Probate
We would all like to avoid a situation where our families are burdened with complex paper work and unnecessary stress following our deaths.
Applying for a grant of probate (or letters of administration in the event that you have not left a will) can be long and arduous process for those you leave behind. There is also the added concern of calculating and discharging ever complex inheritance tax liabilities.
Therefore whether you are living in the UK or offshore, our Private Client Department will be available to assist in each and every step of applying for probate and administering an estate, to making the necessary arrangements in relation to tax.
To prepare for this situation and protect your wealth and assets during your lifetime we also advise on:-
- Minimising your inheritance tax bill
- Preservation of tax exemption through use of trusts
- Preservation of the benefits of domicile
- Dealing with assets in different countries.
Latest News
New Brief from HMRC on Domicile
HMRC has recently issued a briefing note as to the circumstances in which it will raise an enquiry as to a person's domicile, in relation to inheritance tax. The note states that "in future HMRC will consider opening an enquiry where domicile could be an issue, or making a determination of Inheritance Tax in such cases, only where there is a significant risk of loss of UK tax,"
The Revenue have stated that the factors to be considered will include a review of all information available to HMRC fro... read more