A solicitor can help you with probate in several ways, including: Advising on the probate process A solicitor can advise you on the legal process of obtaining probate, including the requirements and procedures for obtaining a grant of probate or letters of administration, as well as any legal formalities that must be followed. Gathering and submitting the necessary documents A […]
How can a solicitor help me with probate?
What is my job as the executor of a will?
As an executor of a will, your main responsibilities are to: Locate and secure the assets You will need to locate and secure the assets of the deceased, including property, bank accounts, investments, and personal possessions. Pay debts and taxes You are responsible for paying any debts and taxes that the deceased owed, including any outstanding mortgages, credit card balances, […]
How much does an estate have to be worth to go to probate in the UK
In the United Kingdom, the value of an estate does not determine whether or not it must go through the probate process. Instead, whether an estate must go through probate depends on a number of factors, including the type of assets that are in the estate and whether the deceased person left a valid will. Generally, if the deceased person […]
How to Escape Inheritance Tax the Legal Way
What is inheritance tax? Inheritance tax was first introduced in 1986. It is a tax that needs to be paid on the property or cash of some people after they die. Currently, the rate is set at 40 percent of all assets that exceed £325,000, so it really only applies to those who leave significant wealth behind when they die. […]