Filling in the short form below will instantly give you a set of initial estimates for the cost of probate on your property. These estimates will come directly from local suppliers who cover your area. You will also be provided with their full contact details, all within less than a second. You can then contact them directly and compare prices and services. Should you wish to place an order you would deal with them directly. There is no middle man.
What is probate?
“Probate” is the legal term for of winding up the estate of a person who has just died – closing bank accounts or selling property. It can be done without professional help but many employ a solicitor to administer the process. You can use this price comparison website www.localconveyancingdirect.co.uk to obtain estimates for probate services in your local area. Some charge a fixed fee while others may charge an hourly rate or percentage of the value of the estate. It makes sense to compare estimates to get the best deal.
The probate process
The aim of probate – from the Latin word “probare” which means to test or examine - is to provide proof of all the assets and liabilities of a person who has just died. You will need to work out how much the estate is worth and if any inheritance tax is owed before the remaining estate is distributed to the beneficiaries.
To obtain the right to handle the deceased person’s affairs it is necessary to apply for a grant of representation from the Probate Service. This means you can then access bank and building society accounts as well as any shares or other investments. ‘Probate’ is used to describe both the grant and the process for getting it.
Obtaining probate is likely to involve dealing with bank and building societies, contacting insurance companies, identifying and valuing assets, finalising pension arrangements, making an inheritance tax return to HM Revenue and Customs (even if no tax is owed), paying all liabilities and distributing the remaining estate in accordance with the terms of the will.
Is probate necessary?
Not always. If the deceased had less than £5,000 in their accounts, a bank or building society may only need to see the death certificate. However, if the estate is worth more you will always need to obtain the grant of probate.
Who applies for probate?
Usually the person named in the will as executor. Where there is no will, the next of kin will usually take on the responsibility. No-one can receive their inheritance from the estate of someone who has died until probate has been granted.
Do I have to use a solicitor?
There is no legal requirement to involve a solicitor. Some people choose to make probate applications themselves to avoid solicitor fees. However, the probate process involves lots of form-filling with various legal and financial steps. It can take months and complications can arise. Those who don’t have the energy or time to do all the work themselves are likely to benefit from the services of an experienced solicitor.
The executor or next of kin who applies for a grant is personally liable for any mistakes. Using professional probate services is one way to avoid errors.
Do you provide Probate Services?
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