Estate
Administration Plan
“The most cost-effective way to ensure the proper distribution of property & assets under the terms of your will.”
What is the Estate Administration Plan?
Locking in the future cost of the Administration of your Estate – Which is the distribution of property and assets under the terms of your Will.
All estates with a value over £5000 maybe subject to costs in relation to the administration of the estate. This work is usually done by a bank or solicitor.
This can be up to 4% + VAT of the entire value of your estate at the time of death. An Estate Administration Plan locks it in and fixes this cost.
How our Estate Administration Plan helps your loved ones
Legal Responsibility & Financial Liability
Difficult & Time Consuming
Huge Responsibility at a Distressing Time
Personal Legal Liability
Certain Decisions can Cause Family Disputes
Avoid Costly Errors
Failing to Interpret the Will Correctly
Incorrect Assessment of Liabilities & Debts
Distribution of Funds too soon
Incorrectly Filing Probate & IHT forms to HMRC
The Executor is legally and financially liable
Avoid Costly Errors
Failing to Interpret the Will Correctly
Distribution of Funds too soon
Incorrect Assessment of Liabilities & Debts
Incorrectly Filing Probate & IHT forms to HMRC
The Executor is legally and financially liable
How We Can Help
01
One of the panel of legal professionals will:*
- Identify, gather and value all of your assets
- Prepare all documents to apply to the Probate Registry of the High Court
- Apply and obtain the appropriate Probate from the High Court
02
- Correspond with the HM Revenue and Customs where appicable
- Complete income tax, inheritance tax & capital gains tax returns where appicable
- Calculate and transfer any nil rate band allowance for IHT purposes where appicable
03
- Communicate with the financial institutions and all relevant organisations
- Ensure any debts & liabilities are paid from the estate
- Carry out bankruptcy searches against each beneficiary
- Prepare the accounts & distribute the estate to the beneficiaries
Ask yourself – would it be a good idea to
Fix the costs at today’s prices and save money
Protect loved ones from legal responsibility
Protect your loved ones from financial liability
Have one phone call to take care of everything
Make everything easier at an emotional time
Book your Estate Review
* The regulated activities concerning probate and trust services that Trust Family Associates offer are provided by one of the panel of SRA regulated solicitors that Trust Family Associates work with.