Knowing how to apply for probate is easier said than done, and the process can seem confusing at first.
When a loved one passes away, it’s an incredibly difficult time emotionally, and dealing with the estate can cause significant stress on top of dealing with grief.
Whether your loved one has a straightforward estate or lots of assets to establish, dealing with probate is a crucial part of the legal process of administering their will.
Probate Solicitors Near Me was set up for precisely that reason – because we know it can be a confusing process, and we want to make it as easy as possible to connect with a probate solicitor that you can rely on.
To be connected to a specialist solicitor near to where you live, please either call us now on 0845 1391399 or complete a Free Online Enquiry.
Applying For Probate UK
Applying for probate can be broken down into several stages, the first of which is registering the death.
This must be done within five days of the death in England, Wales, and Northern Ireland, and you’ll then be given a death certificate as confirmation.
After that, the rest of the process will work as follows:
- Step one is to gain a valuation on the estate
- You’ll then file inheritance tax (IHT) forms
- After this, probate applications will be filed
- Then probate fees will be paid
- And finally, IHT will be paid
Getting a valuation on the deceased’s estate will involve establishing all of their assets and liabilities, as well as locating all accounts in their name.
This may be straightforward, but quite often can become complicated if there are multiple pensions, investments, properties, or assets in their name.
Any properties that are included in the estate will need to be valued as well, and it might be wise to seek a valuation from an estate agent or a surveyor to ensure it’s accurate.
As a reminder, the current nil-rate band for IHT is £325,000. Inheritance tax is currently taxed at 40% of anything above the £325,000 threshold – so, if you’re estate is worth £400,000, then you’ll pay £30,000 in inheritance tax since that’s 40% of £75,000.
How To Apply For Probate
Applying for a grant of probate is simply seeking confirmation that the executor of the will has the authority to administer the will of the deceased.
Basically, it’s the formal legal procedure that’s necessary to begin distributing the assets of the estate as per the instructions in the will.
That process may be simple or might be a little bit more complicated, but generally, it’ll mean distributing assets to beneficiaries as laid out in their will and tidying up any affairs.
There are exceptions to the rule, such as if the estate is worth less than £10,000, or if the deceased owned everything jointly with another person who is alive – in which case you don’t need to apply for a grant of probate.
Probate Solicitors Near Me – Contact Us
The good news is that Probate Solicitors Near Me are here to guide you through the entire probate process… no matter how stressful it may seem.
We understand that when it comes to something as personal as probate, you often want and need to be able to see the probate solicitor that you are working with.
Probate solicitors near me ensure that this can happen.
Not only that, but as all of our solicitors are hand-selected to be the best at what they do, you can be assured of a high quality, personal service, near to where you live.
To find a probate solicitor near you, simply click the button below, enter a few details and we will soon connect you with a probate solicitor for FREE.
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