If someone has died and you are appointed as Executor, the task can often seem daunting. You will owe numerous legal duties and responsibilities to beneficiaries, the Probate Registry, and HMRC, amongst others. You will only be entitled to reimbursement for out-of-pocket expenses (not for your time), and you can be personally liable for any losses.

At Monan Gozzett LLP, we will use our specialist expertise to guide you through the process in an empathetic but efficient manner. At the outset we will establish how much help you need, providing a realistic estimate of the time it will take to administer the estate and the costs involved.

We have particular experience in:

  • Securing and tracing assets.
  • Instructing appropriate valuers to generate valuations acceptable to HMRC’s Inheritance Tax section.
  • Claiming allowances and exemptions to reduce the Inheritance Tax bill.
  • Negotiating values with HMRC, especially where assets have increased in value after the date of death.
  • Managing the expectations of beneficiaries, including the enhanced requirements of charities.
  • Preparing Deeds of Variation to minimise tax liabilities and maximise estate planning opportunities for beneficiaries.

If you would like to speak to our expert legal team about this, or any related subject then please contact our team by phone on 0207 936 6329, Email or by completing our Quick Contact Form below.