The death of a friend or relative is an experience faced by everyone at some time in their lives. When a person dies someone has to make sure all their financial and personal matters are sorted out and left in order. This involves dealing not only with that person’s personal possessions and financial assets but also making sure all the debts are paid and their tax affairs are in order.
Once everything has been sorted out the estate must be distributed, either in accordance with the terms of a Will left by the person who has died or in accordance with the law of intestacy or if there is no Will. This process is called the administration of an estate.
It is not necessary to have any professional help to deal with the administration of an estate. However it can be a time consuming process and, unless you are confident you know what you are doing, things can be missed. In some cases by dealing with an estate in a particular way it is possible to reduce inheritance tax, income tax or capital gains tax liabilities. At Whitaker Firth our lawyers are trained and experienced in attending to the prompt and efficient administration of estates. If options are available that may be of benefit to our clients we can give advice so that opportunities are not missed.
You can be assured that the administration of any estates handled by Whitaker Firth will be dealt with here in Bradford by qualified lawyers and not sent to a remote anonymous central office. Contact Whitaker Firth for clear and independent advice.
