The death of a loved one and dealing with their affairs can be a difficult and traumatic time.
The stress felt by the family often leads them to make quick decisions without thinking of the cost or consequences.
We encourage bereaved families to stop for a moment, talk to us about probate and sorting the deceased’s affairs, and to make informed decisions.
WHAT IS PROBATE?
Issued by the Court to the deceased’s Executors, a Grant of Probate is a certificate.
Most importantly, the Executor uses this certificate to sell houses, close bank accounts, deal with insurance companies and everything in between.
Any liabilities and tax due from the estate is paid by the Executors who then distribute any money and possessions in accordance with the Will.
WHAT IF THERE IS NO WILL?
Letters of Administration are obtained from the Court by the next of kin if the deceased did not leave a Will. This is a certificate similar to a grant of probate.
Where there is no Will, money and property belonging to the deceased are divided between relatives in a strict order.
IS PROBATE ALWAYS NEEDED?
If the deceased owned jointly held accounts and property, or, if they had little in terms of savings, then probate may not be necessary.
DO EXECUTORS NEED PROFESSIONAL HELP AND ADVICE?
To ensure they follow strict rules most Executors need professional advice.
Crucially, any loss or errors in sorting the affairs of the deceased is the personal liability of the Executors. Not knowing is not an excuse.
HOW CAN GODDARD DUNBAR HELP?
If you are an Executor under a will or a relative sorting the affairs where there is no Will, our Bereavement Team are here to give you advice.
First of all, we’ll talk about the situation so we understand about the deceased and their circumstances. Some reassurance that you’re doing nothing wrong is often needed?
Thereafter, an explanation will be given as to what needs to be done and how easy or hard this is likely to be.
Ultimately, you’ll want to know how much it will cost for our Bereavement Team to do some or all of the tasks at hand.
Thereafter, you can make an informed decision as to how you wish to proceed.
OUR FIXED FEE SERVICE
Here’s how we work;
- We attend a free no obligation meeting to discuss the deceased’s affairs
- At that meeting, our Bereavement Team will provide a fixed fee for administering the affairs in whole or in part depending on the clients requirements
- No fees will be charged until completion unless otherwise agreed
Our Typical Probate Service Fees;
Obtaining the Grant of Probate only no IHT return £500 plus VAT and disbursements
Obtaining the Grant of Probate only with IHT* return £900 plus VAT and disbursements
Obtain Probate, sell house, close accounts x 3 £2000 plus VAT and disbursements**
*If Full Inheritance Tax (IHT) return to HMRC is required with application for probate
**Disbursements include conveyancing fees for house sale
Any questions? Need answers?
Call Us Now for a FREE No Obligation discussion today!
0800 018 4480
Ask For Our Bereavement Team