Probate is the name given to the procedure of the winding up of the Estate of somebody who has sadly passed away. When this happens, the Executor(s) of the Estate are under duty to carry out the administration of the Estate in accordance with the instructions left in the Will. The Executors will need to collect all of the required documentation and papers to make an application to the Probate Registry for a Grant of Representation which gives them the legal power and required proof to handle the affairs of the deceased’s estate. If there was no will, or the will did not appoint Executors, the Probate Registry will upon receiving the relevant requirements, issue Letters of Administration to serve the same purpose of a Grant of Representation. Obtaining Probate can be a strenuous task particularly if the Estate is subject to Tax (which could be any or all of the following; Inheritance Tax, Capital Gains Tax & Income Tax). Middleton Solicitors can help you every step of the way in obtaining the Grant of Representation and dealing with the liquidation and distribution of the deceased’s assets.
Wills & Trusts
Although Death is something most of us do not want to think about, statistics show that less than 25% of the UK population have not drafted a will. You should consider making a will or a trust if you have assets and want them to go to the people you wish after your death.
Things to consider
- You may have to pay Inheritance Tax,
- You have a complicated family position,
- You run a business.
Although it is true that wills can be drafted online, there are many advantages in using a solicitor to draft it for you:-
- You are protected if something goes wrong,
- The complicated bits can be done for you,
- Your will is stored safely by a solicitor
For further information, or for a quote, on any of our legal services please contact us by one of the following methods or alternatively please call in and speak to one of our advisors.