Why involve an IFA when dealing with probate or confirmation?
August 8, 2018

The majority of people use a solicitor to deal with probate or confirmation on a will, but fail to combine the assistance they are receiving from their solicitor with the advice they should be taking from an IFA to help save them money and reduce the potential tax bill on an estate.

For solicitors that work alongside a trusted IFA, this can be a real value-added service they can offer clients, and is also a real opportunity for both solicitor and IFA to secure new clients from the next generation of the family they have both helped.

There are many ways an IFA can help in probate cases, such as:

  • Posthumous applications to HMRC, to avoid tax charges on large pensions;
  • Highlighting any government benefits that the surviving spouse might be eligible for; or
  • Arranging for an additional ISA allowance where savings are involved.

Once probate has been carried out, the IFA will then be able to advise the family on the best way to maximise investment returns on any money inherited, and hopefully secure future business for both solicitor and IFA from the next generation of the family.

With more and more businesses looking at how they can keep in contact with the intergenerational transfer of wealth and future business when probate is carried out, this is a model of working together which can produce growth, profitability and sustainability for both IFA and solicitor.

If you would like to discuss how Money Advice & Planning Ltd can add value to your clients and enable you to offer an additional service to them then please contact us today on 0345 241 1808 or e-mail us at

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.