What is Probate ?
We realise that most people haven’t experienced probate before. Probate is the administration of a deceased’s Estate by the appointed “executors” in the Will, usually family members. At an already difficult and emotional time, the complexities of executing a Will and establishing any appropriate Trusts can be an arduous task.
What is an Executor responsible for ?
An executor has a variety of responsibilities which differ for each individual case. These can include:
- Obtaining A Grant Of Probate.
- Establishing The Inheritance Tax Position.
- Payment Of Funeral Expenses and other Creditors.
- Realisation Of Assets.
- Establishing Title To Property and possible sale.
- Setting Up Trusts.
- Liasing With Guardians in the case of young children’s care.
- Payment Of Taxation Liabilites.
- Payment Of Legacies.
- The Distribution Of Residue.
- Accounting For The Administration.
Knowing where to turn for help is fundamental to a family’s ability to cope with the loss of a loved one. Family members who have been appointed Executors are often unaware of their legal liabilities when fulfilling their role and of possible consequences if they carry out their tasks incorrectly.
You Need Specialist Professional Advice
This is where Lincoln Wills can help as specialists in Wills and Probate matters.
We offer our clients a simple transparent fixed charging structure. Our aim is to take the financial and emotional stress off the shoulders of loved ones at a time of bereavement.
By involving us as Executors you can rest assured your wishes will be carried out efficiently and sympathetically at a fixed competitive fee.
We provide a comprehensive Probate Service to our clients. Please telephone or e-mail for a detailed appraisal of your situation.