Accountants: The advantages of offering Probate

Accountants: The advantages of offering Probate

Following on from our first blog post, Accountants: Could you be offering probate? we continue with our series looking at the advantages offering probate can bring to accountancy firms. Provide your email address to sign-up and receive the final edition of our blog series, a helpful ‘How to Guide’ on setting up a probate department straight to your inbox.  

Investing in probate services presents an exciting opportunity for many accountancy firms, more obviously because it is such a close fit with estate management and inheritance tax work that accountants have been carrying out for years, but it also provides accountants with the potential to extend their service offerings.

Accountancy services continue to evolve, with probate and estate management being an obvious extension to their current portfolio of services due to the work involved in producing estate accounts and dealing with capital taxes.

One-stop-shop experience: Accountants have the skill set and experience in conducting estate administration and inheritance tax planning activities. By providing probate services they can give their clients a complete one-stop-shop experience.

Greater client relationships: The probate process can be extremely stressful. This stress can be reduced through familiarity and trust with the individual conducting the grant of probate. Regular and ongoing relationships between clients and their accountants help make the accountant the trusted business advisor of choice.

Trust in Service: Having the same point of contact overseeing all business and private matters helps build trust. Clients are familiar with the service provided and know the high spec they will be receiving. Practitioners providing probate have found that it can be a bridge to greater involvement with their client’s heirs, paving the way to becoming a multi-generational trusted advisor.

Quick Adoption of Probate Software: Setting up a probate department from scratch although daunting can provide excellent opportunities for accountants or tax advisors. From research over 40% of law firms think technology could improve the bereavement process with 22% of firms stating investment in technology is their highest ranked priority for the next 12 months. It is this research that allows accountants or tax advisors to adopt best practices from the start, through implementation of specialist probate software.

Entering the probate market can bring many advantages as listed and the implementation of specialist probate software eases the process for the accountants or tax advisors. Exizent is specially designed for professionals and team managing probate, our platform helps streamline inefficient and costly processes, and increase profitability with easier estate management and case administration. Through our cloud-based platform, you and your team can start your probate journey, without the need for intensive training or complicated configuration.  Grow your probate team with the latest technology from day one, organising your cases and users with secure remote access.

To find out more about our platform or to book a demonstration with one of our team members click here.

 

This article was submitted to be published by Exizent as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.

Exizent

 

 

 

 

 

 

 

 

 

Exizent is the industry platform for professionals involved with managing the bereavement process.

Learn the ins-and-outs of Exizent in this quick introductory video:

Exizent connects the data and services used by legal services firms, institutions and executors when someone passes away, to make the journey for the bereaved an easier one. Exizent’s mission is to help everybody reduce uncertainty in the process, increase the speed to resolution, and make the bereavement process more straightforward for everyone involved.

Specially design for legal teams, our straightforward cloud-based platform allows you and your team to start your probate or confirmation journey, without the need for intensive training or complicated configuration.

  • Collaboration and remote working

Easily create and manage all your cases in one place, assigning members of your team to work together with more clarity and efficiency. Capture all estate information in easy to navigate cases, adding details on people, assets, and liabilities.

  • Simplify Estate discovery

Access a deceased individual’s financial information in real time, from bank accounts to mortgages, directly on the platform at the click of a button, simplifying your estate discovery.

  • Quickly generate legal forms

Automatically produce fully or partially completed Court and Inheritance Tax forms from the data within your case, reducing rekeying and the potential for errors being made. From complex financial calculations to reformatting data, our platform greatly reduces the time taken to complete your forms.

  • Dedicated support

We ensure your team have the support they need. Our knowledgeable Customer Success team have the training and knowledge you need to take advantage of industry changes and digitisation within your existing workflows and processes.

CLICK HERE to book a zero-obligation demonstration today

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