Probate and Administration
Michael Sohor & Co Ltd is licensed to carry out probate work. Our experience of tax legislation and family estate planning will help us to help you when you need us most, following the loss of a loved one. Our expertise in this area can often lead to cost savings in what can sometimes be a very expensive process.
There are a number of different approaches to probate services that are likely to affect the amount of costs you incur. Some advisers charge fixed fees, varying hourly rates or a percentage of the estate value. We believe, however, that our knowledge and expertise in this area can enable us to make savings for you.
We can help you through the most difficult times
Following the loss of a loved one, the paperwork involved in dealing with their estate is often very difficult to face. You will need guidance from people you trust to ensure that the deceased’s wishes, as set out in their Will, have been carried out.
It is now the case that accountants who are registered, as we are, as a licensed probate firm, can carry out certain of the duties that were previously restricted to lawyers. As your accountant, we are extremely well placed to do this. We understand the latest tax legislation and have great experience of family estate planning. We know about assets and liabilities and often have the benefit of having known our clients over many years, so who better to deal with the distribution of your estate. This knowledge can often enable us to make efficiencies.
Today more than ever before, people’s estates can be large and complex. An estate that may have been quite modest at the time the Will was written, could, thanks to rising property prices over many years, be worth a great deal today. This can affect the level of work involved and dramatically affect the costs incurred if you agree to a percentage based charging structure.
Licensed by the Institute of Chartered Accountants in England & Wales to carry out the reserved legal activity of non-contentious probate in England and Wales.