How We Guide You Step by Step.

As a surviving partner, acting as an executor or administrator (collectively known as Personal Representatives, or “PRs”) can feel overwhelming — especially when you’re grieving the loss of a loved one. At Vault Private Client, we understand that many clients have never dealt with probate before. Navigating legal, tax, and administrative duties when a person dies can be daunting.

If you’re asking yourself, “How does probate work?”, our team is here to provide clear, compassionate support. We guide you through all the key steps in the probate process — from registering the death to preparing the probate application, dealing with HM Revenue, and distributing the estate.

Step 3: Preparing the Probate Application & Inheritance Tax Return

• Complete and file inheritance tax forms (IHT400 and supporting schedules).
• Pay any tax due before the six-month deadline to avoid interest.
• Apply for the correct grant — either a Grant of Probate (if there is a valid Will) or Letters of Administration (if there is not).
• Handle international elements, such as resealing foreign grants or domicile evidence.

Step 4: Administering the Estate

• Collect estate assets into an executor bank account.
• Pay liabilities in the correct order of priority.
• Distribute legacies and charitable gifts.
• Claim tax reliefs or refunds, particularly after loss-making asset sales.
• Ensure compliance with income and capital gains tax during administration.
• Prepare estate accounts for beneficiaries.
• Distribute the remaining estate under the Will or the rules of intestacy.