Estate Administration Service

We'll help everyone
through a trying time

A friendly, efficient service for complete peace of mind

Losing someone close is probably the most difficult thing we ever go through. No-one wants to be faced with complicated paperwork at times like these. Which is why our considerate and professional team is here to take care of the details leaving family and friends take care of each other.

How our service works

Estate Administration can be a lengthy and complex process. We’ll work with you to ensure that the terms of the will are carried out in an efficient and professional manner.

The service is provided by leading firms of solicitors; Hugh James law firm provides our estate administration service in England and Wales and Brodie’s Solicitors are our partners in Scotland. We chose these two providers for their exceptional level of service. 

Speak to your Premier Banking Manager to find out more about our Estate Administration service.

Important documents

Our guide to estate administration provides a glossary of key terms relating to this service.

How we can help

Estate Administration

Inheritance Tax

Inheritance Tax is a tax payable on the value of your estate (after you die). It’s only payable over a certain amount (or ‘threshold’), subject to specific tax exemptions and reliefs.

Inheritance Tax in detail

To establish how much of an estate is liable to Inheritance Tax, we’ll consider all the Assets and Liabilities held in the name of the person who’s died (the deceased). Assets would typically include property, possessions, savings and investments, while Liabilities might include an outstanding mortgage or loan, unpaid bills or any taxes owed. We’ll also consider the deceased’s share of any jointly-owned Assets.

Any Inheritance Tax owed to HMRC must be paid before we can legally share out the Assets to the people named in the will as Beneficiaries. In most cases, the Inheritance Tax bill is usually settled using funds which are readily available in the Estate – for example, in a savings account of the deceased.

Please be aware that current Inheritance Tax rules and reliefs may change in the future and that their availability and value will depend on individual circumstances.

Capital Gains Tax

The Estate may have to pay Capital Gains Tax if the deceased person sold assets before they passed away or if there’s a capital gain on an asset within the Estate.

Capital Gains tax in detail

If there’s a Capital Gains Tax bill to be paid in the Estate, we’ll use Estate funds to settle it. The rules on Capital Gains Tax can be quite complex, so we’ll always take the time to explain any Capital Gains Tax we have paid carefully.

If any Assets are transferred to you, we’ll tell you what their probate value (the acquisition value) is. This value is important as, if you sell these assets in the future at a higher value, you may have to pay Capital Gains Tax on the sale.

Income Tax

Income Tax must be deducted from any income received by the Estate (at the current rate).

Income Tax in detail

We’ll send you the appropriate tax deduction certificates, which you can then submit to HMRC with your Income Tax return.

We’ll explain exactly what you need to do at the time. If you don’t pay tax, or pay it at a higher rate, these certificates will help you apply for a tax refund or to make an additional payment. It’s very important to keep a careful note of the income you receive from the Estate.

Please note that tax reliefs and other matters referred to are those available under current legislation. These may change, and their availability and value will depend on your individual circumstances. 

Financial advice for Beneficiaries

We can provide a full review of your own financial position to reflect your new circumstances.

Financial advice for Beneficiaries in detail

We can provide a full review of your own financial position to reflect your new circumstances.

Fees apply for this service, however we can arrange an initial, no-obligation meeting to understand if financial advice would be suitable for you, and to clearly explain the charges and fees that would apply.

Our qualified advisers can help you decide how to make the most of your wealth and can offer guidance on investments, insurance, pensions and tax planning.

Please note the service is available to customers who want financial advice and are able to invest £250,000 or more from deposit based capital and hold a minimum of £360,000 in deposit based capital overall.

Common questions

Most of the Estates we administer are finalised within 12 months from the time we start. Some matters, however, are beyond our control. For example, obtaining tax clearance is largely dependent on HMRC, while the sale of a property will reflect the conditions of the property market. We’ll let you know of any unexpected delay.

This rarely happens, but when it does we usually seek legal advice to confirm the interests of the Beneficiaries before making any payments. In England and Wales, we may also defer making payments for seven months after the Grant of Representation is issued if we know that someone may be able to claim on the Estate under the Inheritance (Provision for Family and Dependants) Act 1975. We’ll let you know if it’s necessary to delay payments to you for this reason.

Our fees are usually deducted from the Estate, and if we’re the executor, the charges will probably have been authorised in the Will. If we’re appointed as the Administrator, the Beneficiaries will agree charges before we carry out the work.

Please see our fees, terms and conditions leaflet for further details.

Yes. Court fees will need to be paid when we apply for the Grant of Representation. Fees for specialist services may also have to be paid to third parties, such as solicitors and estate agents (for example, in relation to marketing and conveyancing services where a property is to be sold), and to tax consultants. These fees are deducted from the Estate and will vary depending on the circumstances of each case. Details of these fees for a particular Estate or Trust will be available from the Bank.

No. We try to deal with the property according to the wishes of the Beneficiaries. For example, we may be able to transfer the property into the names of the Beneficiaries after receiving the Grant of Representation or Confirmation if that’s what everyone wants and if circumstances allow.

No. Our Estate Administration Service is provided by Hugh James, Solicitors. If your Estate is in Scotland, Hugh James, Solicitors will appoint Brodies LLP, Solicitors to act on their behalf.

Speak to your Premier Banking Manager

As someone who knows you and appreciates your financial needs, your Premier Banking Manager is well-placed to discuss our Estate Administration service with you.

If you don’t have their mobile number to hand, our customer support team (Premier 24) can book an appointment for you.

Telephone: 0333 202 3332
International: +44 131 278 3507
Minicom: 0800 027 1398