Claire Melton of Stephenson Smart

Specialism: Probate and Estate Services

Stephenson Smart can help take the pressure off families at difficult times with our probate and estate services.

We are licensed to provide probate services in Norfolk and Cambridgeshire and regulated by ICAEW. Claire Melton FCCA TEP is our director who specialises in probate and is a member of The Society of Trust and Estate Practitioners.

This specialism to provide probate and estate services enables us to give enhanced support to our clients by assisting them with the administration of estates, dealing with the application for Grant of Representation and all aspects of Inheritance tax, without the need to involve a third party.

Whether you need clarification of probate law, assisted probate services, help or advice, our probate specialists can offer a friendly consultation to establish your needs and how best to move forward with the process.

What are Probate and Estate Services

Upon the death of someone an executor is appointed to deal with the estate of the deceased in accordance with their wishes. The role of the executor can be an onerous one, taking on several responsibilities. It can be easier for the family, at this stressful time, to appoint a professional to assist and provide peace of mind by reducing the administrative burden on them.

Probate services include:

  • Application for Grant of Representation or Letters of Administration
  • Dealing with the tax position and preparing the tax returns for the period of administration
  • Determining the assets and liabilities of the estate and preparing estate accounts accordingly
  • Calculating the Inheritance tax liability and explaining any payment instalment options which may be available
  • Dealing with HM Revenue & Customs on behalf of the estate, including agreeing liabilities

Why choose Stephenson Smart for your Probate and Estate Services

  • Local, confidential and friendly service with offices in Norfolk and Cambridgeshire
  • Qualified probate specialists, accountants and tax advisors
  • Do not charge based on the value of the estate but on the time the work takes

How long will it take and how much do our Probate and Estate Services cost

Tax regulations surrounding probate, inheritance and estates are complex and time consuming to deal with. Our probate specialists will be able to help you in calculating the inheritance tax liability and explaining any payment instalment options that may be available.

We do not charge based on a percentage of an estate but instead on the complexity of the work and time taken. We can either work to a fixed fee or charge on a time basis. If you wish us to charge on time taken, we will provide you with an estimate in advance of undertaking any work.

There are many things that can impact upon how long it will take. We aim to work with the executors and keep them informed of progress on a regular basis so that they know where we are with a case.

Examples of timelines:

  • It may take up to two to three months to identify and value assets/liabilities and prepare the Inheritance Tax forms and apply for probate.
  • Selling assets and collecting in money may take three to six months depending on the market for those assets.
  • Settling tax liabilities, preparing estate accounts and making final payments to beneficiaries may take six months after the grant has been obtained.

At the outset we will provide an estimate of fees keep you appraised as the case progresses. If we identify anything that is likely to significantly alter the fee, we will bring this to your attention as soon as possible.

Example costs of Probate and Estate Services work

Obtaining a grant of probate (easily identifiable low value assets).

This example is based upon the existence of a simple will and assets that are well understood and easy to value and that these assets are not subject to Inheritance Tax.

It assumes that valuations were easily obtained, there were no complicating factors and that the relevant Inheritance Tax form was completed (IHT205), and a probate application made on behalf of the executors.

It would also mean that the executors were dealing with the administration of the estate.

Total fees would be between in the region of £1,800 and £2,400 (including VAT).

 

Calculating Inheritance Tax and obtaining a grant of probate (high value assets, easily identifiable, simple will)

This example is based on the estate having Inheritance tax to pay but has well understood assets and there may be one, or few beneficiaries.

It assumes that valuations have been reasonably easy to obtain and there were no complicating factors and that the relevant Inheritance Tax forms have been prepared (IHT400), and a probate application made on behalf of the executors.

It would mean that the executors dealt with the administration of the estate, although some handholding was required.

Total fees would be between in the region of £2,400 and £4,200 (including VAT).

 

Acting on behalf of executors

This example is based on us undertaking the full process of identifying assets, valuing the estate & calculating Inheritance Tax. As well as applying for probate, collecting in assets and distributing assets to beneficiaries and accounting for the estate and completing the necessary returns.

Total fees would be between in the region of £12,000 and £16,800 (including VAT)

 

Acting on behalf of executors (complex estate)

This example is based on us identifying and seeking valuations of assets, working in foreign jurisdictions, dealing with high value assets including agricultural property and dealing with complicated business assets. As well as assisting with the administration of the estate and accounting for the estate and completing the necessary trust tax returns.

Total fees would be between in the region of £21,600 and £36,000 (including VAT).

 

Disbursements

Probate Application Fees are £155. There is a small additional charge for extra copies of the Grant of Probate.

Bankruptcy search – £5 per beneficiary

Notification in The London Gazette and a local newspaper of the individual’s death to protect against claims from unknown creditors – £300 to £500.

 

Dealing with HM Revenue & Customs on behalf of the estate, determining the assets and liabilities of the estate and preparing estate accounts accordingly is something that many of our clients request for our probate and estate specialists to help them with. We have the capacity to help an executor from start to finish with all probate and estate services, home or abroad, small or large, our team provide you with assistance needed to carry out the last wishes of a friend or family member.

Please get in touch if we can support you with probate and estate services and ask for a consultation.

 

We have Professional Indemnity Insurance in place in accordance with the requirements of ICAEW.  In the unlikely event that we cannot meet our liabilities to you, you may be able to seek a grant from ICAEW’s Compensation Scheme. Generally, applications for a grant must be made to ICAEW within 12 months of the time you become aware, or reasonably ought to have been aware of the loss. Further information about the scheme, and the circumstances in which grants may be made, is available on ICAEW’s website.

We have an internal complaints procedure which will be brought to your attention on engagement, should you wish to see this prior to engagement please contact us and we will email or post you a copy. If we do not deal with a complaint within our complaints procedures timescale or you are unhappy with our response you may of course take the matter up with our professional body, ICAEW, and the Legal Ombudsman, details for whom can be provided by email on request.

Licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales.

Details of our probate accreditation can be viewed at icaew.com/probate – our reference number is C003459317

Stephenson Smart can help take the pressure off families at difficult times with our probate and estate services.

We are licensed to provide probate services in Norfolk and Cambridgeshire and regulated by ICAEW. Claire Melton FCCA TEP is our director who specialises in probate and is a member of The Society of Trust and Estate Practitioners.

This specialism to provide probate and estate services enables us to give enhanced support to our clients by assisting them with the administration of estates, dealing with the application for Grant of Representation and all aspects of Inheritance tax, without the need to involve a third party.

Whether you need clarification of probate law, assisted probate services, help or advice, our probate specialists can offer a friendly consultation to establish your needs and how best to move forward with the process.

What are Probate and Estate Services

Upon the death of someone an executor is appointed to deal with the estate of the deceased in accordance with their wishes. The role of the executor can be an onerous one, taking on several responsibilities. It can be easier for the family, at this stressful time, to appoint a professional to assist and provide peace of mind by reducing the administrative burden on them.

Probate services include:

  • Application for Grant of Representation or Letters of Administration
  • Dealing with the tax position and preparing the tax returns for the period of administration
  • Determining the assets and liabilities of the estate and preparing estate accounts accordingly
  • Calculating the Inheritance tax liability and explaining any payment instalment options which may be available
  • Dealing with HM Revenue & Customs on behalf of the estate, including agreeing liabilities

Why choose Stephenson Smart for your Probate and Estate Services

  • Local, confidential and friendly service with offices in Norfolk and Cambridgeshire
  • Qualified probate specialists, accountants and tax advisors
  • Do not charge based on the value of the estate but on the time the work takes

How long will it take and how much do our Probate and Estate Services cost

Tax regulations surrounding probate, inheritance and estates are complex and time consuming to deal with. Our probate specialists will be able to help you in calculating the inheritance tax liability and explaining any payment instalment options that may be available.

We do not charge based on a percentage of an estate but instead on the complexity of the work and time taken. We can either work to a fixed fee or charge on a time basis. If you wish us to charge on time taken, we will provide you with an estimate in advance of undertaking any work.

There are many things that can impact upon how long it will take. We aim to work with the executors and keep them informed of progress on a regular basis so that they know where we are with a case.

Examples of timelines:

  • It may take up to two to three months to identify and value assets/liabilities and prepare the Inheritance Tax forms and apply for probate.
  • Selling assets and collecting in money may take three to six months depending on the market for those assets.
  • Settling tax liabilities, preparing estate accounts and making final payments to beneficiaries may take six months after the grant has been obtained.

At the outset we will provide an estimate of fees keep you appraised as the case progresses. If we identify anything that is likely to significantly alter the fee, we will bring this to your attention as soon as possible.

Example costs of Probate and Estate Services work

Obtaining a grant of probate (easily identifiable low value assets).

This example is based upon the existence of a simple will and assets that are well understood and easy to value and that these assets are not subject to Inheritance Tax.

It assumes that valuations were easily obtained, there were no complicating factors and that the relevant Inheritance Tax form was completed (IHT205), and a probate application made on behalf of the executors.

It would also mean that the executors were dealing with the administration of the estate.

Total fees would be between in the region of £1,800 and £2,400 (including VAT).

 

Calculating Inheritance Tax and obtaining a grant of probate (high value assets, easily identifiable, simple will)

This example is based on the estate having Inheritance tax to pay but has well understood assets and there may be one, or few beneficiaries.

It assumes that valuations have been reasonably easy to obtain and there were no complicating factors and that the relevant Inheritance Tax forms have been prepared (IHT400), and a probate application made on behalf of the executors.

It would mean that the executors dealt with the administration of the estate, although some handholding was required.

Total fees would be between in the region of £2,400 and £4,200 (including VAT).

 

Acting on behalf of executors

This example is based on us undertaking the full process of identifying assets, valuing the estate & calculating Inheritance Tax. As well as applying for probate, collecting in assets and distributing assets to beneficiaries and accounting for the estate and completing the necessary returns.

Total fees would be between in the region of £12,000 and £16,800 (including VAT)

 

Acting on behalf of executors (complex estate)

This example is based on us identifying and seeking valuations of assets, working in foreign jurisdictions, dealing with high value assets including agricultural property and dealing with complicated business assets. As well as assisting with the administration of the estate and accounting for the estate and completing the necessary trust tax returns.

Total fees would be between in the region of £21,600 and £36,000 (including VAT).

 

Disbursements

Probate Application Fees are £155. There is a small additional charge for extra copies of the Grant of Probate.

Bankruptcy search – £5 per beneficiary

Notification in The London Gazette and a local newspaper of the individual’s death to protect against claims from unknown creditors – £300 to £500.

 

Dealing with HM Revenue & Customs on behalf of the estate, determining the assets and liabilities of the estate and preparing estate accounts accordingly is something that many of our clients request for our probate and estate specialists to help them with. We have the capacity to help an executor from start to finish with all probate and estate services, home or abroad, small or large, our team provide you with assistance needed to carry out the last wishes of a friend or family member.

Please get in touch if we can support you with probate and estate services and ask for a consultation.

 

We have Professional Indemnity Insurance in place in accordance with the requirements of ICAEW.  In the unlikely event that we cannot meet our liabilities to you, you may be able to seek a grant from ICAEW’s Compensation Scheme. Generally, applications for a grant must be made to ICAEW within 12 months of the time you become aware, or reasonably ought to have been aware of the loss. Further information about the scheme, and the circumstances in which grants may be made, is available on ICAEW’s website.

We have an internal complaints procedure which will be brought to your attention on engagement, should you wish to see this prior to engagement please contact us and we will email or post you a copy. If we do not deal with a complaint within our complaints procedures timescale or you are unhappy with our response you may of course take the matter up with our professional body, ICAEW, and the Legal Ombudsman, details for whom can be provided by email on request.

Licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales.

Details of our probate accreditation can be viewed at icaew.com/probate – our reference number is C003459317

Claire Melton of Stephenson Smart

Our Offices

King's Lynn Office

22-26 King Street, King’s Lynn,
Norfolk, PE30 1HJ

Open 9am until 5pm Monday to Friday

T:   01553 774104

E:   kingslynn@stephenson-smart.com

East Coast Office

East Coast House, Galahad Road, Beacon Park,
Gorleston, Great Yarmouth, Norfolk, NR31 7RU

Open 9am until 5pm Monday to Friday

T:   01493 382500

E:   eastcoastoffice@stephenson-smart.com

Fakenham Office

10 Oak Street, Fakenham,
Norfolk, NR21 9DY

Open 9am until 5pm Monday to Friday

T:   01328 863318

E:   fakenham@stephenson-smart.com

Wisbech Office

2 The Crescent, Wisbech,
Cambridgeshire, PE13 1EH

Open 9am until 5pm Monday to Friday

T:   01945 463383

E:   wisbech@stephenson-smart.com

March Office

23 Dartford Road, March,
Cambridgeshire, PE15 8AN

Open 9am until 5pm Monday to Friday

T:   01354 653026

E:   march@stephenson-smart.com

Downham Market Office

1st Floor, 9 Market Place,
Downham Market, Norfolk, PE38 9DG

Open 9am until 5pm Tuesdays and Fridays

T:   01366 384121

E:   downhammarket@stephenson-smart.com

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