Dealing with the loss of someone close to you is hard enough but add to that the complexity of dealing with Probate and it is easy to see why so many people find the task a difficult one.
Probate is the legal process of administering and distributing the estate of the person that has died.
Where the person left a Will those dealing with Probate will be the Executors. They have been given the authority to deal with the estate as stipulated in the Will. This would involve dealing with all debts, outstanding tax, testamentary expenses and finally the distribution to the Beneficiaries.
If there is no Will the people dealing with the estate are called Administrators and they are often the deceased’s closest blood relative. Administrators will need to apply for a Grant of Letters of Administration before distribution of the estate can commence. The process that the Executors and Administrators perform is called Probate.
With some banks and solicitors charging between 3% and 6% of the entire estate Probate can appear to be very expensive. It need not be.
Depending on your individual requirements Farsight Wills are able to provide a Probate service that fits in with your needs and your budget. This can range from a full DIY probate where general advice is given and the Executor or Administrator carries out all the work, up to dealing with the entire case.
For more information on our Probate services please contact us for a free, no obligation discussion.