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In England, inherited wealth covers the transfer of a person’s estate after death, including wills, intestacy, executors, probate, and any trusts or legacies. A solicitor in this area helps prepare and execute wills, contest or defend estates, apply for probate, advise on tax implications, and resolve disputes about gifts, estates, or heirs. They work with executors, beneficiaries, trustees, and sometimes courts to secure proper control and distribution of assets according to the deceased’s wishes or applicable law.
This work involves administering estates under the will or the Intestacy Rules, handling executors’ duties, valuing and gathering assets, paying liabilities, and distributing the residue to beneficiaries. It often requires navigating intestacy, trust provisions, capital gains and inheritance tax considerations, and potential disputes among beneficiaries, guardians, or family members. The solicitor's role includes coordinating tax compliance and, where needed, liaising with accountants and the Probate Registry.
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