Probate and Dealing with Inheritance Tax Case Study

15 November 2016

By Probate Solicitor Rebecca Tribble

Client Situation

Mr A contacted our Probate Advisors in Bristol as his aunt had passed away without leaving a Will. This is known as dying Intestate. She had left an Estate valued in excess of the current Inheritance Tax threshold of £325,000 and Mr A was concerned about how to deal with all of this properly.

With our Probate Complete Service we take full responsibility for obtaining Grant of Probate and dealing with the Legal, Tax (not VAT), Property and Estate Administration affairs*.

How We Helped

Probate Solicitor Rebecca Tribble talked to Mr A about the family history. Rebecca was able to identify the closest blood relatives of the deceased and confirm that they were the beneficiaries of the Estate. Rebecca also obtained copies of the relevant birth, marriage and death certificates on their behalf to evidence their entitlement to the Estate.

The Estate was subject to Inheritance Tax, and Rebecca obtained all of the accurate Probate valuations of the assets and liabilities of the Estate. Rebecca calculated the amount of Inheritance Tax that was due and completed the lengthy Inheritance Tax return on behalf of Mr A. Rebecca then arranged for the Inheritance Tax to be paid in full from the deceased’s bank accounts.

The Outcome

HM Revenue & Customs (HMRC) agreed with the Inheritance Tax return which had been submitted, and Rebecca finalised the Estate and made payment to all of the beneficiaries entitled in the appropriate shares.

Mr A was happy that we had been able to complete the Inheritance Tax paperwork on his behalf.

*We can also pay all the costs of a Co-op Funeralcare funeral, providing the Estate owns sufficient assets which can be sold in due course to repay our costs.

If you need help with probate, contact us:

More articles