When someone dies, the process known as ‘probate’ must be completed before the deceased’s assets can be distributed in accordance with the will. Probate is the responsibility of the executors named in the will, and their duties can be stressful and time-consuming, depending on the complexity of the deceased person’s financial affairs. If that person died without a will, probate is still required, but the paperwork becomes even more of a daunting prospect for the inexperienced. If the executors are unable or unwilling to deal with probate themselves, they can pass the work to others, whether private individuals or professionals.
Most solicitors will charge 2 ½ % of the gross value of the estate plus vat, and banks normally charge a good deal more. Our clients’ probate work is handled by a firm of solicitors with whom we’ve been associated for about 10 years, and because of the high volume of work we pass to them, we’ve been able to negotiate a specially reduced fee of 1%+vat, which can represent a saving of thousands of pounds.
If you need advice or assistance in dealing with probate, please call 0845 539 0254 and ask for the Probate Manager.