Back
Is Self Assessment deadline stressing you out? We can sort it for you. Learn more

Probate

Probate means taking care of a dead person’s estate.

The probate involves:

  • valuing their property and other assets
  • paying any leftover debts and mortgages
  • paying Inheritance Tax (IHT) if the estate is over the IHT threshold (£325,000 in most cases)
  • distributing whatever is left of the deceased’s wealth to any beneficiaries as inheritance.

The executor of the will usually does the probate if the deceased left a will and named someone. Otherwise, the beneficiaries (often the family) can appoint a lawyer or another person to do the probate.

Hey there! We really hope this article helped you. Tax matters can be a dreadful topic at times. We know. That's why we started TaxScouts.
A stress-free way to getting your taxes done.

Have a minute? See how it works

More guides & useful information

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

Learn more

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.

Taxes as they should be done

Let’s get yours sorted today.
Get started