to recommend your services in the future."
J Jackson (Executor)
"It has been my absolute pleasure to have met Michael and for him to act on my behalf, a wonderful, professional, caring person whose services I would recommend to anyone."
Peter Nash/Paula Cranmer (Executors)
"I would recommend Laurelo to anyone who needs good and sensible advice about the probate process at a very reasonable price."
A Wilson (Executor)
"I wouldn't hesitate in recommending Laurelo in what, at the outset felt like a daunting task, but in reality once explained to us and the burden of completing the forms taken away and completed by a professional the process was seamless."
Lorri Turner Senior Manager (Herongate Wood)
“I have always found Michael at Laurelo to be engaging, honest and supportive of the customers needs. The offer of a home visit to see clients within their own familiar surroundings further supports this. I have no difficulty in recommending their services."
G Perrett Will Protect Ltd & Executor
“Michael's professionalism and knowledge of every aspect of probate is only matched by his sensitivity and patience. He instinctively knows what to say and when to say it and I am so grateful to him for helping me navigate the most difficult period of my life so far safe in the knowledge that I could simply "park" this part of the process and leave it with him to "sort out"."
K Whittle (Executor)
“They provided a professional and emphatic approach and took all the stress away from dealing with probate. Filing the forms very promptly and the whole process was dealt with in just over a month. I would highly recommend and I again thank them for their help."