When a person dies, their legal, financial and personal tax affairs must be taken care of.
Every person's estate is different and, whether that estate is simple or complex, the tasks involved in the administration of an estate are rarely straightforward and mostly new and confusing to the person responsible.
Dealing with someone’s estate can be a complex, stressful, overwhelming task at a time when financial matters will probably be the last thing on your mind.
The proper administration of an estate can take many months, depending on its complexity. The demands on your time may be substantial.
In addition, you'll find yourself legally responsible for things such as:
- Collecting any assets - such as property, investments, personal possessions
- Dealing with any liabilities - calculating and paying off things such as estate expenses, debt or Inheritance Tax (IHT)
- Distributing the estate amongst any beneficiaries
Time taken dealing with paperwork alone could be considerable.
You must be confident you can handle the responsibility before you agree to it. If you aren’t, then you must get specialist advice.
We can provide access to leading Law firms in the UK. Like us, they place their clients at the heart of everything they do.
If you feel you could benefit from professional help or expert advice in this matter, contact us today. We’re here to help.
Please note that this service is separate and distinct to those offered by Orestone Wealth Management and St. James's Place.
