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Wills & Probate
Have You Written a Will Yet ?
- Not had time?
- Worried about the cost?
Do I Really Need a Will ?
The simple answer is "Yes". Every adult should make a Will and review it regularly in order to take account of any change of circumstances such as if you got married/divorced or have children.
Here are some of the reasons why:
Here are some of the reasons why:
- You can decide who should benefit after your death. If you fail to make a Will you are said to have died intestate and the intestacy rules would apply. Those whom you would have liked to benefit under your Will may not and those whom you would not have liked to benefit under your Will may do so.
- Avoidance of Inheritance Tax that may be payable by your estate. There are some simple things that can be done to reduce or negate any Inheritance Tax liability.
- Guardians may be appointed to be responsible for your children if neither parent is alive or you can appoint someone to look after your assets until your children reach a certain age.
- You can make provision for your common-law spouse
- You can prevent disputes from arising within the family
We will offer you a professional, simple and cost effective service.
We will also store your Will for you free of charge.
We will also store your Will for you free of charge.
What is Probate ?
'Probate' also known as "administering the estate" is the process of applying for the right to deal with a deceased persons affairs.
If a deceased person has left a Will he/she may have named one or more 'executors' to deal with his/her affairs after their death. The executor/s applies for a 'grant of probate' which is a legal document giving ‘executors’ authority to deal with and distribute the deceased person’s assets as per their Will.
On the other hand, if the deceased person has left no Will, a close relative of the deceased can apply to the probate registry for a 'grant of letters of administration'. The “grant of the letters of administration” gives them, the ‘administrators’, authority to deal with the deceased persons assets.
A grant is mostly always required when the deceased person leaves one or more of the following:
If a deceased person has left a Will he/she may have named one or more 'executors' to deal with his/her affairs after their death. The executor/s applies for a 'grant of probate' which is a legal document giving ‘executors’ authority to deal with and distribute the deceased person’s assets as per their Will.
On the other hand, if the deceased person has left no Will, a close relative of the deceased can apply to the probate registry for a 'grant of letters of administration'. The “grant of the letters of administration” gives them, the ‘administrators’, authority to deal with the deceased persons assets.
A grant is mostly always required when the deceased person leaves one or more of the following:
- £5,000.00 or more.
- Property or land held in their own name or as 'tenants in common'.
- Stocks or shares.
- Certain insurance policies.
Why Appoint Solicitors to Deal With Probate ?
We will assist you in the following ways:
- Value the assets and liabilities of the deceased.
- Contact the beneficiaries of the estate or even possibly trace them.
- Advise on the Intestacy rules if there is no Will in place.
- Advise on the terms of the Will if there is a Will.
- Completing all the paperwork including the Inheritance Tax Return if required.
- Distributing the Assets in accordance with the Will.
If you want to ensure protection of your loved ones please contact Andrew Renton.
