Estate administration is the process of dealing with a person’s legal, financial and personal tax affairs after they have died.
It involves far more than obtaining a grant of probate (confirmation in Scotland) which is just one element of the process. It means dealing with all of the deceased's assets (such as property, investments, and personal possessions) and liabilities (such as outstanding debts and estate expenses) before transferring whatever is left to the beneficiaries, but also:
These are just some of the tasks that are involved and every estate is different. While some people decide to administer the estate by themselves, this can take a significant amount of time and effort; and it leaves them personally liable for any mistakes made during the process.
Whether their estate is simple or complex, the issues faced with the death of a loved one are rarely straightforward; not least because it involves procedures most of us are not used to dealing with, and at a time when financial matters are the last thing on our minds.
St. James’s Place have selected Kings Court Trust as their preferred provider of estate administration, to deliver an estate administration service. Kings Court Trust is one of the leading specialist estate administration service providers in the UK and, like us, they place their clients at the very heart of everything they do.
Please contact us if you wish to discuss your personal situation.