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How do I prepare a statement of affairs? List all the assets and calculate the total assets. Non-current assets. Write down the value for the total capital and liabilities. It is the same as the total assets. List all the liabilities. Non-current liabilities. Find the missing capital value.
Step 1 Statement of Affairs (Probate) Form SA2 To make an application you will need: Personal details of the deceased person (including their PPS number) The applicants details. Details of the beneficiaries, including the value of their inheritances and their PPS numbers.
A statement of affairs is a financial statement that displays assets and liabilities, but its not as detailed as the balance sheet. The statement of affairs is a single entry system that shows the beginning and ending balances for capital. If the ending capital is higher, theres a profit; otherwise, theres a loss.
A statement of affairs is a record of a companys financial position at that particular moment. This listing of assets and debts serves as an explanation of how the business is insolvent. Creditors can look at the statement of affairs and see that the business is unable to service their debt properly.
If the person who died passed away on or after December 5th, 2001, you must complete the Statement of Affairs Form (SA. 2). This form is accessed through Revenue.ie under myAccount or ROS. If the person who died left a will, you must upload a copy to Revenue as part of your online Statement of Affairs submission.
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If there is tax to pay, or if the affairs of the deceased do not meet certain conditions, you will have to provide a formal account of the estate by filling in form IHT400 and sending it to us. Where the deceased died abroad and you do not think there will be any tax to pay you should start with form IHT207.
To complete this form, you will need: applicant details. personal details of the deceased person, including their PPSN. details of the beneficiaries, their PPSNs, and the value of benefits taken. details of the deceased persons assets held solely, jointly and by nomination at the date of their death.

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