Probate Services

As your accountants, we are ideally placed to look after everything for you, having access to much of the information needed already. This means there should be cost advantages 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. McPhersons can look after as much or as little of the process as you wish from initial gathering of information, to preparation of probate forms, calculating inheritance tax to administering the estate.

Do I need probate?

Owned their own home in sole name

Yes - you can't sell or transfer a property without probate.

Owned a house as joint tenants, kept savings in a joint account

No - the asset will transfer to the surviving owner.

Didn't own many assets - less than £20,000 in savings

No - most banks will release savings without probate.

Owned high-value assets in sole name - over £20,000 in the bank of shares in sole name

Yes - higher values are unlikely to be released without a grant of probate.

Why use McPhersons Bexhill probate team?

Trust – we already have a relationship with you and you are familiar with the way we work, our responsiveness and proactive approach.

Regulated – we are an ICAEW regulated Chartered Accountancy firm.

Understanding – we’re familiar with your family and/or business so are not starting from scratch.

Save money – we have much of the information needed so can complete the process more efficiently and cost-effectively.

Time – we are used to tight deadlines and are a modern, high-tech firm able to complete the process quickly with minimumof fuss.

Expertise – we know your financial situation and probate is partly a financial process after all. It involves  calculating tax liabilities and our dedicated tax team can help ensure you only pay as much tax as you have to..

Diverse client base – we work with such a broad range of clients and have probably experienced even the most unusual of situations before.

The first meeting will involve gathering as much information 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.

  • Register the death
  • Investigate the value of the estate
  • Organise inheritance tax
  • File the Probate application
  • Once Probate is granted, start settling the deceased’s estate
  • 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.

We are committed to making this process as easy for you as possible by taking away the worry at a difficult time.

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For more information or to discuss your own situation, please contact us.