Probate & Estate Administration
Probate & Estate Administration – how we can help you at a distressing time
If you need help now because someone close to you has passed away, WITH OR WITHOUT A WILL, we offer a cost-effective personal estate administration service at an agreed fixed fee and, not the never ending hourly rate and high percentage fee costs, that a large number of banks and high street solicitors seem to prefer. Navigating your way through the system can be confusing, complicated and time consuming. Let our team help you and take the worry and anxiety away at a very difficult time.
At Portcullis Legals, we provide a bespoke, caring and personalised estate administration service designed to relieve the stress and worry involved with settling your loved one’s affairs.
‘Probate’ is quite simply the process of proving a Will and everything that is involved in sorting out the assets and liabilities of someone when they die. Where there is a Will, then the executors are responsible for this, but if the person dies without a Will (i.e.intestate) then the law sets out who is able to apply to administer the estate. We provide an estate administration service.
Sometimes this process is straightforward and there are even some cases where a ‘Grant of Probate’ is not needed, for instance where assets pass automatically to a surviving joint owner.
However, the administration of a deceased’s estate is a significant task for which the executors are personally liable. It has many different aspects and there are a number of pitfalls, that the average person will not be aware of.
We understand how difficult this can be at a very distressing time for everyone involved and that is why, at Portcullis Legals, we provide a professional and understanding service.
Is a Grant of Probate needed?
In most instances, a Grant of Probate will be required to release funds from the estate but in many cases, it may not be needed and we can advise you upon that. Where financial institutions such as banks and building societies decide to pay out monies from the estate without the need for a Grant of Probate, if the assets exceed £5,0000 including half of jointly held assets, then a Grant of Probate should be obtained.
According to HMRC during the 2017/2018 tax year over £5.228 BILLION was collected in inheritance tax, which was a significant increase of 8% on the previous year. This means more estates are falling into inheritance tax payments and when applying for a Grant of Probate, these forms have to be completed accurately and truthfully. This is all part of the estate administration that we provide at Portcullis Legals.
We are on your side
Estate Administration can be a lengthy process but we can help you as much or as little as you wish. All you need to do is call us on 01752 401 401, complete our Free Online Enquiry or email us on firstname.lastname@example.org.
Why Choose Us?
- We are specialists in estate planning.
- Over 30 years of expertise in Powers of Attorney, Tax Planning, Trusts and Wills.
- Multi award winning business.