The death of a loved one is something that sadly most of us will experience at some point in our lives.
If you have been named as an executor in the Will – or you are the next of kin or close member of the family – then the practicalities of handling probate and estate administration may fall to you.
However, the task can be onerous and many people prefer to use a professional to carry out these tasks on their behalf.
Midgley Snelling Probate Services
Because we understand that our clients’ business and personal wealth are closely linked, we are able to provide a comprehensive probate service.
In addition to offering this specialist service to existing clients, we are also able to support clients of MGI International member firms who need to deal with estate administration matters in the UK.
Our expert team are able to deal with the paperwork and various tasks involved with the probate and estate administration process including:
- Obtaining Grant of Probate
- Helping you identify the assets and liabilities of the estate
- Accessing the assets held in bank accounts, property and share portfolios
- Considering any Deed of Variation opportunities
- Distributing the assets of the estate according to the terms of the Will
- Preparing and submitting any outstanding Personal Tax Returns up to the date of death
- Preparing estate tax returns and settling outstanding tax liabilities of the estate
- Preparing the final estate accounts
- Providing advice on tax planning opportunities for the estate and/or for beneficiaries
- Providing ongoing inheritance tax and succession planning advice
Valuing and distributing assets
We can carry out accurate valuations of all aspects of an estate and also confirm any debts or liabilities owing.
We will then complete the tax returns on your behalf, submit them to HMRC, pay the tax and outstanding bills and distribute the remainder of the estate, on your behalf to the beneficiaries.
Wills and Inheritance Tax
Planning ahead is important in order to protect the assets you have worked hard to accrue and to safeguard the futures of your loved ones. We will work with you to ensure that your financial legacy is as tax efficient as possible by minimising any potential Inheritance Tax burden.
By helping you ensure that your affairs are in order, you will have peace of mind knowing that when you are no longer here, everything will be straightforward for your family and you won’t be leaving them with problems.
Meet our experts
Partner
Tracey Wickens
Tracey advises on our UK corporate clients, from start up entrepreneurial companies, OMBs, UK subsidiaries of international groups and parents of large international groups.
Being both a qualified Chartered Accountant and Chartered Tax Adviser, Tracey is ideally placed to provide guidance for UK companies as they start and grow through to maturity. As a result of over 25 years’ experience in working with UK companies, Tracey has become the firm’s technical resource for Audit & Assurance matters, with knowledge spanning across many different industries and business activities.
Tracey works with her clients by developing growth strategies and tax planning for effective management of costs and profitability. This is facilitated by attending management meetings with clients, as required, to help develop their strategies and providing advice by phone and email.
Tracey has responsibility for the firm’s forensic work, which includes both business valuations and due diligence work. This includes work on business acquisitions, valuation for matrimonial matters and where there has been fraud suspected within a company.
Outside of work, Tracey is a qualified rugby referee. She also manages and coaches youth netball and plays herself. In addition, she has been known to do a bit of running too.
Partner
James Clerkin
James began his tax career in 1999, having attained a degree in History at UCL and post-graduate diplomas in Law and Legal Practice at the College of Law. He has built up extensive tax knowledge in a variety of areas, including corporate tax structuring and planning, business acquisitions and disposals, HM Revenue enquiries and disclosures, capital tax planning, de-enveloping UK residential property, tax on separation and divorce and Stamp Duty Land Tax reliefs.
He has developed a particular interest in the taxation of UK resident non-UK domiciled individuals, advising clients on pre-UK arrival tax planning and tax-saving opportunities such as Temporary Workplace Relief, Overseas Workday Relief, Business Investment Relief and the judicious use of Trusts as well as the UK’s various anti-tax avoidance rules.
He has 25 years tax experience, much of which has involved advising international clients with complex tax affairs, at both personal and corporate levels. His work includes pre-UK arrival tax planning for non-UK domiciled individuals immigrating to the UK, utilising tax reliefs, setting up tax efficient trust structures and corporate restructuring. He also advises clients leaving the UK, particularly in relation to the Statutory Residence Test and the Temporary Non-Residence Rules. Much of our wok originates from the MGI network, which greatly enhances our international tax offering.
Outside of work, James still enjoys the occasional game of football but these days mainly enjoys watching his children participate in athletics, cricket, rugby and football.
Our probate service is flexible and can be tailored to meet your needs. If you would like to find out more about our Probate, Wills and Inheritance Tax services, please get in touch with us.
