HANDLING AN ESTATE AND PROBATE

Understanding the probate process and your responsibilities can be stressful and time consuming especially when dealing with the death of a loved one. Probate can therefore often become a burdensome and long process. Our specialist team can provide sympathetic, friendly and practical advice in order to guide you through the maze of forms, advise you on the process or handle it all for you.
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At this sensitive time, we aim to take the responsibility and pressure away from you. In the instance that the Executor named in the Will cannot, or does not want to, deal with the Estate for whatever reason, our Probate Solicitors can also provide the service of taking on the full role of Executor.

The responsibilities of an Executor:

  • Funeral arrangements and any funeral related wishes of the deceased.
  • Apply for the Grant of Probate, allowing them to distribute the estate in accordance with the will.
  • Find out who will inherit from the estate
  • Contact organisations that hold any assets such as banks and pension providers
  • Complete Inheritance Tax, Income Tax and Capital Gains Tax forms and pay the necessary taxes that are due
  • Pay any further liabilities of the estate.
  • Distribute remainder of the estate to the beneficiaries

How we can help you:

 

  • Interpreting the Will and helping you understand anything that isn’t clear
  • Calculating the value of the Estate and any tax liabilities
  • Completing Inheritance Tax forms and preparing the Oath to make an Application for a Grant of Probate or Letters of Administration.
  • Preparing Estate Accounts for approval and paying the final balance to the Beneficiaries.

Contact us online or speak to one of our dedicated specialists on 01228 272395 for a free initial consultation.

Our charges for administering an estate

Our fees are based on your individual circumstances we’ll advise you on the best option for you.

For a very straightforward grant application, we offer a fixed fee of £1,000 plus VAT and disbursements. However, if the application involves more complex issues, an uplift on our fee will be charged. This will be agreed with you in advance. VAT is charged at 20%. Our fees for the administration on complicated and larger estates usually range between 2.5 – 4% of the gross value of the estate.