After the initial conversations with the family, it became clear that the children had amassed their own wealth and had received significant gifts from their mother after their father's death.
They were keen to gather all the information needed to apply for probate and required our expertise in calculating the Inheritance Tax due and working out the best route for payment. They wished to individually engage us to look at their Inheritance Tax position and set up structures for their children.
We were able to assist with the whole process, from obtaining the Grant of Probate through to obtaining clearance from HMRC that no further tax was due. This enabled the family to start their own succession planning, which we advised on, guided and implemented for them.
Due to our expertise and careful planning, the J family was able to navigate the probate process smoothly. They were able to use this sad event to reflect on their own financial and tax position and were able to create a legacy for future generations to come.