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Instructing a legal firm to manage acquisition of a Grant of Probate and handling the administration of an estate begins with a thorough assessment of the estate. Once completed, issues such as addressing outstanding tax affairs, tracing beneficiaries, applying terms of the will or Intestacy Rules, dealing with Inheritance Tax and managing beneficiaries is all taken care of. With these tasks fulfilled, the estate can be distributed, all whilst having minimised any risk to the Executors.
Any probate work that we carry out is assessed beforehand and we always like to meet you initially to discuss the likely work which is involved based on your personal situation. Once there is an understanding of the work involved we provide full details of anticipated costs upfront. If instructed we will update you throughout the procedures and can readily offer advice on any related area with which you may need assistance.
Probate is the action of proving the Will.
If the asset holders do not ask for it.
Currently probate will take 4 to 6 weeks but can take longer to obtain the grant and then collect in assets, pay off debts and distribute money. This can take anything up to a year.
The executors are fully authorised to close accounts and sell real property, also pay debts.
Compile financial information and make a return to HMRC if required, apply to the probate regsitry with the Will or not if an intestacy and then the grant is issued. Collect in assets, pay debts and distribute funds.
If you have any questions about applying for probate, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
