Dealing with someone’s affairs when they die can be complicated and confusing, especially at a difficult and emotional time. We can help support you and provide direction to administer your friend or loved ones estate.
Whether you need some advice on what steps you need to take in order to deal with the estate of a loved one or you are looking for someone to carry out services on your behalf, whatever your circumstances we have the right answers and solutions for you. At a time of loss, financial matters are very sensitive be reassured that (name of Will Writer) offer Fixed Fee Probate Services. This means you will agree the cost upfront and there will be no hidden surprises.
Premier Private Wealth work in partnership with our trusted partner Premier Solicitors who will manage all of the legal aspects of the estate of administration.
Premier Solicitors was founded in 2006, operating nationally with Head Offices in Bedford. Premier Solicitors is a leading law firm offering competitive fixed fees and dedicated to providing a professional and affordable legal service on a range of legal services. We are committed to providing appropriate solutions and excellent customer service.
The Firm is Lexcel accredited, a Law Society nationally recognised quality mark for law firms.
Someone’s estate is everything that they own; all of their assets (whether real property or personal property) and their liabilities
An executor is a person the deceased wished to deal with the administration of their estate after their death. It is your Executor’s responsibility to:
Your choice of Executors and/or the Solicitors they instruct can determine how quickly and efficiently the administration of the estate is progressed.
Probate is the court’s authority, given to a person or persons, to administer a deceased person’s estate and the document issued by the Probate Registry is called a Grant of Representation. This document is usually required by the asset holders (such as banks) as proof to show the correct person or persons have the Probate Registry’s authority to administer a deceased person’s estate.
The Probate process is needed when investments (typically over £5,000) were held in the deceased’s sole name and the banks, building societies and other organisations request for a Grant of Probate/Letters of Administration in order to release the funds held.
In straightforward estates we can prepare all the necessary papers within 5 working days of receiving full information about the estate from the Executor/ Administrator, and we can then obtain the Grant within 10 working days of the Executor/ Administrator signing and returning the duly signed papers to us.
No. However, it is a common misconception amongst people is that when a person dies their debts disappear but this is not the case unless otherwise stated. When a person dies their debts are paid for from their assets at the time of death. If their debt exceeds their available assets then the estate will be insolvent. Sometimes it is not known if an estate is insolvent until the grant of probate has been received. When the estate of the deceased is insolvent, gifts and legacies cannot be distributed to the beneficiaries under the Will. This part of the law is governed by Administration of Insolvent Estates of Deceased Persons Order 1986 (DPO 1986).
A personal representative is usually the named Executor of the deceased’s Will. When a person dies without making a Will, the personal representative is the person a grant of administration has been given to. It is the duty of the personal representative to pay off all debts of the deceased and if this is not done then they may be liable to pay money back into the estate. In order to avoid this, it is advised that the personal representative should apply for an Insolvency Administration Order.