What To Do When Someone Dies

As a result of both personal and professional experience, we understand the issues of bereavement.  It is a very difficult time for all those that are close to the deceased.  There is shock, grief and much sadness and it is generally a very emotional time.

In addition to coming to terms with your loss, the executors or personal representatives have the responsibility of administering the estate of their loved one. Family members may wish to take on this responsibility because they wish to save money, they feel their loved ones’ affairs are simple and out of duty by being trusted as the deceased’s executor. This can be a daunting task, particularly to those who have little knowledge of the probate procedure.

In some cases the personal representatives wish to wrap up the deceased’s estate without professional help.  For those unfamiliar with the system, it will take considerable time to learn the legal procedures and to communicate with all relevant parties. These will include asset and liability holders, HMRC, Probate Registry and all beneficiaries, to name just a few. Often, complexities occur that create additional obstacles to be overcome before the assets can be collected and distributed properly.  Furthermore there may be frictions between family members and other interested parties. In many cases a more efficient way of administering estates is possible, which would be far more advantageous to the current and next generation of beneficiaries. This solution is likely to be unknown to those without professional qualification and experience.
Without a Will, you are deemed to die Intestate – this means legislation from nearly 100 years ago decides who benefits from your estate. If you are married with children, your spouse may only inherit the first £250,000 of your personal estate absolutely.

Putting in place a Will ensures that you choose who benefits from your estate. You also can appoint Guardians – people who you choose to bring up your children in the event of your premature death.

Please get in touch with any questions you may have

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Inheritance Planning Company Ltd
18 Walsworth Road

T: 01462 61 66 87

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