Probate

Dealing with an estate

When a loved one has passed away, the thought of sorting out their financial affairs and estate can often be overwhelming.

We appreciate these difficulties and in light of this we are there to assist. As one of the best probate solicitors London, we work hard to ensure that dealing with such matters is  as easy as it can be. Alongside this, our highly qualified estates and probate solicitor team will see that this is done to a high level of legal expertise.

It is also understood by us that advice needs to be suitable to your specific needs. As a result we are able to assist in matters ranging from the application for a Grant of Probate as well as dealing with any issues of inheritance tax or even some of the minor probate and estate administration issues. This help is not limited to whether in fact there is a written will or not.

Probate involves applying to the Court (Probate Registry) and submitting a tax declaration to HM Revenue & Customs for the purpose of Inheritance Tax (death duties) even if no tax is payable.

Our probate solicitor will carry all the necessary work which includes (but not limited to) the following:

Legal

  • Preparation of the necessary documentation in order to obtain the Grant of Probate
  • Application to the Probate Registry to get the appropriate Grant of Representation
  • Ensuring the correct distribution of the estate:
    • Assessment and resolution of any claims against the estate
    • Placing all statutory adverts to manage claims against the estate
    • Making an assessment on any variations of how the estate is to be distributed

Administration

  • Communicating with executors and beneficiaries of the estate throughout the course of the administration of the estate
  • Communicating with financial institutions and relevant organisations to the estate throughout the course of administration of the estate
  • Identifying, verifying and valuing assets based in England and Wales
  • Gathering assets of the estate
  • Preparation of accounts of the estate for beneficiaries
  • Distribution of the estate to beneficiaries

Tax

  • Preparing and completing effective Inheritance Tax Planning
  • Claiming any relevant relief or exemptions that might apply to the estate
  • Calculating any Inheritance Tax that might be owed

Pindoria Solicitors has experienced solicitors that specialise in helping clients obtain probate.  Probate is the process of giving someone the right to deal with a deceased person’s assets (called the estate) for the purpose transferring those assets of the deceased to the lawful executors (if there is a Will) or administrators (if there is no Will) for distribution to the rightful beneficiaries.

Please contact our Probate lawyers for more information about Pindoria Solicitors probate service and need advice on effective probate and estate administration.

FAQ

  1. What is probate?

    We are generally asked this question, ‘What does probate mean?’ since there is a lot of confusion regarding probate.

    Probate is a legal process of reviewing a deceased person’s will and administering their estates – such as dealing with their debts and assets – according to the terms of the will. Probate, in general, means getting the required permission for dealing with a part of a deceased person’s will or the entire process of settling the estate.

    Although you can choose to administer the will by yourself, it is always a good idea to seek professional and expert help by involving experienced probate solicitors.

  2. What is the process for probate?

    The process for probate is usually divided into four parts. The first part is:

    1. The applicant should make an application to the District Judge using a signed and verified probate petition.
    2. The next step involves sending the application to the High Court.
    3. Documents proving that the testator had free will in preparing his last will have to be submitted to the court.
    4. In the final step, the court will verify the authenticity of the documents and the details. It will then decide to invite the closest kin of the deceased to claim the probate.

    The process is complete when the courts file no objection even after 30 days. We understand that this process might seem overwhelming for a few.

    That’s a reason why we recommend hiring reputed Wills and Probate Solicitors to help.

  3. How much do solicitors charge for probate?

    First, ‘How much does Probate cost?’ – let’s break down the probate costs for better understanding.

    1. If the estate is valued at less than £5000, the probate application is free.
    2. If it is valued much more than that, probate fees for application are £215.

    If your estate is complicated and complex, it is better to hire probate solicitors who can do the legal work.

    They can charge you a percentage of the estate for their services, a designated hourly rate, or a fixed rate for the entire process.

    The probate solicitors fees vary depending on the complexity of the case and the value of the estate.

  4. What is a Grant of Probate?

    A grant of probate is a legal document that gives the executor the authority to access the bank accounts, settle debts and sell assets according to the deceased’s will. A grant of probate is given only when the deceased has left a valid will. In case a will is not drafted, a Grant of Letters of Administration can be used.

    Only after obtaining probate does the named person gain authority to deal with the deceased’s estate. It should answer your question, ‘What does Grant of Probate mean?’

    However, should you have any doubts, reach out to our experienced group of probate solicitors to guide you.

  5. How do you know if probate is necessary?

    ‘Do I need probate?’
    If you are named the executioner in the deceased’s will, you might have to apply for probate. It will give you the legal authority to deal with the estate as mentioned in the will. However, you do not always require probate to be able to deal with the estate.

    You don’t require letters of administration or probate, if,

    1. The estate only has cash, furniture, jewellery, and other personal items.
    2. The property mentioned in the will is a part of the Beneficial Joint tenants. In this case, the other co-owners automatically own the whole property.
    3. The estate is insolvent – that it doesn’t have enough money to pay off the debts.
    4. You and the deceased owned a joint account.
    5. The estate money is significantly small.

    Although not a comprehensive list, this should answer your doubts on ‘Is probate necessary?’ n for dealing with a part of a deceased person’s will or the entire process of settling the estate.

    Although you can choose to administer the will by yourself, it is always a good idea to seek professional and expert help by involving experienced probate solicitors.

Book Your Consultation with Probate Expert Now.