Losing a loved one can be a harrowing experience and one of the most stressful times in your life.
If you have been chosen as an executor, there can be a great deal of work involved in sorting out the affairs of the deceased, and all this comes at a time of great loss.
We at The WillMaker Group want to help guide you through this process and reduce the burden felt by loved ones left behind.
I don’t know what to do?
Don’t worry, if the deceased left a Will, there will usually be one or more executors appointed to handle the affairs of the estate.
If there is no Will (intestacy), or if you are not sure if there is a Will, you should seek legal advice. The law sets out who is entitled to deal with the estate, and also the rules about how the estate is distributed. In either case, The Will Maker Group can guide and advise you. We make an information pack freely available detailing the duties of executors and trustees.
Why do I have to go to all the trouble of applying for Probate?
You may have no choice in the matter. Most estates valued over £5,000 will have to go to probate and certain institutions such as banks, building societies, and insurance companies may not allow assets or property held in the sole name of the deceased to be transferred or sold without Probate. If there is an interest in a house to deal with, Probate is usually required for this.
If you are an Executor, how can The WillMaker Group help?
The role of an executor can be daunting and time consuming! The WillMaker Group (working with Premier Solicitors) can take the weight off your mind and handle the entire process should you wish. Things that need to be done include:
Apply for Probate (or letters of Administration where there is no Will)
Collect in and transfers all the assets of the estate and pay debts
Produce detailed accounts
Prepare all relevant documents
Assess any tax liabilities (death duties) and complete Inland Revenue paperwork
The Will Maker Group in association with Premier Solicitors has many years collective experience and has the legal know how to deal with the estate in the most tax-efficient way, keeping your costs to a minimum.
On many occasions, we have helped families save hundreds of thousands in tax but more importantly we have taken a massive weight of families shoulders by undertaking the complex probate process.