Dealing with probate during the difficult period after losing a loved one can be quite overwhelming but having the right experts for assistance can ease the stress.
Probate is the process of handling someone’s estate after they have died. Their estate includes property, money and possessions.
Whilst some may think that only solicitors can help with this process, accountants can also be valuable assets during the probate process.
Despite this, only a small number of accountancy practices are licensed to offer probate services, and Rotherham Taylor Chartered Accountants is one of them.
Accountants can also assist with applying for a probate grant and distributing assets in line with the wishes outlined in the Will (if there is one).
Additionally, when dealing with tax related matters, an accountant’s expertise would be beneficial.
For instance, if the deceased was a taxpayer, any outstanding Personal Tax Returns will need to be submitted. For this it may be useful to have a tax expert on hand to help with the preparation as well as submission of tax returns.
Further probate services that we can assist with include:
- Preparing estate tax returns and settling outstanding tax liabilities of the estate
- Preparing the final estate accounts
- Providing advice on tax planning opportunities for the estate and/or for beneficiaries
- Providing ongoing inheritance tax and succession planning advice
If you require support with probate related matters, get in touch with our experts today.
