nfortunately the responsibility to pay tax does not stop with death. Inheritance tax must be paid out of the deceased person's assets before the residue can be divided between the beneficiaries. This often means significant assets must be sold. We can help the family in the following ways.
Life-time Planning
We can help you:
- Minimise the impact of the inheritance tax on your assets
- Protect the family home from inheritance tax
- Set up family trusts to protect assets in the UK or overseas
- Undertake special tax planning for individuals with foreign parentage
Post Death Administration
We can help you:
- Obtain probate
- Prepare the account required of the deceased's estate
- Value the assets
- Negotiate values with the Inland Revenue
- Sell assets where necessary
- Distribute the estate to the intended recipients
We can also:
- Act as an executor for the deceased's will
Trust Administration
We can help you:
- Prepare trust accounts
- Complete appropriate tax returns
- Calculate the payments to be made out of the trust
- Advise trustees about selling assets tax efficently
We can also:
- Act as trustee for family or will trusts
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