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Probate Guide

"...in this world nothing can be said to be certain, except death and taxes"

GUIDE CONTENTS

1A. PRACTICAL MATTERS

 

Practical matters to consider immediately after death. Security of property. Children and pets.

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1B. DEATH & FUNERALS

 

Getting a medical certificate, registering the death, funerals, power of attorney.

 

1C. WILLS

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What's in a will. What to do if there is no will. Divorce and re-marriage.

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1D. WHO SHOULD ADMINISTER THE ESTATE?

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Executors or Administrators. Intestacy Provisions. Unmarried partners.

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2. SETTING UP THE FILE

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Practical guide to finding and organising the documents you will need. Online accounts.

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3. WHO TO CONTACT

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The most common parties who need notification of death with template letters.

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4. WHICH HMRC FORM DO I USE?​

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Starting the financial paperwork. Which HMRC form to use. Nil rate bands.

 

​5. VALUING THE ESTATE

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Detailed guidance on valuing the most common types of asset.

 

6. IHT FORMS, CALCULATION AND PAYMENT

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Links to the right form for you to complete. Executors bank account. Loans to pay any Inheritance Tax due.

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7. PROBATE APPLICATION

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The probate process. Which forms to send where. Swearing the Oath.

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8. REALISING ASSETS AND PAYING DEBTS

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Template letter to asset holders. Taxation issues in probate. Medallion Guarantee Stamp for US Shares.

 

9A. DISTRIBUTING THE ESTATE

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Wills and legacies. Intestacy distributions.

 

9B. BENEFICIARIES

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Who are they, what to do if they're missing or bankrupt.

 

10. ESTATE ACCOUNTS

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Finishing the process. HMRC powers.

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