Due to our expertise and compassionate approach, Jane was able to navigate the probate process without additional stress. She felt supported and reassured throughout, allowing her to focus on her family and her grieving process. The estate was settled efficiently and in a timely manner, Robert’s wishes were honoured, providing closure for Jane and her family.
We assisted Jane through the process, by setting a clear timeline of tasks that would enable Probate to be granted within six months, this gave Jane the reassurance she needed and the ability to see the path ahead.
We dealt with the end-of-life tax return for Robert, the complex Inheritance Tax accounts, and quickly ascertained the tax bill and how it could be paid from the investments Robert held.
Crowe has vast experience in liaising with HMRC and dealing with enquiries in life and on death, enabling us to give proactive advice on how best to position valuations to minimise a long and protracted enquiry.
Outcomes and benefits
Approach and activities
When Jane's father, Robert, passed away unexpectedly, she found herself overwhelmed with grief and now the daunting task of managing his estate.
Robert had left a Will and Jane was named the sole executrix.
Case study - Sole Executor
How we have helped our clients
Due to our expertise and careful planning, the J family were able to navigate the probate process smoothly. They were able to use this sad event to reflect on their own financial and tax position and were able to create a legacy for future generations to come.
After the initial conversations with the family, it became clear that the children had amassed their own wealth and had received significant gifts from their mother after their Father’s death.
They were keen to gather all the information needed to apply for probate and required our expertise in calculating the Inheritance Tax due and working out the best route for payment. They wished to individually engage us to look at their Inheritance Tax position and set up structures for their children.
We were able to assist with the whole process, from obtaining the Grant of Probate through to obtaining clearance from HMRC that no further tax was due. This enabled the family to start their own succession planning which we advised on, guided and implemented for them.
Outcomes and benefits
Approach and activities
Mr. and Mrs. J were a wealthy couple who had built a substantial estate over their lifetime. Mr. J passed away many years ago, Mrs. J has recently passed away, leaving behind their adult children and school-age grandchildren. Mrs. J's will name her children as the primary beneficiaries.
Case study - Succession Planning
How we have helped our clients
With the combined expertise of the probate, valuations, and accounts Crowe teams, the W family was able to navigate the probate process smoothly.
The family business continued to thrive under the leadership of D and M, and the estate was settled efficiently. The use of Trusts and Business Relief helped reduce the inheritance tax liability, preserving the family's wealth for future generations.
Ensuring the smooth operation of the family business was a top priority. We had knowledge of the family’s business affairs and were able to advise on the best strategies to maintain business continuity, including the transfer of shares and management responsibilities to D and M.
We prepare the valuations of the family business for Probate and deal with the timely preparation of the management accounts to date of death. We liaised with Companies House and prepared the necessary documentation needed on the death of a director.
Due to the size of the estate, inheritance tax was a significant concern, we were able to advise on the availability of Business Property Relief and prepare the claims for HMRC. We also assisted the family on the journey of using Trusts for future generations.
Outcomes and benefits
Approach and activities
The W family owned a successful manufacturing business, which had been in the family for three generations.
Mr W recently passed away leaving behind his wife Mrs. W and their two sons D and M, who were both actively involved in the business. Mr. W's estate was complex, involving significant business assets, personal investments, and properties.
Case study - Probate for a Family Business
How we have helped our clients