Probate Services

Probate Services

We understand that the application and the process of probate is an emotional and difficult time for individuals and family members who have lost a loved one; we recognise this and prioritise dealing with the individuals concerned in a sensitive manner.

A.I. Cherry is licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal service of non-contentious probate in England and Wales. Ian Cherry was one of the first Chartered Accountants to qualify in this specialised area.

The area of probate and estate administration complements our other existing services that we already offer as a firm of Chartered Accountants to our Clients. We can help to ease the burden particularly when the deceased was a Client of ours, as we will have much of the financial and tax information to hand and are likely to know the next of kin. This can help to simplify the process of probate considerably and keep the costs reasonable and competitive. These services include:

  • Personal and business tax planning, including inheritance tax;
  • Personal accounting;
  • Trusts and estate planning;
  • Trusts and Executorships;
  • Financial planning and wealth management;
  • Self-Assessment;
  • Retirement strategies.

Essentially probate and estate administration is the financial and legal process which happens after someone has died. The objective is to ensure that all the relevant taxes are collected and the remaining assets from the estate are distributed appropriately to the relevant beneficiaries.

We can provide help in the following ways:

  • Obtaining a Grant of Probate;
  • Identifying the assets and liabilities of the Estate;
  • Valuing the assets of the Estate;
  • Completing the forms PA1 and IHT forms;
  • Estate accounts preparation;
  • Income tax returns.

We can also assist with Trusts and Executorships. They are a comparatively simple and a very tax efficient way to set aside assets for future beneficiaries outside of the inheritance tax thresholds.

We can advise on the most suitable type of trust for you, set them up and provide a full range of accounting services for trusts. We can also advise you on the preparation of your Will. Where appropriate, we can act as trustees or executors.

As Chartered Accountants and specialists in Forensic Accounting we have the skills set to deal with more complex cases of probate where matters might not be so straightforward to deal with. In some situations Solicitors will refer probate cases to a Chartered Accountant /Forensic Accountant in cases where say the Inheritance Tax is too technical for them.

Details of our Probate Accreditation can be viewed at (www.icaew.com under Reference Number: C001009163.)

Please get in touch to find out more about our accountancy services and discuss your specific requirements with a member of our team

ICAEW Chartered Accountants
ICAEW Accredited Chartered Accountant
ICAEW Authorised Training Employer
Expert Witness Institute
The Academy of Experts
NEWA 2019