
Wills
& Probate
 When
a loved one dies, sorting out that person's affairs can be a difficult and upsetting
procedure and that is why we aim to minimise the distress and wind up the deceased's
estate in a prompt and efficient manner Our main duties in administrating an
estate are:- o
Evaluating the size of the
estate and ascertaining whether any Inheritance Tax is payable o
Drafting the appropriate Oath
to enable the Grant of Probate to be obtained if the deceased left a Will appointing
Executors who are the people that the deceased wished to
administer his/her estate or to obtain a Grant of Letters of Administration if
the deceased died without making or left a Will appointing no Executors. o
Once the Grant of Probate/Letters
of Administration has been issued then the Executor/Administrator has the authority
to wind up the estate and this will enable him/her to, for example:-
1
Close Bank and Building Society
Accounts. 2
Transfer or sell any stocks or shares. 3
Transfer or sell any land owned by the deceased. 4
Obtain the proceeds of any Life Assurance Policies. 5
The estate monies can then be divided between the beneficiaries named by the deceased
in his/her Will or divided in accordance with the rules if the
deceased did not make a Will. Wills
 We
advise our clients to make a Will to ensure that their wishes on death are put
into effect. If you die without making a Will, then the law then states who is
to benefit on your death. The persons who benefit are not necessarily the persons
whom you might wish to benefit. You must remember that: 1
Cohabiting partners and
2 Step
children will
not benefit if you die without making a Will. In addition a Will enables you
to: o
Appoint Executors or the people
you wish to administer your estate after your death. o
Appoint Guardians for any your
children so that you state whom you wish to care for your children in the event
of your death. We always discuss with clients the
size of their estates so that the estates can be planned and Wills drawn up in
a way that seeks to minimise any liability to Inheritance Tax. We also offer
our clients the option of keeping their Wills in our strong room free of charge. You
may qualify for help with the costs from the Community Legal Service Fund depending
on your circumstances.
For
the costs of drawing up a Will, please telephone us or ask for a written quotation
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