Executry Administration
The death of a family member or friend is always a difficult time. We therefore aim to take care of all matters arising from the person’s death in a sympathetic, speedy and efficient manner.
We have a large team of qualified solicitors dealing with the administration of executries. We can handle all matters in connection with estates, including:
- settling Inheritance Tax liabilities (if any),
- getting Confirmation, (i.e. probate) from Sheriff Courts,
- paying any unpaid bills, funeral expenses and legacies,
- sorting out legacies of specific items,
- making all arrangements for selling or transferring assets, and
- paying the cash shares to the residuary beneficiaries.
Where estates fall below the Inheritance Tax threshold, or are exempt from Inheritance Tax for some other reason, such as where estates pass to surviving spouses or to a charity, it is often possible to finish the administration of these estates within six months. Where estates are liable to Inheritance Tax, and therefore involve negotiations with the Capital Taxes Office, it can take nine months or more before the administration of the estate is finished.
We also offer help in connection with Trust matters. We have a great deal of experience setting up trusts for underage beneficiaries, or those with special needs, as well as charitable trusts. We can also take care of all matters arising in connection with the ongoing administration of such trusts. If you are interested in putting money into trust, we can advise on the most suitable type of trust for you.
We can also help with a Trust emerging in an executry, either under the testator’s Will or under a Deed of Variation Indeed, we often recommend that it would be useful for executors and beneficiaries to enter into a Deed of Variation for tax planning or family protection reasons.
For more information you should look at the Frequently Asked Questions and Links section of this website.
