How You Can Save On Probate Costs – West London
How You Can Save On Probate Costs – West London
We are authorised to undertake probate and estate administration by the Institute of Chartered Accountants for England and Wales (ICAEW). (Link opens in a new tab.)
Why We Can Reduce Probate Costs and Taxes
Clients are often shocked at their probate-related costs, especially their taxes. We’ll help reduce them because:
- Our flat-rate fees are often significantly less than a solicitor’s.
And
- We’ll help reduce your probate-related taxes (even when executing an existing will).
Together, you could save tens or hundreds of thousands of pounds on your probate.
Reducing Your Probate Costs
We offer a flat-rate probate service. Our typical fees are £1,995 – £4,995.
By comparison, many solicitors charge 2% of the estate value. That means even for an estate valued at £300,000, they’d charge £6,000.
We’d save you more than £3,000 – and quite simply – the larger your estate, the more you’ll save.
Reducing Your Probate Taxes
We can also help you unlock significant tax savings because:
- Even when presented with an existing will, we can help you minimise a wide range of taxes, such as:
- We can create and manage Trust Funds to preserve your wealth for your children.
Johnsons’ Probate Service:
We’ll save you the time and frustration of filing your probate with HMRC and reduce your taxes because:
- You’ll receive comprehensive, tailored probate and tax advice for your specific needs.
- We ensure your tax returns and submissions to HMRC are correct.
- We’re a full-service, mid-sized firm of Chartered Accountants with 70 staff.
Probate Case Study
The Probate Problem
In his 80s, our client owned a hotel and wanted to minimise his inheritance tax (IHT) and ensure his estate passed to his children.
How We Helped
We used our combined expertise in tax planning, investment management and probate to meet his objectives. We then helped him implement it correctly – ensuring arrangements were watertight. Our probate arm will also administer his estate.
The Result
Our client’s estate will be passed on to children, and they will save £2m in taxes.
Probate Management Team
J Stuart Thomson MA CA FCT ATT MCSI
Group Managing Director
- Chartered Accountant (Institute of Chartered Accountants of Scotland)
- Associate Chartered Accountant (Institute of Chartered Accountants of England and Wales)
- FCT – Fellow of the Association of Corporate Treasurers
- MCSI – Member of the Chartered Institute of Securities and Investments
- ATT – Association of Tax Technicians
Karen Stone FCCA
Senior Enquiries Lead – Accountancy and Tax Advisory Services
- Fellow of the Chartered Institute of Certified Accountants (FCCA)
- Member Association of Accounting Technicians (MAAT)
- Advises owner-managed businesses, personal tax and trust clients.
- Works with our tax and accounts departments in an advisory role.
Peter Briant CTA
Tax Manager
- Chartered Tax Advisor with 20 years experience.
- HM Revenue and Customs (HMRC) Inspector of Taxes.
- Has worked in tax strategy, tax investigations, large business, public sector, personal tax and corporation tax.
- Represented HMRC in discussions with foreign fiscal tax authorities.
Steve Fleming FCCA
Senior Manager
- Fellow Member of the Association of Chartered Certified Accountants (FCCA)
- Steve qualified with a top-20 firm. He has 20 years of post-qualification experience.
- Areas of expertise include: corporation tax, personal tax, management accounts and numerous ad hoc projects.
Ian Dodge ATT
Senior Tax Manager
- Association of Taxation Technicians (ATT)
- Certified in Probate and Estate Administration
- Ian leads our tax advice services.
- Over 20 years of experience, he previously worked for HMRC.
- Provides technical tax support for tax barristers.
Next Step
Contact us to find out how much you could save – and relieve your probate headache. You’ll be pleased you did.
Please note: We only work on uncontested probate.