Inheritance Tax & Probate at Fixed Fees
Doshi Accountants is your trusted partner for Inheritance Tax Planning and Probate Services in the United Kingdom. We understand that preserving your wealth for future generations and navigating the complexities of Probate are vital concerns. With our expert guidance, you can safeguard your legacy while ensuring a seamless Probate process. We can be your trusted partner in managing Inheritance Tax Planning and Probate Services in the United Kingdom. With our expert guidance, you can safeguard your legacy while ensuring an all-in-one Probate process.
Inheritance Tax Planning
Inheritance Tax (IHT) is usually payable when an individual’s Estate is worth more than £325,000 when they die.
Everything owned by a person who has died is known as their estate. The estate may be made up of:
- Cash in hand and money in a bank or building society account. This could include money paid out on a life insurance policy
- Receivable by the person who has died
- Private or Public company Shares
- Estate or Property, for example, their home
- Car or Jewellery or any other personal possessions
The standard Inheritance Tax rate is 40%. It is only charged on the part of your estate that is above the tax-free threshold.
There are different rules when you pass on your home or you give your assets to your spouse / Civil Partner.
The Probate or Grant of representation will not usually be issued until the Inheritance Tax (IHT) has been paid to HMRC.
Inheritance Tax (IHT) is paid from the estate of the deceased.
Probate Services
Navigating the probate process can be a complex and emotionally challenging journey, often compounded by the worry of high costs and legal fees. At Doshi Accountants, we understand that during such sensitive times, affordability is a genuine concern. That's why we're proud to offer Affordable Probate Services tailored to your needs. With our Probate expert's guidance and commitment, we ensure that you can honor your loved one's wishes and protect their legacy without breaking the bank. Explore how our Affordable Probate Services can provide peace of mind during the important process.
Probate, also known as Grant of Probate, may be needed when someone passes away.
Obtaining probate provides the Executor(s) or Administrator(s) with the authority to act on behalf of the estate and proceed with the estate administration process.
Whether probate is needed or not relies on how the assets are held and which financial institutions they are held with. It is not depending on the value of the estate.
Even if the Will exists, probate is required.
Please be careful while selecting correct Probate forms.
We offer a full Probate and Inheritance Tax (IHT) services for a fixed fee.