Tradespeople (Plumbers, Electricians) + Probate & Estate Administration: The Challenge
As tradesperson, preparing bank statements for probate & estate administration is a common but time-consuming task. Executors and solicitors handling probate need to review the deceased's bank statements to value the estate, identify debts, and distribute assets.
How BankScan AI Helps Tradespeople (Plumbers, Electricians) with Probate & Estate Administration
Convert your bank statements to Excel to track job payments, match material purchases, and get your books ready for self-assessment without hours of data entry. For probate & estate administration specifically, BankScan AI extracts Balance at date of death, standing orders and direct debits payable, regular inc automatically.
How Tradespeople (Plumbers, Electricians) Handle Probate & Estate Administration
When preparing bank statements for probate & estate administration, tradespeople (plumbers, electricians) need to Tradespeople receive customer payments via bank transfer, cash, or card, purchase materials from builders' merchants and wholesalers, pay for van fuel. BankScan AI automates the data extraction step.
Key terms you'll encounter: day rate, materials markup, call-out charge, retention.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Date of death statement plus 6-12 months prior to identify regular commitments, standing orders, and direct debits to cancel of statements for probate & estate administration.
AI extracts what you need
Our AI extracts Balance at date of death, standing orders and direct debits — formatted for tradespeople (plumbers, electricians) workflows.
Complete your probate & estate administration work
Download Excel files ready for probate & estate administration. Date-of-death balance clearly stated, recurring payments listed separately for cancellation, all accounts of the deceased consolidated into one estate summary
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Tradespeople (Plumbers, Electricians) — Probate & Estate Administration
- Built for Tradespeople (Plumbers, Electricians) — Saves 2-3 hours per month on expense categorisation and receipt matching, with year-end self-assessment preparation reduced from a full day to under 2 hours
- Software compatible — Output works directly with QuickBooks Self-Employed, FreeAgent, Excel
- Built for Probate & Estate Administration — Convert the deceased's bank statements to Excel for fast estate valuation, identification of standing orders, direct debits, and outstanding payments.
- Key data extracted — Balance at date of death, standing orders and direct debits payable, regular income sources, any joint account contributions, gifts made in the 7 years before death
Compliance: Tradespeople (Plumbers, Electricians) + Probate & Estate Administration
When tradespeople (plumbers, electricians) prepare bank statements for probate & estate administration, specific compliance requirements apply.
- Self-employed tradespeople must register with HMRC and file self-assessment returns. CIS applies if working as a subcontractor in construction. Gas Safe registration (gas engineers), NICEIC/NAPIT (electricians), and other trade body memberships have costs that must be tracked. VAT registration is required above the threshold.
- Legal basis: Administration of Estates Act 1925; Inheritance Tax Act 1984 sections 4 and 171; Non-Contentious Probate Rules 1987
Probate & Estate Administration — Built for Tradespeople (Plumbers, Electricians)
IHT400 must be submitted within 12 months of death to avoid interest charges; probate grant cannot be issued until HMRC receives the IHT forms
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