Tom Geraghty & Associates provides chartered accountancy and business advisory services to small and medium-sized enterprises. Based in Newark, Nottinghamshire, we deal with clients of all sectors.
Probate and Wills
Probate
We are now accredited with the ICAEW to perform non-contentious Probate services. This allows us to provide a streamllined service to our clients rather than passing the work to a solicitor, making the work more cost-efficient.
Probate can be a lengthy and time consuming process. It can take up a lot of your time and take longer than you expected to process. If you make any errors when completing the work, you could be held legally or financially responsible. However, if we perform the probate work on your behalf this becomes our responsibility.
As we are accountants, we already have the knowledge of accounting and taxes that goes into probate services. This means we can help to ensure that the beneficiaries receive the full inheritance they are entitled to, whilst also reducing the risk of administrative errors.
Services we can offer:
Getting the grant of probate
Assessing the value of an estate
Dealing with the legal, tax, property and estate administration affairs on your behalf
Will reviews
Inheritance Tax review
Power of Attorney
More availabel upon inquiry.
We cannot conduct contentious probate. If there is a dispute in a probate assignment we take on, that assignment must be passed on to a specialist probate lawyer. Once the point of contention is settled then we can resume the work.
Wills
A Will is a legal document that allows you to specify what should happen to your money, property, investments and possessions, as well as your dependants after you pass away.
If you die without writing a legally valid will, the government will decide who receives the assets of your estate. If you have no living family members, your full estate will go to the Crown. If you have children under 18, other people can make decisions on who will look after them and their finances. By writing a will you can specify your wishes and avoid these issues.
When you get married or enter a registered civil partnership, this automatically invaludates any existing wills you and your partner may have.
We can write:
Single Wills - made just for you.
Mirror Wills - made with someone who has similar wishes to yours.
Trust Wills - made with increased asset protection and flexibility.
Your Will will include:
Who you would like to execute your will (who deals with your estate after you pass away)
Who you would like to inherit from you
Who you’d like to look after your dependents
Details of any specific gifts you would like to make
Your funeral wishes (optional, not legally binding)