When someone dies, as well as the grieving process, there are unfortunately administrative tasks to be carried out such as obtaining a death certificate and arranging the funeral.
There are also Legal and Financial duties to be carried out.
Probate is the process of dealing with the deceased’s possessions, including bank accounts, shares, day to day possessions and property, collectively known as the Estate. Probate is also a legal document, and the grant of probate is the first step in administering the estate of the deceased person.
Usually, Executors are appointed in the Deceased’s will. Executors are legally responsible for the administration of the estate. The Executors will deal with any debts of the estate, and distribute the assets to any beneficiaries.
If the deceased has prepared a will, then the executors will deal with the estate according to the wished of the deceased as set out in the will.
If there is no will, then the estate will be administered according to the applicable Law at the time. A relative or beneficiary will usually become the administrator of a person’s estate.
At Hodders Law we have a probate team of specialist solicitors and administrative staff. We can deal with estates of all sizes, as well as any inheritance tax implications of estates over the inheritance tax threshold.