Estate Management covers the practical handling of a person’s assets after death, or for someone planning ahead, including how estates are collected, debts settled and assets distributed under a will or intestacy. A solicitor in this area helps executors and trustees with the administration of the estate, applying for the grant of probate or letters of administration, identifying and valuing assets, settling taxes, and coordinating the distribution to beneficiaries. They may also advise on controlling estate assets during administration and dealing with lifetime trusts and lifetime gifts as part of succession planning.
Where a solicitor protects your position
The person’s death or lifetime plans can trigger irreversible steps, deadlines and potential tax consequences. A solicitor protects your position by ensuring a proper probate or administration process, handling deadlines, registering assets, and coordinating with HM Revenue & Customs, probate registries and financial institutions to secure and distribute the estate.
