Nowadays many people are thinking about attempting probate themselves. While DIY probate may sound easy, and may save you a bit of money in the long run, it usually proves difficult, confusing and time-consuming, and at the very worst it can cost you your inheritance if done wrong. There are so many reasons why you need a solicitor to do probate for you, but here are our top five:
Applying for probate requires a huge amount of paperwork and usually takes around 100 hours in total to complete. If you’re working full time, you won’t be able to make calls to banks, tax offices and similar during 9-5 office hours, extending the time taken to apply for probate even more.
When a Solicitor applies for Probate the timescale is around 8 – 12 weeks to obtain the Grant when there is no inheritance tax due. It can take up to six months, sometimes more when the Estate is taxable, this is because the Revenue require a lot more information and valuations need to be provided.
The timescale for the actual administration process is difficult to estimate, for example, if there is a house to sell the Estate cannot be finalised until the house is sold.
A solicitor is trained to understand all the legal jargon and technicalities involved in applying for probate. When you pay a solicitor to do the work for you, it takes a huge load off your already busy schedule and ensures that it’s all done properly.
When someone dies without a will, or when there is a debate over the contents of a will, things can get complicated. This can become even more complex when a large amount of money or property is left, or if the estate contains shares, debts or trust funds. Your solicitor will know exactly what to do in all of these cases, and will make sure you don’t lose out on anything, or make any mistakes.
When you take on the task of applying for probate yourself, you are then liable for any financial mistakes you may make. You may accidentally commit inheritance fraud, or lose out on money owed to you, simply because you didn’t understand a legal or tax technicality. For your own interest, it’s best to get a professional to deal with probate for you.
At the end of the day, someone has just died and sorting their estate can be an upsetting experience. Our solicitors are sensitive and understanding and will get on with the tough tasks of probate for you, giving you the time you need to grieve.
Contact Best Value Probate today on 0800 038 6677 and let us take care of the complications of probate, so you don’t have to.
Ellie is a resident writer for Best Value Probate, covering topics such as Probate, wills and other legal proceedings.