Our probate solicitors deals with the administration of the affairs of people who have died.
Our probate service is cost effective and efficient because our probate solicitors are specialists. In fact in many instances we are able to work on a fixed fee basis so that you know from the outset exactly how much you will have to pay: see our article Fast Fixed Fee Probate.
The term probate is commonly used for the the administration of a deceased person's estate. This involves either implementing the terms of the deceased's will or dealing with the distribution of their estate in accordance with the legal rules set out in the Administration of Estates Act 1925 if they died without a will (intestate - click here to see a flowchart).
The administration will involve:
- dealing with their home and any other land and property
- dealing with banks, building societies and other investments
- dealing with business and agricultural assets
- paying debts
- dealing with H. M. Revenue and Customs, especially for inheritance tax (death duties)
- distributing legacies
- distributing the remainder of the estate to the people entitled to it
As part of the process we can:
- advise on the validity of a will or on any potential disputes that may arise
- advise on the implications of intestacy and claims under the Inheritance (Provision for Family and Dependants) Act 1975
- advise on the impact of inheritance tax on the estate
- inform all the beneficiaries of their entitlement
- identify and obtain valuations of the various assets including freehold and leasehold property and any interests in businesses
- identify any liabilities and deal with those who are owed money
- prepare an oath (and complete inheritance tax forms where necessary) enabling an application to the probate registry to be made so that a grant of probate of the will or letters of administration can be obtained
- get all assets released from the various banks and building societies etc
- pay any legacies and make payments on account to the residuary beneficiaries
- transfer assets to beneficiaries where required
- prepare final estate accounts for the approval of the personal representatives
- make payment to the residuary beneficiaries
If you are looking for a probate solicitor in Plymouth, Plympton, Plymstock and the surrounding area, choose the Plymouth probate solicitors, Gard & Co. Solicitors.