We can advise you of your rights and explain your options to you whether you are an executor of an estate or a potential claimant.
When someone dies, their representative, usually a family member, will have the task of dealing with the administration of their estate, often referred to as Probate. This can be a time-consuming and sometimes complex job at what is often a difficult time.
Estate administration includes responsibility for collecting in and valuing the estate assets, calculating and paying any Inheritance Tax due and preparing detailed estate accounts. The personal representatives can be held personally liable for any errors that result in a loss to the estate, even if these were genuine mistakes.
Often, those appointed as personal representatives, known as Executors, do not have the time or the expertise to take on the administration of an estate. At Heald Solicitors, our Milton Keynes based expert probate lawyers can deal with the winding up of the estate on your behalf, ensuring that all of the necessary legal issues are dealt with, that the process goes smoothly and is dealt with as quickly as possible.
We can represent you throughout, to include the sale of any property, settlement of Inheritance, Income and Capital Gains Tax, the discharge of the deceased’s liabilities and distribution of the estate to the named beneficiaries. For most clients, this can be of great help at what is often a stressful time.
At Heald Solicitors, our Milton Keynes based expert probate lawyers can deal with the winding up of the estate on your behalf, ensuring that all of the necessary legal issues are dealt with, that the process goes smoothly and is dealt with as quickly as possible.
If someone has left a Will, then after they die it is usually necessary to apply to the Probate Registry for a Grant of Probate. This is the legal document that will give their executor the authority to deal with the winding up of the estate, to include appointing a solicitor to carry out the task on their behalf, should they wish.
To obtain a Grant of Probate, it is necessary to make an application to the Probate Registry, part of HM Courts, as well as declaring the value of the estate to HMRC and calculating and paying any Inheritance Tax that may be due at that point, as well as making sure that any balance gets paid in the future.
Once probate has been issued, the estate administration can be carried out, with all of the deceased’s financial affairs finalised and their wishes in their Will carried out.
We can represent you throughout, to include the sale of any property, settlement of Inheritance, Income and Capital Gains Tax, the discharge of the deceased’s liabilities and distribution of the estate to the named beneficiaries.
When someone dies without leaving a Will, they are said to be intestate and their estate will pass in accordance with the Rules of Intestacy. Someone will generally need to apply to the Probate Registry for a Grant of Letters of Administration appointing them as the estate administrator.
The work is similar to that done when someone leaves a Will, but can be more challenging to carry out, for example, if beneficiaries are missing and have to be traced.
It is open to those who are inheriting an estate to agree to vary the terms of a Will or the intestacy rules by executing a Deed of Variation. This could be to benefit someone who would not otherwise receive an inheritance or to maximise tax-efficiency.
We can advise as to whether a Deed of Variation would be beneficial in your particular circumstances.
Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald today.
At Heald Solicitors, our probate lawyers can help you with all aspects of probate and estate administration. While our office is in Milton Keynes, we are experienced in working with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.
If you wish to talk to us about winding up an estate or making an application for a Grant of Probate, please get in touch with our legal expert Abigail Howson.01908 662 277
At Heald Solicitors in Milton Keynes, our team have extensive experience in dealing with Wills, trusts and probate, including complex or high-value estates, business succession and dispute resolution.
We understand that dealing with Wills and probate can be hard, and you will find us sympathetic and approachable. We provide excellent client care and will make sure we are always available to speak to you to discuss the progress of your matter and answer any questions you may have.
We work proactively to make sure that your case is dealt with as quickly and efficiently as possible and we will always keep our costs to a minimum to ensure you receive good value for money.
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