What Happens When You Lose A Loved One?

May 19, 2009 - PRLog -- Probate is the process to establish ownership of an estate before the tax is paid and the assets distributed. The responsibility for probate lies with the executors of a will or the deceased’s next of kin who often appoint a professional firm, such as SWW Trust Corporation, to take on the responsibility. Probate is still required where there is no will although the process is known as Administration.
The executors have a number of responsibilities, including:
•   Interpreting the will and ensuring that the wishes of the deceased as expressed in the will are carried out
•   Identifying all the assets and liabilities of the estate
•   Obtaining valuations of the joint and sole assets as at the time of death
•   Ensuring that the estate of the deceased is handled efficiently and that the funds and assets in the estate including businesses, are properly managed
•   Preparing tax returns for the deceased for Inheritance Tax, Capital Gains Tax, Income Tax and Stamp Duty Land Tax
•   Settling all the debts of the estate including all taxes
•   Completing and filing the relevant court forms
•   Applying for Probate
•   Preparing accounts for the beneficiaries and after payment of all claims, distributing the estate
All of this can be quite daunting, especially when you have to deal with it by yourself. SWW Trust Corporation can handle all of these responsibilities and can support you with Probate, whether or not we are named in the will as an executor and even where there is no will.

If you have recently lost a loved one and need some guidance call us today on 01522 500221 or e-mail info@swwtrust.co.uk
Our fully trained staff understand the difficulties of dealing with probate which is why they are on hand to help, without obligation. Visit www.swwtrust.co.uk for more information.

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About SWW Trust Corporation: We provide friendly, efficient and professional executorship and trustee services with competitive, transparent pricing.
We pride ourselves in delivering a quality service, tailoring it perfectly to meet your needs, whether that is through providing advice or dealing with the complete administration of an estate. You will be allocated a dedicated estate manager who will ensure you or your loved ones receive a prompt and efficient service.
Our family of technical experts are on hand to provide help and support when YOU need it most.