Leo Abse & Cohen
Solicitors

When someone dies, sorting out the financial affairs can be an unmanageable burden at a very difficult time. Generally, assets of the deceased (unless below £15,000 in total) will be frozen until a legal authority known as a Grant of Representation is obtained.

The liabilities of the estate, which may include Inheritance Tax, must be calculated and paid before the net estate is distributed according to the Will (or where no Will, the intestacy rules). 

We can deal with all aspects of the estate administration where we are appointed as executors or to relieve family members from this burden at a difficult time.

Whether or not there is a Will, disputes over the destination of assets are not uncommon and always distressing for all involved.

Inheritance Tax may be a concern and it is important to be aware that in many cases there is a window of opportunity to put planning measures in place after the event. This usually involves a Deed of Variation of the Will or intestacy provisions and can reduce or eliminate present or future Inheritance Tax liabilities.