When someone close to you dies, somebody has to deal with their Estate. A person’s Estate is considered to be made up of the money, property and any posessions they had at the time of their death. The process of Probate involves collecting any money that is owed, settling any debts due (including outstanding taxes) and dividing the estate amongst the respective beneficiaries.
All assets (including property) in an estate will remain frozen, until the Probate Registry gives the authority (via a document known as a Grant of Representation) to the individual(s) nominated in the Will, the Executor. If you have no Will, then it is up to the most appropriate member of the family to act on behalf of the Estate.
If there is a Will the Estate will pass to the people named in the Will. If there is no Will certain rules known as the Rules of Intestacy will apply.
Whether you are an Executor or the next of kin, our specialist probate solicitors can provide practical guidance to help you deal with the administration of someone’s Estate. We can help you determine the size of an estate for Probate and Inheritance Tax purposes. We can prepare an application for the Grant of Representation on your behalf and help you lodge the required forms with the relevant organisations to collect monies due to the Estate and settle outstanding debts.
Our Probate Solicitors can arrange the transfer or sale of any shares and work with our residential conveyancing solicitors to handle the sale of any property or land owned by the deceased.