Articles

Losing a loved one is a difficult and emotional time. In addition to grieving, there are practical tasks to handle, including dealing with their estate. If you are the estate executor, one of your responsibilities is to file an inheritance tax return with HM Revenue and Customs (HMRC). Two main forms for filing an inheritance … Read more

When people pass away, their assets and belongings must be distributed among their beneficiaries or heirs. Probate is the legal process of administering a deceased person’s estate and distributing their assets according to their will or the law. In the UK, the probate process involves obtaining a Grant of Probate or Letters of Administration, a … Read more

Probate is a legal process that involves the administration of a deceased person’s estate. The process can be complex, involving various legal and financial issues. For this reason, many people choose to hire a solicitor to help them with probate. However, some people prefer to do probate themselves rather than hire a solicitor. In this … Read more

Probate is the legal process that takes place when someone dies and their estate needs to be distributed according to their will or law. Completing probate can be a complicated and time-consuming process, so it’s important to have a checklist to ensure that everything is done correctly. Here is a checklist article for completing probate: … Read more

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When completing an IHT400 form after someone has passed away, there are several things to keep in mind to ensure that the process goes as smoothly as possible. Here is a checklist to guide you through the process: Gather all relevant information Collect all the information you need about the deceased, including their full name, … Read more

In today’s digital age, we all leave a digital footprint behind when we pass away. This digital footprint can include our social media profiles, email accounts, online banking and investment accounts, and other online accounts. It’s important to sort through these accounts and delete or deactivate them when someone dies, to protect their privacy and … Read more

IHT420 form is processed to claim heritage conditional exemption for any assets in the estate past or present or in a maintenance fund. Completing an IHT420 form can be a daunting task for many people. This is a legal document that is required by the HM Revenue and Customs (HMRC) to report the estate of … Read more

The IHT419 form is processed when an Estator has included a deduction on the form IHT400 for any loans, overdrafts, or money spent on behalf of the deceased that is to be repaid out of the estate. When someone dies, their estate may be subject to Inheritance Tax, and the executors or administrators of the … Read more

The form IHT418 form is used if the deceased had the right to benefit from a trust created by a deed or under someone’s Will or intestacy. If the deceased had the right to benefit from more than one trust, you should complete a separate form for each trust (very important to remember).   Click … Read more

The IHT417 form is used when the deceased had a permanent home in the UK when they died but had assets outside the UK. Completing an IHT417 form can be a daunting task for many individuals who have been appointed as an executor or administrator of an estate. This form is required to calculate the … Read more

An IHT416 form informs the HMRC about any debts owed to the deceased’s estate at the date of their death. It is important to use a separate form for each debt occurred. If the money owed to the deceased was a director’s loan account or a current account with a company or business, there are … Read more

The IHT415 form us used when the deceased had a right to a legacy or share in an estate of someone else who died before them, but which they hadn’t received before they died. You should fill in a separate form for each estate in which the deceased had a right to a legacy or … Read more

This IHT414 form is used when deducting Agricultural Relief on form IHT400 from some or all of the land, property or shareholdings in farming companies, included in the deceased’s estate. Inheritance Tax is a tax that is paid on the value of an individual’s estate after they have passed away. It is important to know … Read more

The IHT413 form within the IHT400 form is used when the deceased owned shares in a company, a business or part of a business – or an asset used in a business and you’re deducting business relief.   Click here to download our FREE IHT Checklist:>>   Step-by-Step Guide to Completing the IHT413 Form Step … Read more