Legacy Will UK - Will Writers in West London

Legacy Will UK - Will Writers in West London Testimonials

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Legacy Will UK - Will Writers in West London Testimonials

If I’d known it was this easy I’d have arranged my Will years ago!
- Mrs Nolan, Chalfont

Thankfully the jargon was kept to a minimum; I can actually understand what my Will says!
- Mr Lloyd, Eastcote

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Probate Advice

What is Probate?

Probate is the word used to describe the legal process of administering the estate of a person who has died, and, after deducting debts and other liabilities, transferring that person's money and possessions to the people who will inherit them: their beneficiaries.

There are three main stages in the process of Probate:

  1. Collecting the information about all of the assets and liabilities of the deceased
  2. Preparing the statutory Tax Returns and the application to the Probate Registry for the Grant of Probate
  3. Gathering in the assets, paying the liabilities and expenses, and distributing the estate to the Beneficiaries

What's Involved?

Whether or not the person who has died left a Will, the estate will have to be administered.

Some estates are very simple to administer while others are very complex. The Executors' and Administrators' duties include:

  • identifying all the deceased person's assets and valuing them as at the date of death
  • accounting to HMRC for any Inheritance, Income and / or Capital Gains Taxes due
  • obtaining the Grant of Probate or Letters of Administration
  • gathering in all the assets, including any overseas
  • settling all the deceased person's liabilities
  • preparing estate accounts
  • identifying all the beneficiaries and locating any who are missing or unknown
  • correctly distributing the estate to the beneficiaries

Why use a professional?

Each of us has different circumstances that can change on a regular basis; therefore deciding if you want or need to instruct a professional to administer your estate when you are making your Will may be difficult.