Top executor responsibilities to beneficiaries Stockport? Whether personal or business related, financial problems can prove extremely distressing for those involved. Knowing you’re facing potential bankruptcy or insolvency can feel like a burden, and that’s why our team of solicitors will guide you through the process, providing practical yet valuable advice. Our team will review your current financial status and work hard to assess what needs to be done to obtain the best possible outcome for you, your business and your loved ones.
Although often unavoidable, disputes relating to property of any kind can be complex and frustrating. With extensive experience of dealing with property disputes for both residential and commercial properties, our dedicated team of solicitors are fully equipped to support and advise you throughout your case, with the goal of achieving the best possible settlement. Our experience covers a wide range of areas within property litigation. Regardless of the individual circumstances, you can trust our team to help and support you whatever the circumstances.
Bromleys is the trading name of Bromleys Solicitors LLP, formerly known as Bromley Hyde & Robinson. We’ve been based in Ashton-under-Lyne for over 175 years and are authorised and regulated by the Solicitors Regulation Authority. We have an excellent reputation with our clients, peers and the wider business community and pride ourselves on providing clear, concise legal advice. We have very strong links within the local community and we not only act for, but strongly support local charities. We also provide free legal advice at our twice-weekly clinics to members of the local community. We are proud to be associated with both Tameside and Manchester. See additional details at conveyancing Lydgate.
A more common problem for the Executor is how to fund an Inheritance Tax bill when assets have to be sold to fund it. HMRC expect Inheritance Tax to be paid within six months of the date of death. After this time, HMRC will start charging interest on the unpaid tax. The bigger catch is that the Executor cannot sell the assets until probate has been granted. It is possible to release funds from cash and certain investments to pay the Inheritance Tax bill. If there is a property, then the tax on the property can be paid in instalments. However, you still need to find 10% of the bill within six months of the date of death. Which depending on the value could be more than is available in liquid cash. The tax affairs of a deceased person’s estate can be very tricky to deal with and you should always seek advice if you are uncertain of how to act in your capacity as Executor.
At Bromleys Solicitors we have an expert team of solicitors who can help in protecting your property against potential future care home fees. If you are concerned that in the future you may need residential care or have to pay nursing home fees, then contact us to discuss how we can help. We can assist wherever you are based and we are located in Greater Manchester. To find out how we can help protect your assets and to find out more about the fees involved, please call us on 0161 330 6821 or fill in our online form. Alternatively, you can email us on bromleys@bromleys.co.uk and we’ll call you back. Read even more information on https://www.bromleys.co.uk/.