Probate & Estate Planning

The importance of writing a will cannot be over emphasised. Your will not only sets out your intentions in regard to your assets (including your business) following your death but, for those with children below the age of majority, should also indicate your wishes regarding their guardianship. Hence your will is a document that should be drafted now and not something you would defer until post retirement.

We work with several firms of solicitors and will writing services who may draft the document for you but during the process we may advise on planning your estate and organising bequests to family, friends and charity in a tax efficient way.

The rates and allowances for inheritance tax change annually and you should review your will on a regular basis.

Probate:

With the recent relaxation of legal services legislation, Chartered Accountants may now deliver probate services. This was previously the exclusive domain of solicitors.

Hunter Healey were one of the first firms in the area to receive authorisation from ICAEW to provide this service.

Obtaining the grant of probate is an area well suited to the skills of an accountant encompassing the valuation of assets, completion of estate tax returns and submission to HM Revenue & Customs.

When acting for existing clients, the use of a trusted advisor well versed in the financial affairs of the deceased may provide comfort to the family at this difficult time. We are also available to accept instructions from new parties where we may provide a cost effective and professional service.