The process of dealing with a deceased person’s assets and liabilities is known as estate administration and is sometimes referred to as probate in cases where the person who died left a Will. If someone dies and has not left a Will, their estate is administered according to the rules of intestacy.
Being responsible for administering a person’s estate is overwhelming, particularly at an already emotional and distressing time. Subsequently, to ensure the process runs as smoothly as possible, seeking the advice of a trusted legal professional is paramount.
Probate Solicitor Near Me
There are various ways a solicitor or other legal practitioner might be able to assist you with probate, including:
- The completion of Inheritance Tax forms.
- Inheritance Tax advice.
- Estate account preparation with the executor(s) for the beneficiaries upon completion of estate administration.
- Accounting for income tax during the administration period.
- Deed of variation preparation.
- Obtaining a Grant of Probate.
- Payments of debts and expenses.
- Distribution of the estate to beneficiaries.
The type of estate and whether the deceased left a Will determines how complex the probate process is. Even where you believe that your case is straightforward, it is sensible to seek legal advice to ensure that if any issues do arise, they are dealt with efficiently and effectively.
If you are looking for probate advice, please contact our experienced private client solicitors and chartered legal executives today on 01945 583194 (Wisbech) or 01354 652606 (March), or email firstname.lastname@example.org. Alternatively, you can fill in our contact form.
Wisbech and March Solicitors
Bowsers Solicitors are local solicitors for the local community. We understand that being tasked with distributing an estate following a loved one’s death is highly emotional. Therefore, seeking the appropriate advice and guidance is essential.
To speak to one of our friendly yet professional private client solicitors or chartered legal executives today, please call 01945 583194 (Wisbech) or 01354 652606 (March), or email email@example.com. Alternatively, you can fill in our contact form.
Solicitors for Probate Cambridgeshire
Regardless of whether the deceased left a Will, it will be necessary to apply for a Grant to access bank accounts and sell investments and property before the estate can be distributed to beneficiaries. It may also be necessary to pay inheritance tax if the estate is above the tax thresholds, and there may also be income tax and capital gains tax to pay.
In the absence of a Will, an estate is distributed according to the rules of intestacy. In this case, there is a strict order regarding who is entitled to manage the estate. Therefore, it is essential to make a Will.
Sometimes, there may be a Will, but no executor is appointed. With this, named beneficiaries can apply for a Grant of Administration.
It should be noted that the person administering the estate is personally liable for any tax due.