What is probate. Let RG walk you through.
Probate is the process of dealing with the estate of someone who has died. A Grant of Representation is required to give you the legal right to deal with the deceased’s assets.
An asset can be anything from a gold watch to a property if there is a property to be sold to enable the distribution of liquid assets among beneficiaries. A grant of probate is required, granting you the legal authority to proceed with the property sale. As probate property lawyers, we offer our Swift Probate Package to efficiently guide you through this legal process.
When there is a valid Will, the Grant is issued to the Executors by the Probate Court, and it is called a Grant of Probate. If there is no Will, the Grant is issued to the next of kin under the Rule of Intestacy, and it is called a Grant of Letters of Administration.
Here at RG Law, we pride ourselves on being experts in Probate law. Our team of specialist probate lawyers in our Sidcup (SE London) and York (North Yorkshire) offices are on hand to help you with any questions and make this journey as easy as possible.
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The Probate process is governed by law and usually includes the following:
Settling all the debts and expenses.
Obtaining the Grant of Probate or Letters of Administration from the Probate Registry.
Determining the assets of the deceased and their value.
Paying the gifts as directed by the Will
Distributing what remains of the estate to the beneficiaries in accordance with the Will or the Rules of Intestacy (if there is no Will)
Preparing Estate Accounts. Closing accounts and collecting in the assets. Ascertaining whether there is enough money available to pay the deceased's debts. Completing Inheritance Tax Forms for HMRC confirming if any tax is payable If Inheritance Tax is due, settling the payment with HMRC (all or part payment needs to be paid before the Grant of Probate is issued)
Is probate complicated?
Probate can often be a complicated process that comes at a time when you are already dealing with a devastating event in your life.
It is recommended that you seek help from an experienced Probate Solicitor or Probate Lawyer.
Our wills and probate Lawyers have dealt with probate transactions across the UK and can support you, your family and your loved ones through this process and will provide an understanding and sensitive approach, ensuring that matters are completed quickly and efficiently.
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