We understand that for the bereaved, the loss of a relative or loved one is a difficult time. That is why we always deal with the process of administering the estate sensitively and with care.
You may also be an executor of an estate and wish to understand your responsibilities and what is expected of you. If there is a Will, it should be read promptly, initially to see if there are any special instructions concerning the funeral. If there is no Will then there are strict ‘Rules of Intestacy’ that determine who receives the assets of the estate and this is where our probate solicitors can help.
Obtaining a Grant of Probate (where there is a Will) or a Grant of Letters of Administration (where there is no Will) will involve the following:
- obtaining valuations of the assets and liabilities of the estate;
- calculating whether any inheritance tax is due;
- completing an HM Revenue & Customs inheritance tax account;
- swearing an oath;
- collecting in the assets of the estate and discharging its debts;
- distributing the assets according to the will or the Intestacy Rules.
In some cases, a Trust may arise under the provisions of a Will or Intestacy and that Trust could last for many years for which you may need both legal and financial advice from an independent financial adviser. We have links within this industry and we will ensure that you are provided with the very best financial advice.
Why choose us?
Owen White & Catlin have solicitors who are members of STEP (the Society for Trust and Estate Practitioners) and Solicitors for the Elderly. Full members of STEP are recognised as being the most experienced and senior practitioners in the field of trusts and estate administration. Owen White & Catlin have solicitors who have attended the Cruse Bereavement Care course and are understanding and empathetic at this difficult time.