Probate solicitorsFor all matters ranging from registering the death of a loved one to potentially more contentious issues including trusts, estate and property, call Britton & Time for a tailored, sensitive approach. FIND OUT MORE
Our probate solicitors can be as involved or as hands-off as you would like. We understand that this is a difficult time, but any discrepancy surrounding the estate of the deceased can exacerbate this unnecessarily, which is where we are able to help.
Unperturbed by having to engage in a dispute to fight for what is right, we will provide a diligent and thoughtfully executed service throughout.
Our interests lie in providing a practical approach that will ensure your wealth and inheritance is protected.
Estate Administration – Probate or Intestacy?
There are a number of important tasks that need to be completed when someone dies. If the person died leaving a valid will, then the named executors take on this responsibility.
In the absence of a valid will, the person is said to have died ‘intestate’ and the Intestacy Rules determine who can be appointed as the administrators of the estate.
Be aware that the role of executor or administrator can be an onerous one. The deceased’s estate may involve valuable or complex matters and the executor or administrator is personally liable for administering the estate correctly.
The executor(s) named in the will apply for a ‘grant of probate’. Applying for probate is the way in which the people responsible for the estate are granted the authority to deal with the assets. Every executor or administrator can instruct a solicitor of their choice to assist them with the estate administration and the legal fees are settled by the deceased’s estate.
The executor is also responsible for keeping to deadlines, paying tax and legacies, establishing the identity of all beneficiaries, issuing tax certificates and mediating between family members who disagree.
The legality of probate can be daunting, but our team has both the experience and the expertise to handle this with you and on your behalf, to remove any unnecessary financial risks and burdens, call Britton & Time Solicitors today to assist you with this complex but vital task.
The Full Administration Service
This includes start to finish administration of the estate and is especially appropriate when:
- You are unfamiliar with the probate process or the estate in question
- You do not have the time to devote to administering the assets
- The value of the estate is over £300,000
- You have concerns about beneficiaries questioning your activities as executor
If any of these apply, get in touch at your earliest convenience for a free no-obligation conversation.
The Full Administration Service includes:
- Advice on the terms of the will
- Collection of the relevant information about the number and location of assets and debts
- Advice on the notices you can advertise in order to reduce your potential liability as executor/administrator
- Identification of the correct figures and the arrangement of valuations for inheritance tax purposes
- Completion and submission of the inheritance tax return to HMRC. Furthermore if necessary, advice on taking out an executor’s loan to cover the tax
- Relations with HMRC in relation to any income tax or capital gains tax liability for years prior to the death and the handling of any tax liabilities that may arise during the administration
- Relations with the Department for Work and Pensions to ensure any benefits or pensions are stopped and handle any repayments
- Relations with utility companies to obtain a final account up to the date of death, to establish where services need to be maintained, and to guide the executors on their options
- Advice relating to the maintenance of adequate insurance cover on the deceased’s assets during the period of administration
- The procurement of the grant of probate and letters of administration
- The arrangement for legal notices to be advertised, if requested by the executors/administrators
- Distribution of copies of the grant of probate/letters of administration to banks, building societies and other institutions holding money in order to obtain access to the deceased’s assets
- The collection of assets and liquidation of there where necessary, followed by the discharging of liabilities
- Administration of interim distributions where appropriate
- Preparation of estate accounts and distribution of the estate
The Full Administration Service for a typical estate is £3,950 plus VAT
Factors that may alter this figure include estates where any of the following apply:
- Valued at over £600,000
- Include significant assets located abroad
- Include business assets or farms
- Include more than 10 separate holdings of shares or similar assets
- May be liable to actual or potential claims against it
- Any other unusual circumstances
Whatever your situation get in touch today for a professional, cost-effective way forward.
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