Guiding you through the legislative maze after a loved one dies
Probate is the legal process which determines who has the responsibility to deal with a deceased person’s affairs, and is the main task for those left behind after arranging the funeral.
Once awarded a Grant of Probate, the executors (those named specifically in a Will to deal with things) must pay any taxes due, close all bank accounts and sell any property as required. All outstanding debts and expenses are then paid before the remainder is distributed amongst those named in the Will (the beneficiaries). Needless to say, all of this can be demanding and time consuming.
The maximum value of property and other assets above which Probate will almost certainly be required
If you are acting as an Executor in a Will then you are personally liable for any debts, so professional advice is essential. If you are an Executor, you have the following options: