Probate is the legal process required to ascertain who has the authority and responsibility to deal with the deceased’s affairs. Once granted, the Executors must pay any taxes due, close all bank accounts and sell any property. All the outstanding debts and funeral expenses are then paid with the remainder being distributed amongst the beneficiaries in the Will.
This can be an arduous task for anyone who has no experience of Probate, not to mention time consuming, often at a time of great sadness and confusion.
If the estate is worth more than £325,000 it may be liable to Inheritance Tax. It would be essential for the Executors to enlist professional help in such circumstances, especially since they become personally liable for any debts.
Unlike other Probate providers, we offer an hourly fee service (we only charge for what we do) and we are often much quicker than many larger firms.
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