Chartered Accountants specialising in Probate and Estate administration Services
Offering our clients greater access to justice at reasonable and affordable rates
What is Probate?
Probate may be required when someone passes away. It refers to the ‘Grant of Probate’, officially known as the ‘Grant of Representation’. Probate is required by law if the estate is worth more than £5,000 in value. The ‘Grant of Representation’ is used to release the funds or change asset ownership.
What is estate administration?
Estate administration is the process of sorting out a deceased person’s legal and tax affairs. Everything from bank accounts, personal property and belongings to debts, pensions and Inheritance Tax. Probate is just one component of administering an estate once an individual has passed away.
Valuing assets and paying debts
Over a lifetime, everyone accumulates assets and debts. As part of the estate administration process, all aspects of an estate have to be dealt with. Optimum Probate & Estate Administration (OPEA) will handle everything on your behalf so that you have complete peace of mind.
Legal and tax
From applying for the Grant of Probate to handling the Inheritance Tax, estate administration involves a significant amount of work, both from a legal and tax perspective. OPEA manages all of this work on your behalf. We provide a quick and efficient service.
We’ll protect your family
Handling a deceased person’s affairs is no easy task and estate administration can be complex. That’s why we take on full responsibility so that you don’t have to worry. OPEA will take care of everything on your behalf.
Dealing with property
The family home can be the most valuable part of an estate, financially and emotionally. To help deal with this crucial part of the estate administration, we aim to be able to help you achieve the best price, quickly, and to manage the legal requirements of selling or transferring a property.
All the paperwork
OPEA will deal with all of the paperwork and make the necessary calls, so you don’t have to. This includes dealing with HMRC, liaising with utility providers, resolving pension enquiries and more.
Paying Inheritance Tax Quickly
Our aim is to manage and pay all the relevant stakeholders as soon as possible while ensuring we are compliant with all the relevant rules and regulations. You and your family will receive your entitlement as soon as possible.
Planning ahead
In situations like this, advance planning can always make the process easier and less burdensome. Optimum Probate & Estate Administration can help with the planning required to take care of loved ones. Whether it be related to Inheritance Tax Planning or assistance with Will writing, we are here to help. We also provide a range of other services that can assist with the various tasks during these tough times. If you are in the unfortunate situation of having to administer the estate of someone close to you, please get in touch with Optimum Probate & Estate Administration who are there to support you through this tough time, and offer the expertise required.
OPEA Is authorised and regulated by the Institute of Chartered Accountants in England and Wales.
Will Writing
We advise our clients to create a Will. By not having one can cause more anxiety and stress and create an unnecessary admin burden during the estate administration process. OPEA have a wealth of expertise that can assist its clients ensure that their assets are protected and distributed in the most tax efficient way to protect their loved ones and ensure that the ones they care about receive the benefits of all their hard work.
Power of Attorney
If you are unable to handle your affairs, you want the peace of mind that they are being handled by someone who is trustworthy and competent. OPEA have the skills and expertise available to create and register the POAs for their clients to ensure that their wishes are complied with.