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Probate Advice
Probate
Being an executor of a Will can be a difficult and time consuming responsibility. It has complex legal, financial and tax consequences.
As an executor you are personally responsible for the deceased's obligations.
If you think you may need to obtain probate and would like us to arrange a free NO OBLIGATION consultation with you, click on the link below and we'll get in touch and help you through this difficult time.
0845 409 1751
Charged at standard BT national rate
Executors must:
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Ensure that the wishes of the deceased as expressed in the will are carried out
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Identify all the assets and claims against the estate
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Obtain valuations of the joint and sole assets as at the time of death
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Ensure that the estate of the deceased is handled efficiently and that funds and assets in the estate including businesses are properly managed
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Prepare TAX returns for the deceased for inheritance tax, capital gains tax and income tax
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Obtain tax clearances before distributing the estate
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Be responsible for settling all the debts of the estate including all taxes - this responsibility can last for 6 years
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Complete and file the relevant court forms
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Apply for Probate and attend a personal interview at the Probate Registry
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Prepare accounts for the beneficiaries and after payment of all claims, distribute the estate
You cannot charge for your time in applying for Probate unless you are acting in a professional capacity such as a Solicitor, Barrister, Notary or Trust Corporation!
Since the inheritance tax law cahnge in October 2007 it has become vital that you obtain help when dealing with probate to ensure that the available Nil Rate Band is transferred coorectly and available for use on second death.
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