Probate & Estate Administration at Price & Kelway

At Price & Kelway, our dedicated team is here to guide you through every step of the probate and estate administration process, ensuring that the legacy of your loved one is handled with care, respect, and professionalism.

Understanding Probate

Probate is the legal procedure of administering a deceased person’s estate. This involves gathering assets, settling debts, paying necessary taxes, and distributing the remaining assets to the beneficiaries. A Grant of Probate, issued by the Probate Registry, authorises the executor named in the will to carry out these tasks. If no will exists, the process follows the rules of intestacy, and a Grant of Letters of Administration is required.

Understanding Your Role as an Executor/Administrator

Being appointed as an executor or administrator is a significant responsibility. You are entrusted with ensuring that the deceased’s wishes, as outlined in their will, are carried out accurately and lawfully.

Some of the key duties include:

• Identifying and valuing all assets and liabilities of the estate.
• Preparing and submitting any necessary tax returns, including Inheritance Tax.
• Settling outstanding debts and liabilities using the estate’s assets.
• Distributing the remaining assets to the named beneficiaries as per the will or according to the rules of intestacy if no will exists.
• Keeping detailed records and accounts of all transactions related to the estate. Given the potential complexities and personal liability involved, many executors/administrators choose to seek professional guidance to ensure they fulfil their duties correctly.

Why Choose Price & Kelway for Probate?

Navigating the complexities of probate can be challenging, especially during a time of grief. Our team brings years of experience in handling estates of varying sizes and complexities, from straightforward cases to those involving intricate tax matters or international assets. We prioritise your peace of mind, ensuring that every aspect of the estate is managed efficiently and in compliance with all legal and tax requirements.

Our Services Include:

• Comprehensive beneficiary accounts preparation.
• Guidance on inheritance, capital gains, and other tax implications.
• Assistance with Grants of Probate and Letters of Administration.
• Asset collection, debt settlement, and estate distribution.
• Support with property transactions and implementation of Will Trusts.

Price & Kelway as Your Professional Guide

Our team is equipped to handle the entire probate process or specific aspects based on your needs. We’re well-versed in maximising available reliefs and exemptions, ensuring that potential tax liabilities are minimised. Whether you’re dealing with agricultural or business property reliefs, transferable nil rate bands, or other inheritance tax nuances, we’re here to help.

Cost Transparency

At Price & Kelway, we believe in transparent pricing. We provide clear fee estimates from the outset and keep you informed throughout the process. Our fees are competitive and reflect the quality and expertise we bring to every case.

Avoiding Disputes

While probate can seem straightforward, complexities can arise. By seeking our professional advice, you ensure that all duties are fulfilled correctly, and potential disputes are minimised. Our team is also skilled in handling challenges to Will validity and issues with executors.

Reach Out to Price & Kelway

If you need guidance, support, or full-service assistance with probate and estate administration, our team is here for you. Contact us today to discuss how we can help during this challenging time.