What is Probate?
Do you need probate advice Bolton? When somebody dies there are a number of tasks that have to be completed. If a person dies leaving a valid Will, then the named Executors assume this responsibility. In the absence of a valid Will, the individual is said to have died “Intestate” and the Intestacy Rules decide who can be appointed as the Administrators of the estate.
The role of Executor or Administrator is an onerous one. The deceased’s estate may consist of valuable or complicated matters and an Executor or Administrator is individually liable for administering the estate appropriately.
At Legacy Estates, we wholeheartedly understand the loss of a family member or close friend is an extremely hard and emotive time. If you need to apply for probate then we are here to help.
We will advise you regarding the grant for representation, taking away all the unneeded stress whilst supplying you with independent advice, ultimately making sure all beneficiaries of the Will get their due inheritance – be it property, money or possessions – and avoid having to pay out substantial rates of taxation. It really is crucial that you bear in mind that ultimately costs of administering the estate could be increased if, at a later stage, you take advice to remedy an earlier error.
An Executor or Administrator can chose to instruct an advisor of their choice to help them with the Estate Administration, with the legal fees being paid by the deceased Estate. We offer expert probate advice Bolton and can work with your family to guide them through the intricacies of probate and settling your estate so this can be done in a timely manner.
DON’T LEAVE IT TOO LATE!
Legacy Estate can assist you with :
- Inheritance planning
- Protect Property Assets
- Lasting Powers of Attorney (LPAs)
- Long term care planning
- Funeral Plans
So Why Use Legacy Estate For Probate Advice Bolton?
In addition to the immediate tasks you will need to attend to, such as arranging the funeral, there is often a lot of paperwork to be dealt with and official documents which need to be completed over the next few weeks. Many of our client’s Wills will have appointed relatives or trusted friends as their Executor but being the Executor of an estate is not really an honour, it’s a difficult, time consuming job that can carry some legal liability. They need to be sure that they understand their duties and responsibilities. For example, Payment of all taxes becomes their personal responsibility and may leave them to personal liability or penalties. Equally, they would have a liability to the beneficiaries should any mistakes occur and the beneficiaries may look to them for compensation. As an executor they could find themselves administering the estate over a long period of time and could quite possibly become unpopular with the beneficiaries of the Will, they would also need to arrange for the care of any minor children and pets, and arrange any insurance cover required for the deceased’s assets.
A Professional Executor is always the best choice, particularly if any of the following apply:
- Where there are multiple assets such as: bank accounts and savings, shares, bonds and investments.
- Where there are liabilities such as mortgages, loans or credit cards.
- Where a property is to be sold or conveyed.
- Where the estate is of a high value.
- Where there is a business or the deceased was a partner in a business.
- Agricultural property.
- Family Trusts or large gifts to under 18’s.
- Where a potential claim under the Provision for Family and Dependants Act 1975 by someone who feels unfairly treated by the Will, or by the rules of intestacy.
- If the Will is badly drafted or beneficiaries cannot be traced.
Looking for probate advice Bolton? Call Legacy Estates today on 01204 481 029 and give yourself peace of mind with the knowledge that your family will receive their entitlements, according to your wishes.