Intestacy
This essential guide, presented by Derek Phillips of Kidsons Ltd Chartered Accountants & Tax Consultants, is designed for individuals dealing with an intestate estate in England and Wales.
The video first addresses less complex estates where a Grant of Representation (Letters of Administration) may not be required, such as those comprising solely of chattels or jointly owned property/bank accounts.
For all other estates, the video clearly illustrates the six-stage process required to administer the estate in accordance with the law (Non-Contentious Probate Rules 1987 as it operates in 2025):
Determine the Applicant: A flow chart based on Rule 20 simplifies identifying the closest living relative who can apply for Letters of Administration.
Gather & Value the Estate: Guidance on creating a full inventory of assets and liabilities, and where to find official valuation rules.
Document Data for HMRC & Probate: Information on completing an estate valuation schedule, checking if the estate is an "excepted estate," and completing the IHT 400 form if Inheritance Tax (IHT) is applicable.
Settle IHT & Apply for LOA: Explains the requirement to settle any IHT due before the Probate Office can process the PA1 forms.
Administer the Estate: Advice on dealing with potential claims and liquidating assets to determine the distributable value.
Settle with Beneficiaries: Outlines how to follow the rules of intestacy for distribution, complete the estate accounts, and file final tax returns.
Further information and contact details for Derek Phillips at Kidsons Ltd are provided for professional support with non-contentious probate and administration matters.
