Why choose your accountant for probate services?
A grant of probate involves preparing accounts and is a financial process, so accountants are ideally placed to look after everything for you. As your accountant, we also have access to much of the information needed aready so there are cost savings as well as being more time-efficient.
What is probate?
A grant of probate is the documentation required to release assets after the death of a loved one. If there are savings or properties to be distributed you will usually need a grant of probate to progress any further.You have the option to go to solicitors or even do it yourself. More recently, however, accountants can provide the service and McPhersons have a qualified team in place to manage the process..
Why use McPhersons Bexhill probate team?
| T | Trust – we already have a relationship with you and you are familiar with the way we work, our responsiveness and proactive approach. |
| R | Regulated – we are an ICAEW qualified and accredited Chartered Accountant which provides you with the assurance that if there’s a problem you are covered. |
| U | Understanding – we’re familiar with your family and/or business so are not starting from scratch. |
| S | Save money – we have much of the information needed so can complete the process more efficiently and cost-effectively. |
| T | Time – we are used to tight deadlines and are a modern, high-tech firm able to complete the process quickly. |
| E | Expertise – we know your financial situation and probate is a financial process after all.It involves preparing accounts and calculating tax liabilities. |
| D | Diverse client base – we work with such a broad range of clients and have probably experienced even the most unusual of situations before. |
How is the cost calculated?
The first meeting will involve gathering as much inforrmation as possible. For example, we will need the death certificate, divorce certificates (if applicable), original will, NI number.
Then we will need details of the estate – bank accounts, savings accounts, personal belongings, stocks and shares, property valuations, tax records, pension details, loans, debts and mortgages.
Finally, details of the executors, their ID, proof of address and details of the funeral and costs.
From the above information, we will be able to calculate a more accurate cost.
For more information on costs involved, please click here.
What are the main stages of probate?
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Register the death
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Investigate the value of the estate
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Organise inheritance tax
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File the Probate application
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Once Probate is granted, start settling the deceased's estate
Our probate service
We offer a flexible probate service where you can do as much or little as you like. For example, part of the process is administative work, for example contacting banks, financial services providers and gathering information. Some clients take on some of this work to minimise their costs.
What our clients say
- Feedback from clients is how much easier it was to work with us as they knew what to expect service-wise already having a long-term relationship of trust. At a difficult time, an established, personal relationship can be as important as a professional one.
For more information or to discuss your own situation, please contact us.
Why choose McPhersons to look after your probate?
We are committed to making this process as easy for you as possible by taking away the worry at a difficult time.
