Probate is the legal process of administering a person’s estate after they have died.
The responsibility for handling the probate of a deceased person’s estate lies with the Executor(s) appointed under their will or with their next of kin, who will be Administrators, where there is no will.
Probate is often a complex, time consuming and emotionally challenging process and personal liability for handling the administration falls on the appointed Executors.
Responsibility for identifying all assets and liabilities held by the deceased lies with the Executor(s). With this information, all relevant tax forms must be completed as accurately as possible before applying for probate. Once Probate is received, any debts and liabilities must then be settled from estate funds, before accounting to all beneficiaries for their inheritance.
What is a Grant of Probate?
A Grant of Probate is the ultimate legal authority provided to the Executors or Personal Representatives of a deceased person’s estate. A Grant is issued by the Court (Probate Registry) and provides the legal right to handle a deceased person’s affairs after they have passed away. This allows the Executors or Personal Representatives to distribute the estate in accordance with the deceased’s last wishes.
How do I know if I need a Grant of Probate?
The requirement for obtaining a Grant of Probate is dependent upon the types and values of assets held by the deceased when they died. If the deceased held or owned property or land (or a share of property or land) in their sole name, or had liquid assets (bank accounts, investments, shares, life policies) of a high value, then it is highly likely that you will need to obtain a Grant of Probate.
If you are unsure of whether you will need to obtain a Grant of Probate or if you require assistance or guidance in administering an estate, contact SWW Trust Corporation for helpful guidance or a no obligation quote.
You’re in safe hands
SWW Trust Corporation specialises in the administration of estates and will, offer you full and advice and guidance throughout.
With you every step of the way, at SWW Trust Corporation we have helped thousands of bereaved families where a loved one has died with or without a Will. We are always here to listen, empathise with your circumstances and discuss how we can guide you through this difficult process.
What’s more, because we are a Trust Corporation, our Estate Managers are all legally qualified professionals with years of experience in Wills, Probate and Estate Administration. So, while some solicitors dabble in Probate and Estate Administration, it is all we do. All day, every day.
Friendly and approachable, we also don’t charge per letter as solicitors do, or for the time we take speaking to you personally over the phone. So that’s one less thing to worry about.
To find out more about how we can help you, contact us or call 01522 581 570.