WIQS—grant application protocol
WIQS—grant application protocol

The following Wills & Probate guidance note provides comprehensive and up to date legal information covering:

  • WIQS—grant application protocol

After having taken instructions to deal with the administration of an estate, the WIQS scheme sets out a number of criteria that should be considered, as well as matters to remember when completing the documents for submission to a Probate Registry.

1. PREPARING TO APPLY FOR A GRANT OF REPRESENTATION  
1.1 Collecting information  
1.1.1 Enquire about asset (including those owned jointly) from family members, stockbrokers, accountants and other professional advisers used by the deceased  
1.1.2 Ensure that PRs are aware that they will face penalties if they give inaccurate information to HMRC resulting in underpayment of IHT  
1.1.3 Ensure that similar warnings (where relevant) are given to family members and others from whom enquiries are made  
1.1.4 Where there is a potential IHT liability, check to see if the deceased inherited assets within five years of death to establish the availability of quick succession relief  
1.1.5 Write to asset holders to establish death values