Cirencester

01285 654875

 

 

 

Gloucester

01452 508800

 

enquiries
@daveylaw.co.uk

 

 

 

Probate & Estate Administration

Probate & Estate Administration

When someone dies, their property and financial affairs must be wound up and their estate distributed to their beneficiaries. This is usually carried out by their personal representatives, who are either the executors named in the Will or, if there is no valid Will, by their administrators, who are usually the deceased’s closest relatives.

In estates of £5,000 or less, assets can usually be released directly to the personal representatives without the need for a probate application.

However, if the value of an estate exceeds £5,000, it will be necessary to obtain either a Grant of Probate or Letters of Administration.
These are documents issued by the Probate Registry after a person has died, granting authority to their personal representatives to deal with the deceased’s assets.

Appointing us to deal with the estate will ensure that the process runs as smoothly as possible, and that tax and other allowances are taken fully into account. The cost will depend very much upon the amount of work you require us to do, the complexity of the estate, and whether we are appointed as executors in the Will. Our fees are paid by the estate.

We can do as much or as little work as you need, to help you through the process

Dealing with an estate:

  • When dealing with a person’s estate, the first stage is to collect financial information; their assets and liabilities at the date of their death. The estate can then be valued.
  • A grant of probate or letters of administration will be issued by the court, the estate assets can be collected and any property sold. Outstanding debts will be paid and the balance of the estate distributed in accordance with the terms of the will; or, statutory intestacy rules where there is no will.
  • If a grant of probate or letters of administration are required, an inheritance tax return will need to be completed. An oath of representation will need to be prepared, and sworn in front of a solicitor. If an inheritance tax liability arises, this will need to be paid. An application can then be made to the high court.
  • Issues may occur when dealing with estates. We can provide as much or as little assistance as you need. All of our probate specialists are qualified solicitors and will help guide you through every step of the process with patience and sensitivity.

We can then apply for a grant of probate or letters of administration.

If you would like more information about our wills, tax planning, probate and trusts legal advice and services, please contact:

Contact us today:   Cirencester 01285 654875     Gloucester 01452 508800     enquiries@daveylaw.co.uk

 

 

 

 

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Davey Law Limited is Registered in England and Wales under Company no. 07525008. A list of directors is available for inspection at the registered office 10-12 Dollar Street Cirencester Gloucestershire GL7 2AL. This firm is authorised and regulated by the Solicitors Regulation Authority no. 557291 and is a member of the Conveyancing Quality Scheme (CQS). Details of how to contact the Legal Ombudsman in case of dispute may be found at www.legalombudsman.org.uk

 

 

 

 

Davey Law Limited is Registered in England and Wales under Company no. 07525008. A list of directors is available for inspection at the registered office 10-12 Dollar Street Cirencester Gloucestershire GL7 2AL. This firm is authorised and regulated by the Solicitors Regulation Authority no. 557291 and is a member of the Conveyancing Quality Scheme (CQS). Details of how to contact the Legal Ombudsman in case of dispute may be found at www.legalombudsman.org.uk