This site is here to help you get practical help and guidance around Probate. This can be a difficult time, so let us help makes things easier. Look at our simple guide below to gain advice from our experienced team.
We can help you, whatever stage you are at, and however much support you need.
Are you trying to get your head around Probate? Our legal advisors will explain the probate and administration process to you and provide free initial advice and guidance. This will help you make important decisions about what to do next.
At Best Value Probate we tailor our services to suit your needs, if you choose we can take care of all the legal, tax and estate administration processes on your behalf, or dependent on complexity, you may wish us to obtain the Grant of Probate and then deal with the administration processes personally.
Identifying the deceased’s assets (property, investments and possessions) and liabilities (debts ranging from loans to utility bills), in order to determine the value of the Estate.
This stage also involves establishing entitlement to the Estate under the terms of the deceased’s Will or the law governing Intestacy if they died without making a Will.
If there is inheritance tax payable on the Estate, this has to be paid prior to making application for the Grant of Probate. As tax is currently payable at 40% on amounts over £325,000.00 for a single person, all figures entered on the inheritance tax return must be accurate as at the date of death and for certain assets, such as houses and land or antiques and jewellery, valuations must be obtained and submitted to the Revenue with the completed return.
Once the tax has been paid the Revenue will issue a certificate, this certificate should be submitted to the Probate Registry when making the application for Probate. It should be noted that it may be necessary to complete a corrective account for the Revenue when the Estate is finalised if any of the assets have realised more or less than originally stated on the inheritance tax return. Dealing with payment of inheritance tax can be complicated dependent on assets and liabilities of the Estate, and it is usual for Executors of high value Estate to seek professional help.
For Estates where there is no inheritance tax to pay i.e. the Estate is below £325,000.00, or it is spouse exempt, or it is possible to transfer the nil rate band, then an inheritance tax return must still be completed but the completed return is sent to the Probate Registry (not the Revenue) when making application for the Grant of Probate.
Once the Grant of Representation has been issued by the Probate Registry the Executor must:
Preparing estate accounts recording all payments in and out of the Estate. This will show the balance left for distribution to the beneficiaries.
The estate accounts are approved by the Personal Representatives (such as the Executor in the Will).
Providing there are no challenges to the estate or other complicating factors, the final stage involves transferring any assets and estate funds to the nominated beneficiaries.
~ Mr & Mrs Long, from Walsall
It’s important to know that your loved ones will be cared and provided for after you’re gone. We know the pain that results when things are left undone.
Get in touch with our experienced wills and probate solicitors and get a will drafted by an expert. You can know that your wishes will be respected.
If you believe you have a claim on a Will – perhaps you don’t believe a Will was valid or genuine, or you have not been left what you were entitled to – you need to see an expert Contentious Probate solicitor as soon as possible.
Our expert contested wills and probate solicitors can advise you of your options.
There is nothing more painful in the wake of the death of a close family member, than finding that you have not been left what you were entitled to or promised. Claims under the Inheritance Act can redress this problem.
If you think you might have a claim to make, we can help you to understand the process.
Our Probate team is here to help, whichever stage you are at. If you are looking to arrange Probate yourself, or just use a solicitor for part of the process, that's completely your decision.
Get in touch to see what your options are, going forward. We will take the time to talk you through the process, so that you understand how much work is involved.
~ Mark, from Bristol
When you have been appointed as an Executor you can instruct a firm of solicitors to carry out the work on your behalf and the cost of this work is deducted as a debt of the estate before the balance is distributed to the beneficiaries.
Simply provide us with details of the deceased’s assets and liabilities and let us contact the companies concerned to ascertain up to date values, debts, closure requirements and tax information.
We can also help where the deceased died intestate (without a will) and so no executors are appointed. Let our Probate team take the strain and guide you through this difficult time.
Where necessary we will apply for a grant of probate. We will deal with the repayment of debts and distribute the estate to the beneficiaries. Full estate accounts are included in our service and the tax affairs of the deceased will also be resolved.
Through our specialist Probate solicitors, Best Value Probate can offer you free initial advice and guidance at this difficult time.
Please call our Probate team on 0800 038 6677 or email email@example.com and we can call you back at a convenient time.