06 May What Is Probate?
There are two elements to Probate.
Firstly the Grant of Probate. When somebody dies and has left a Will the Executors who are appointed in the Will apply for the Grant of Probate. The Grant of Probate essentially provides the Executors with the legal right to deal with a person’s estate once they have died.
If no Will exists an administrator will normally be the one who makes the application for what is called letters of administration.
The second side to Probate is the administration of the deceased’s estate. Once Probate is granted the Executors then need to gather all of the deceased’s assets and meet any liabilities such as paying inheritance tax and then distribute the assets to the beneficiaries. Executors must also notify banks and government departments of the death as well.
Can I carry out the Probate?
Probate is a time consuming and complex process and it is always advised you appoint somebody to carry this out for you unless you are confident in completing all aspects involved.
Counsl offers two services to help you navigate through the maze that is Probate. We have our Grant of Probate only service which starts from as little as £695. This service involves us making the application for the Grant of Probate on your behalf. You can read more about this service HERE.
We also offer an estate administration service which takes the burden off of your shoulders. We will undertake all of the actions required to administer the estate for a fixed fee. Please click HERE to read more about this.