Probate is the legal process used to manage a person’s estate after they pass away. The Probate Registry will frequently need to grant either a grant of probate or letters of administration before this can occur. With the use of these legal documents, one or more people can manage the deceased’s estate and have access to their assets, including cash, real estate, and personal things.
Many of these administrative duties related to estate administration can be completed without the requirement for probate or even in the absence of a formal Will. An estate’s administration involves a number of processes, and each person’s cost of probate services is unique based on a range of factors such as the deceased’s estate worth, whether inheritance tax is due, the number of beneficiaries named in the will, and so on.
Why choose us
The original Will as well as three copies, any codicils, the PA1 probate application form, the IHT form, an official copy of the death certificate, and the application fee for non-taxable estates must all be submitted by the Executors. The proper tax forms must be completed and submitted by the executors of taxable estates. First, the assets of the individual must be discovered and evaluated in order to determine whether inheritance tax is required. The estate of the deceased may also be required to pay additional taxes, such as income tax or capital gains tax. The original Will, three copies, any codicils, the Probate Application Form PA1, an official copy of the death certificate, and the application fee must all be turned in by the Executors to the Probate Registry. An appointment can be scheduled to get the Grant of Probate when these forms have been filed and, in some circumstances, Inheritance Tax may need to be paid. The Grant of Probate will be issued after a visit to the Probate Registry, usually within a few weeks.