Why you should use an ICAEW approved Chartered Accountant to do your Probate Application
You may not know but it is not just Solicitors that can apply for probate. The legal services board has recently licenced a few ICAEW Chartered Accountants to carry out non-contentious probate work. These practitioners have had to undertake a rigorous training regime culminating in an extensive written examination in order to qualify.
So why should you prefer to use an ICAEW Chartered Accountant to carry out your Probate application?
Firstly most accountants have multi-disciplinary practices which include Accountancy and Taxation services. They regularly keep books and records for clients, prepare their accounts calculate their taxes and submit their tax returns to HMRC after advising them of their tax liability.
These are all the skills that are needed in applying for Probate. We already have those skills and do not have to outsource any of the work.
Secondly accountants are tax experts. It is in our DNA and is what we do week in week out. We can advise you as to the best ways to reduce the IHT (Inheritance Tax) on the estate by making use of the complex series of allowances and exemptions that you are entitled to claim.
Thirdly estate accounts can be very complicated to prepare. It is necessary to account properly for all the assets and liabilities and then administer the estate according to the deceased person’s Will after ensuring all liabilities are settled. This is our bread and butter. It is what we have spent many years training as Chartered Accountants to be able to do efficiently and effectively.
Finally because we have all the skills at our fingertips we can operate a fixed fee service without relying on any third parties. Therefore you will have certainty at the outset of the charges that you will incur. You will know at the outset the fixed fees and the resulting peace of mind that this brings.
Why would you want to instruct anyone else? Look for the ICAEW probate practitioner logo below.
Or call Ian Cherry an ICAEW licenced probate practitioner on 01772 201015 for a quote today.