Probate: Should you use an accountant or a solicitor?

Compare the benefits of using a solicitor or an accountant for probate services and make an informed decision on the best option for your situation.

When it comes to probate, choosing the right professional to assist you can make a significant difference in your experience. Solicitors and accountants are both viable options, but which one is right for your specific needs? This article will explore the advantages of each and help you make an educated decision for your probate requirements.

Solicitors: The Traditional Choice

Solicitors have been handling probate cases for ages, and there are several reasons why they might be your go-to option:

Experience: Solicitors have a wealth of experience dealing with various probate cases.

Contentious Cases: If your probate case is contentious or likely to become so, a solicitor licensed for this work is your best bet. They can handle any legal disputes that may arise during the process.

Accountants: The New Contenders

Although accountants are relatively new to the world of probate (they only gained authorisation to handle probate cases in 2014), there are some compelling reasons to consider their services:

Tax Expertise: A considerable portion of probate work involves completing inheritance tax forms and calculating tax liabilities. Accountants excel in this area, and solicitors often subcontract this work to them anyway.

Existing Relationships: If the deceased had a strong relationship with an accountant or if you already work with one, choosing them for probate services can save time and money. Their familiarity with the financial situation can streamline the process, and you may feel more comfortable working with someone you know and trust.

Nichols & Co.

Nichols & Co. is a well-established firm of accountants. We pride ourselves on providing excellent client service, and we look after every aspect of our clients‘ financial needs. Therefore, when the probate qualification was made available to accountants in 2014, we wasted no time getting accredited. Our team of professionals now includes probate experts.

If you’d like help with any aspect of inheritance tax planning, probate, or estate administration, please get in touch today.

Frequently Asked Questions

Do all probate cases require a solicitor or an accountant?

Not necessarily. If the deceased’s estate is straightforward and of low value, you may be able to handle the probate process on your own. However, it’s recommended to consult a professional if you’re unsure or if the estate is more complex.

Can I use both a solicitor and an accountant for probate?

Yes, you can choose to work with both if you feel their combined expertise would be beneficial for your specific case.

How do I find a reliable solicitor or accountant for probate?

Ask for recommendations from friends or family, or search online for local professionals with positive reviews. Don’t be afraid to shop around and ask for quotes before making a decision.