Dawn Clarkson is pleased to offer a professional and competitively priced probate service, trading as Wills and Estate Planning Ltd.
Dawn is one of the first accountants in the North of England to be accredited and licensed by the Institute of Chartered Accountants in England and Wales to provide this service. Previously it has been a service reserved for solicitors and the legal departments of the major banks.
We are an affiliate member of STEP (Society of Trust and Estate Practitioners), a worldwide professional organisation. Our service offers you the peace of mind that your interests are being protected by a trusted organisation.
What does the probate service provide?
The level of service and support that you require from Wills and Estate Planning Ltd can be agreed at the outset. This is flexible and you can choose to pass the entire process to us or we can assist in those areas where you need most help.
The full service includes:
Compiling details of the deceased’s assets and liabilities
Obtaining professional valuations
Completing the inheritance tax (IHT) accounts and forms
Claiming appropriate IHT reliefs and exemptions and calculating the IHT payable
Applying for and obtaining the grant of representation
Gathering in or selling the assets of the estate
Settling the debts of the deceased and arranging for the payment of inheritance tax
Reviewing the potential tax savings through a variation of the Will within 2 years
Dealing with income and capital gains tax liabilities of the estate
Paying legacies and distributing assets to the beneficiaries
Preparing final estate accounts
How much does our full probate service cost?
We think that it is much fairer to charge based on the time spent taking into account the complexity involved rather than simply charging a fixed percentage of the estate value which tends to penalise those estates of high value but relative simplicity.
No two estates are alike and the value and complexity of the estate needs to be assessed before a fee estimate can be provided. If foreign assets are involved then the time and costs will be higher.
We understand that for your own peace of mind, you need to know in advance, what the maximum fee might be. Consequently, we will agree a cap on our fee, although in most cases, the actual fee will be less than the cap, based on the actual time spent.
In setting a cap on our fee we also have to fix a minimum fee for those estates of low value which can still involve considerable work. The minimum fee is £1000.
Our fees do not include any third party costs that arise such as professional valuations for probate purposes or legal fees associated with the transfer of property.