Estate administration is the process of dealing with a person’s legal, financial and personal tax affairs after they have died.
It involves obtaining a grant of probate (confirmation in Scotland). But this is just one element of the process.
All of the deceased's assets need to be dealt with. These could be property, investments, personal possessions, and liabilities, such as outstanding debts and estate expenses.
Other aspects of estate administration can include:
You may wish to administer an estate by yourself, but please be aware this could take a significant amount of time and effort. It also leaves you personally liable for any mistakes made during the process.
Whether simple or complex, the issues faced with dealing with the death of a loved one are rarely straightforward. Tat's because they involve procedures most of us are not used to dealing with, and financial matters are often the last thing on our minds in this situation.
St. James's Place have selected Kings Court Trust as our preferred provider of estate administration. 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 heart of everything they do.