Events
In order to complete the probate and estate administration process, executors are required to undergo a number of key steps:
- Establish where the current Will of the deceased is located
- Collecting financial information and obtaining professional valuations of assets
- Ensuring personal income and/or capital gains tax is up to date
- Preparing the appropriate Inheritance Tax Return
- Application for a grant of representation/grant of probate
- Following receipt of Grant, administring the estate can commence including, transfer of funds from bank accounts, liquidating assets to pay debts and taxes.
- Preparing final estateaccounts
- Distributing assets to the beneficiaries in accordance with the Will, or the laws of intestacy if no valid Will is present.