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Executor Support

What is Executor Support?

Our Executor Support solution? involves paying a fixed amount in advance to cover probate and the administration of your estate in the future.

The Benefits

The main Benefits of our unique Executor Support Solution:

The probate process and the administration of a Will can be a complicated drawn out process. The benefits of appointing us to execute your Will ensures peace of mind for all involved. When you appoint us to administer your estate, we offer you:
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WHAT JUBILEE COVER WILL DO FOR YOUR EXECUTOR:

Prepare the documents for your chosen executor to apply for and acquire the Grant of Representation from the court.
 
Our experts will identify and value all of your assets (such as property, investments and possessions) and all liabilities (such as debts, loans, utility bills etc). These values must be calculated in order to determine the total value of your Estate.
 
Letters will be drafted for any government departments such as HMRC, DVLA, Passport Office as well as banks and utilitity companies for your executor to send.
We will assist in closing all bank accounts along with any other relevant accounts.
All beneficiaries due to inherit under your estate must have their entitlement to the estate verified under the terms of your Will (Or intestacy laws without a valid Will)
 
Inheritance Tax will be calculated and presented to your executor to be sent to HMRC and paid where applicable.
We complete your Inheritance Tax return (required whether or not there is tax due) which must be submitted to HMRC and an application to the Probate Registry for the Grant of Representation must be made to confirm legal authority to administer the estate for your
executor.
 
The final estate administration expenses must be paid. Any further Inheritance Tax, Income Tax or Capital Gains Tax due to or from the estate must be declared to HMRC.
Accounts documenting all payments into and out of the estate will be prepared showing the balance left for distribution to the beneficiaries.
Estate accounts will be generated and be sent to the Executor of the Will for approval.
 
As long as there are no challenges to the estate or contentious factors preventing distribution, the transfer of any assets and distribution of the balance of estate funds can take place.
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The probate process and the administration of a Will can be a complicated drawn out process. The benefits of appointing us to execute your Will ensures peace of mind for all involved. When you appoint us to administer your estate, we offer you:

Personality

Knowledge

Understanding

What is Executor Support?

Our Executor Support involve paying a fixed amount in advance to cover probate and the administration of your estate in the future. Our charges are based on your age not on estate values. The younger you are the cheaper the cost.

Most probate applications involve much of the same work. Yes there can be more complex ones, but most estates have a similar amount of work. Why should you pay more to a solicitor because your house has a higher value or you have more savings?

 

The Benefits

 

The main Benefits of an executor support plan:

  • The costs are fixed at the outset, saving your beneficiaries a significant amount of money.
  • You are taking away the burden of loved ones trying to apply for probate themselves and administer the estate at a difficult time.
  • You will feel fantastic that you have your house in order and everything is in place.
  • You can save on Inheritance Tax – probate costs are not deductible from Inheritance Tax. Without a plan, you pay IHT and then probate costs. By paying for a probate plan during your lifetime, you can save on IHT if it is above the nil band threshold.
  • Should you need to go into care, this expense has already been paid. So your beneficiaries won’t need to find the cost to pay for probate themselves.
The probate process and the administration of a Will can be a complicated drawn out process. The benefits of appointing us to execute your Will ensures peace of mind for all involved. When you appoint us to administer your estate, we offer you: