Pixel

Probate Licence for Accountants

Gary Green
Gary Green
October 18, 2016

We are delighted to announce that Key Business Consultants have passed the exams to apply for our probate license.

A probate licence concerns the administering of the estate of a deceased person in order to resolve all claims and distribute the deceased person’s property as per their final wishes.

Accountants have always typically played an important part in helping finalise the administration of an estate. However, it is only since 2014 that they have been able to apply for a licence to handle the full probate services. The only probate matter where a solicitor was previously required was the preparation of the Executor’s Oath but this Reserved Legal Activity is now permissible via the ICAEW.

Licencing for Accountants

The ICAEW (of which we are a member) is an approved regulator and licensing authority for probate services and Key Business Consultants are now able to apply for accreditation to offer probate services. We are delighted to be able to offer our clients a very high standard of probate work whilst at the same time offering a good value alternative to using a law firm for probate services.

We can also help with other work such as negotiating valuations with HMRC to ensure that the amount of tax payable is as low as possible.

It is hard to estimate how long probate can take. A simple probate case usually takes around six months. More complex cases can take twelve months or even longer.

Contentious Matters

It is always our intention to be able to deal sensitively with family members. Our goal is to remove some of the inevitable stresses and strains of dealing with probate matters.

A solicitor may also be required where there are contentious probate matters. We are trained in understanding when non-contentious probate becomes contentious. As such, we are moving, like most accounting firms, towards a hybrid accounting-legal practice. This is an example of an Alternative Business Structures (ABS) structure.

This will allow us to offer more legal services and to provide a more complete service to you.

Interested in our services?
Fill in your details and a member of our experienced team will be in touch shortly to discuss your needs.
We adhere to strict GDPR rules and do not reveal or sell your data to any third-parties. For more, please read our Privacy Policy.
Latest Insights
March 4, 2022
An Overview of EIS (Enterprise Investment Scheme) - All You Need to Know

There are several benefits for the EIS, or Enterprise Investment Scheme, to make this an interesting...

March 3, 2022
Tax Relief for Angel Investors: Gary Green's Webinar for Stakeholderz

Key Business Consultants' principal Gary Green spoke with Stakeholderz discussing the SEIS & EIS scheme and...

February 23, 2022
What Are EMI Share Schemes? All You Need to Know

If you are considering awarding shares to your employees, an Enterprise Management Incentive is often the...

January 31, 2022
Payments on Leaving Employment: How to Reduce Your Tax Liability

Normally the process for leaving employment is quick and straightforward but this is not always the...

January 17, 2022
HMRC Investigations: What You Need to Know

Discovering that you are being investigated by HMRC can be very stressful, even if you are...

January 14, 2022
Business Transactions - Guide to Planning and Executing Efficiently

There are some transactions in business that are significant and require substantial forward-planning to be a...

January 12, 2022
Why Employee Equity is an Important Issue For Every Business

Being a business leader is about being willing to embrace innovation and be flexible about how...

January 10, 2022
An Employer’s Guide to Settlement Agreements

If you need to terminate the contract of an employee, a properly drafted settlement agreement can...

January 7, 2022
Taxation of Private Company Shares - What Should You Know?

Many companies opt to reward their employees with shares or options because of the manifold benefits...

View Our latest insights »
Get the latest UK tax & business news and guidance delivered straight to your inbox
We care about the protection of your data. No spam. Unsubscribe anytime.
Copyright © 2022 Key Business Consultants LLP. Reg: E&W OC389322
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram