Probate & Intestacy
Probate - Is the legal term used to administer an estate when a person dies having made a Will
Intestacy - Is the legal term used to administer an estate when a person dies without making a Will
The process of administering an estate after a person has died is a big responsibility which can be very complicated and time-consuming at what will already be an emotional and upsetting time.
Duties involved in administering an estate include:
- Locating the original Will
- Completing and filing the correct court forms for when there is or isn´t a Will
- Attending a personal interview at the Probate Registry
- Obtaining valuations of the deceased´s assets at the time of death
- Identifying and collecting all of the deceased´s assets (including selling any property)
- Settling any debts and paying any expenses e.g. funeral, administration/court fees etc
- Ensuring that any wishes of the deceased are carried out
- Preparing and submitting tax returns for inheritance, capital gains and income tax
- Obtaining tax clearances before distributing the estate
- Preparing estate accounts for the beneficiaries
- Distributing the deceased´s assets in accordance with the Will or Intestacy rules
Bakewells Solicitors can handle all the responsibilities involved in administering an estate after a person has died, whether or not there is a Will in place.
