COMPLICATED ESTATE ADMINISTRATION
Our deeply experienced technical knowledge and sensitive approach provide a stress-free environment for executors to resolve complicated estate administration.
In the absence of a will or if a will is not tax effective, we advise on the application for Grants of Letters of Administration. It may be possible for the beneficiaries to take advantage of the opportunities presented by a deed of disclaimer. We advise on all aspects of such deeds and their effect for inheritance tax and capital gains tax purposes.
We advise on opportunities for inheritance tax planning through the estate for beneficiaries such as through disclaimers (including deeds of family arrangement and foreign variations) and managing tax reliefs and exemptions based on practical application of the conditions in the tax legislation.
We are highly experienced in cross border estate matters including foreign deeds of variation and the management of double taxation relief. The relief may be available where the estate is liable to both UK or US capital taxes and Irish inheritance tax. In cases where Treaty relief may not be available we have experience in advising beneficiaries or assets based in other jurisdictions both in Europe (EU and other) and further afield (such as Australia, New Zealand, Canada, South Africa, Hong Kong, Singapore). Where the deceased person owned assets overseas, we can instruct lawyers in those countries on your behalf to deal with the administration of those assets and to advise on any foreign taxes.