We have recently had discussions with somebody looking to instruct a probate practitioner, to act for a significant Estate.
The key consideration for this individual was whether the firm to assist the Estate should be local to them, or local to the Estate (which was in Yorkshire).
In theory it shouldn’t really matter, but they thought it easier to use us as we operate from offices close by to the Executor.
Disappointingly the Probate process is still very paper driven; financial institutions, such as banks, send out closure forms by post, and require death certificates to be posted.
All of these need to be signed by the Executors, and so many of our probate clients value being able to call into our office to drop off forms.
At our Huntingdon office, our Probate service account for 15 per cent of our income, but is responsible for about 50 per cent of our post!
This recent case we were instructed on, which came to us via a recommendation, really emphasised why GH Probate was a good choice.
It became apparent early on that good knowledge of Inheritance Tax (IHT) business and agricultural relief would be needed, and it was clear that detailed planning would be required in respect of onward tax matters after the estate is finalised.
This would need to cover not only IHT for the beneficiaries but Capital Gains Tax (CGT) planning for future disposals.
Our Probate service is run by qualified accountants and taxation experts and so we cover all taxes in our advice.
In relation to the sale of the home, we can instruct solicitors on your behalf as we do not do conveyancing.
We have established relationships with a number of professionals, but we will always ask for a quote first, to ensure that the client is satisfied before proceeding. This ensures the beneficiaries are paying the correct price for the correct service.
If you wish to discuss what GH Probate Ltd can offer please call Jenna Boddington or Barry Jefferd on 01480 426500 or email probate@georgehay.co.uk.
GH Probate Ltd is authorised to carry out the reserved authority of non-contentious probate by the Institute of Chartered Accountants in England and Wales.
