Seneca Reid Ltd - Estate Administration

Life Centred Financial Planning

01279 218710 info@senecareid.co.uk

Estate Administration

Estate administration is the process of dealing with a person’s legal, financial and personal tax

affairs after they have died.

It involves far more than obtaining a Grant of Probate (Confirmation in Scotland) which is just one
element of the process. This means dealing with all their assets (such as property, shares and
personal possessions), paying debts and paying any Inheritance Tax and Income Tax. Whatever is left
in the estate is then transferred to the beneficiaries. Estate administration can be extremely
complex and is required after every death, whether or not there is a Will.

In order to complete the estate administration process, there are a number of tasks that need to be
carried out, including:

• Notifying beneficiaries and dealing with their questions

• Redirecting post and cancelling or transferring utilities

• Dealing with any Income Tax liabilities

• Advising on the distribution of assets to avoid or mitigate tax liabilities

• Calculating and paying Inheritance Tax where relevant

• Dealing with specialist legal work

These are just some of the tasks that are involved and every estate is different. While some people

decide to administer the estate themselves, this can take a significant amount of time and effort;
and it leaves them personally liable for any mistakes made during the process.

Whether their estate is simple or complex, the issues faced with the death of a loved one are
rarely straightforward. That’s why Seneca Reid has partnered with Kings Court Trust,
our preferred provider of estate administration, to deliver an estate administration service.

Most of us are not used to dealing with the complex requirements of estate administration,
especially at a time when financial matters are the last thing on our minds. Kings Court Trust is
one of the leading specialist estate administration service providers in the UK and, like us, they
place their clients at the very heart of everything they do.

The service promoted here is not part of the Openwork offering and is offered in our own right.
Openwork Limited accept no responsibility for this aspect of our business. This service is not

regulated by the Financial Conduct Authority.

DIY Probate is a free online information service

This website can provide you with support to understand what to do when someone dies.

Taking care of the tasks following the death of someone isn’t something you will face on a regular basis and knowing where to start can be daunting. DIY Probate is a free online information service which has been created to help you understand what needs to happen after someone dies.

DIY Probate is powered by Kings Court Trust and it covers the following topics:

• The funeral
• Death certificate and Coroner's Inquest
• Personal Representatives
• Estate administration
• What to do when someone dies
• Intestacy (when there is no Will)
• Planning ahead
• Money and tax
• Probate and legal
• Registering a death and informing others
• The responsibilities of an Executor
• Writing a Will

Click here to discover DIY Probate

Intestacy Flowchart – England & Wales

Leaving a legacy

A guide to successful estate planning

What is estate administration?

Understanding estate administration

A guide for families dealing with the affairs of someone who has died

Bereavement task guide

Understanding the steps involved in administering an estate following a bereavement.

The Executor guide

This guide aims to explain what it means to be an Executor, as well as what tasks could be involved.