We had a call from a 78 year old lady whose brother had died. Her brother was single and did not have any children. She too was not married and had no children to help. She had been given our details from her niece whose mother’s estate we had dealt with 2 years previously. Alec Smith, Valued Estates Managing Director went to meet the sister of the deceased at his house in London. She was very uncertain about what her brother had in the way of assets but the location of the house meant that it was valued at £1.2 million. This case study shows how Valued Estates managed an estate with a large Inheritance Tax Liability.
The estate consisted of: –
As there was evidently a large Inheritance Tax Liability, the sister decided that the house would have to be sold. We were engaged to administer the estate and a fixed fee was agreed.
Our fee covered the following aspects: –
During the administration period the sister received weekly feedback via telephone and called us if she was in doubt about anything. We made 14 visits to the house to assist the sister with the process. This was all included in the fixed price at the outset.
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