trusts and estate administration

Humphrey & Co offers comprehensive support services to individuals who act executors, administrators or trustees.

Estate Support Services:

• Assistance in locating the assets and liabilities of the estate
• Arranging for valuations of listed and unlisted investments, land and property, and chattels and works of art to be carried out by agents at competitive rates
• Preparing the inheritance tax accounts
• Calculating the inheritance tax liability
• Assistance with arrangements to obtain probate
• Full administration including collecting assets of the estate, settling liabilities and legacies and arranging distribution of residue
• Advice on variations and other post-death arrangements and tax-planning opportunities
• Preparation of estate accounts either on an ongoing basis or on completion of the administration, conforming to the standards laid down in the STEP Accounting Guidelines
• Dealing with pre-death income tax and capital gains tax matters
• Dealing with income tax and capital gains tax matters arising in the administration period including completion of trust & estate tax returns
• Preparing tax deduction certificates for beneficiaries
• Conducting all correspondence with HM Revenue & Customs
• Advice and support to executors and administrators

Trust Support Services:

• Advice on the creation of trusts and the options available
• Advice to trustees and administrators on trust related matters
• Liaising with your investment managers
• Full administration of the trust
• Acting as trustee in suitable cases
• Ensuring compliance with current law and practice
• Preparing trust accounts either on an annual or other agreed basis
• Dealing with all tax related matters including completion of the annual trust & estate tax return, completion of periodic inheritance tax returns and calculation of liabilities
• Preparing tax deduction certificates for beneficiaries
• Conducting all correspondence with HM Revenue & Customs

Beneficiary Support Services

We can, if required, advise the beneficiaries of trusts and estates on the tax implications to themselves of the receipt of trust and estate income and assist them with the preparation of their own tax returns or repayment claims. We have expertise in dealing with the taxation of both UK and non-UK residents and domiciliaries.

Our Charges

We charge on the basis of time spent by our partners and staff at rates that are highly competitive, with no value-related element. Prior to starting work we can supply a budget for our charges that will not be exceeded without referral back to you for further instructions.

For more information or to arrange a FREE no obligation consultation please contact us