WHOSE RESPONSIBILITY IS IT?

Acquiring a Grant of Probate is the responsibility of the person(s) appointed in a Will to administer the estate; known as Executors.

Executors will often appoint a professional firm, such as Kings Court Trust Corporation, to take on all the responsibilities of handling Probate.

Executors' responsibilities

• Ensuring that the wishes of the deceased, as expressed in the Will, are carried out

• Identifying all the assets and claims against the estate

• Obtaining valuations of the joint and sole assets as at the time of death

• Ensuring that the estate of the deceased is handled efficiently and that the funds and assets in the estate including businesses, are properly managed

• Preparing tax returns for the deceased for Inheritance Tax, Capital Gains Tax, Income Tax and Stamp Duty Land Tax

• Obtaining tax clearances before distributing the estate

• Settling all the debts of the estate, including all taxes - this responsibility can last for 6 years

• Completing and filing the relevant court forms

• Applying for Probate and attending a personal interview at the Probate Court

• Preparing accounts for the Beneficiaries and after payment of all claims, distributing the estate

This process can be quite daunting, and at Kings Court, we have experienced tax experts, accountants and legal professionals all under one roof making the Grant of Probate process simple and stress-free.  Not only that, we offer our customers an upfront fixed fee, so regardless of how long the case takes, you can have the peace of mind knowing that there will be no nasty financial surprises at the end of it.