Filling in the short form below will instantly give you a set of initial estimates for the cost of probate on your property. These estimates will come directly from local suppliers who cover your area. You will also be provided with their full contact details, all within less than a second. You can then contact them directly and compare prices and services. Should you wish to place an order you would deal with them directly. There is no middle man.
Filling in the short form above will instantly give you a set of initial estimates for the cost of probate on your property. These estimates will come directly from local suppliers who cover your area. You will also be provided with their full contact details, all within less than a second. You can then contact them directly and compare prices and services. Should you wish to place an order you would deal with them directly. There is no middle man.
What is probate?
Probate is the process of sorting out the estate of someone who has recently died – their money, possessions and final wishes. A will can be executed without professional help but many people employ a solicitor to ease the burden. You can use this price comparison website www.localarchitectsdirect.co.uk to obtain estimates for probate services in your local area. Some firms charge a fixed fee while others may charge an hourly rate or percentage of the value of the estate. It makes sense to compare fees before employing a firm to administer probate.
To obtain the right to take over a deceased person’s affairs it is necessary to apply for a grant of representation from the Probate Service. It establishes who can legally collect money from bank and building society accounts well as any shares or other investments belonging to the person who died.
The purpose of probate – from the Latin verb “probare” which means to test or examine - is to provide proof of all the assets and liabilities of a person who has just died. You will need to work out how much the estate is worth and if any inheritance tax is owed. Tax is payable at 40% of any amount over £325,000.
The process is likely to involve dealing with bank and building societies, contacting insurance companies, valuing assets, finalising pension arrangements, making an inheritance tax return to HM Revenue and Customs (even if no tax is owed), paying all liabilities and distributing the remaining estate in accordance with the terms of the will.
Is probate always needed?
If the deceased had less than £5,000 in their accounts, some banks and building societies may only need to see the death certificate. However, if the estate is worth more you will always need to obtain the grant of probate.
Who can apply for probate?
Usually the person named in the will as executor. Where there is no will, the next of kin will usually take on the responsibility. No-one can receive their inheritance from the estate of someone who has died until probate has been granted.
Should I use a solicitor?
There is no legal requirement to involve a solicitor. However, the probate process involves lots of form-filling and can take months. Those who don’t have the time or energy to do all the work themselves may benefit from the services of an experienced solicitor.
The executor or next of kin who applies for a grant is personally liable for any mistakes. Using professional probate services is one way to reduce the burden and avoid errors.
Do you provide Probate Services?
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