Probate Valuation Advice

You need probate to sell a house if there is no will or the deceased was the sole owner of the house. Here are other events and exceptions:

Obtaining a grant of probate doesn’t require a solicitor. But bear these in mind before taking on the job yourself or engaging a third-party.

Probate provides a trustworthy, transparent, and fair procedure for administering a deceased’s assets. However, with these benefits comes a lot of stress. The probate process isn’t only stressful – it is time-consuming as well. People who prefer their assets passed on to their loved ones without them applying for probate have some alternative legal routes […]

Creating a living trust sounds simple, but it can be more complicated than writing a will. To get started, you need to consult an expert.

In every living trust, assets are transferred to the trust and a trustee is appointed to tentatively manage them till the original owner dies.

If one of the tenants in common dies, it may be necessary to apply to probate to deal with their share of the property. However, some instances where probate may not apply to tenants in common include:

Even with a letter of administration, you need probate if there’s a dispute between debtors and beneficiaries. Other circumstances include:

Probate is required, even with a mirror will. The reason is to confirm that the surviving spouse’s will is valid and contains the same thing as the deceased person’s copy.

Power of attorney and probate are two terms that people often misinterpret when it comes to the administration of a deceased’s estate. Although distinct, these two terms are often a source of confusion. Some believe that because a deceased person gave them a power of attorney while alive, they don’t need probate to administer their […]

Several circumstances require probate, even if the deceased had no assets. A situation where the deceased held joint assets while alive is one. Others include:

Generally, probate is often required to settle a deceased person’s estate, especially where the deceased left property behind. However, in some cases, certain organizations, like the bank holding the deceased’s financial assets, the insurance company, or the pension provider, may request a grant of probate before releasing these funds to the beneficiary. The reason is […]

Whether or not you need probate after your husband passes depends on his financial situation and other factors. These include whether they left a will behind, the kind of assets they had and if they had creditors. When Probate Is Necessary For A Deceased Spouse If your husband wrote a will before he passed, you […]

Funeral costs can be paid before probate. Below are five (5) ways to do that pending the release of the deceased’s assets.

Not everyone can afford funeral expenses, especially when it comes by surprise, whether by an unexpected death or higher-than-anticipated costs. This often leaves the bereaved with no choice but to search for alternative payment options. This guide considers a few ways to cover funeral costs if there is no money. What Happens if You Can’t […]

The cost of a standard probate property valuation service in London is between 1% and 5% of an estate’s total value after valuation.

Before dealing with a deceased’s estate, you need legal authorisation from the court to act. Here, we highlighted the forms you need to support your probate application and the circumstances they are required.

A petition for probate of Will is a request to the court to assess the genuineness of a will after the passing away of the testator. Discover here what it means in detail and the information it should include.

A letter of probate is a document that the probate court issues to the executor of a deceased person’s estate. Find full details here about what it is, who can apply for it, and the application process.

Most probate solicitors charge between 1 to 5% of the value of the estate, plus value-added tax (VAT). However, others charge using other approaches. Below is a breakdown of all the approaches – how they work and the factors influencing them. How Do Solicitors Charge for Probate? 1.   Percentage of the Estate Value Probate solicitors […]

he threshold for probate in the UK ranges from £5 000 to £50,000. Generally, there are no fixed laws governing the probate threshold in England and Wales.

When a will goes to probate, the court will first authenticate the will and authorise the executor to pay all outstanding taxes and debts. Afterwards, the executor distributes the remaining property according to the instructions stated in the will.  Below is a breakdown of the entire probate process: 1. Starting the Process Usually, when a […]

Probate is not required if the deceased died intestate and when the estate is simple or very small. Find out here other circumstances that do not require probate.

Probate gives you the legal right to deal with or administer the estate of the deceased. When applying for probate without a will, you will be required to apply for letters of administration. A grant of probate is what is issued if there’s a will. With the letters of administration, the next of kin or […]

Probate is necessary for the administration of a deceased’s estate if the value is above £20,000. If the deceased left a will then a grant of probate will be issued. However, if there was no will, then the executor will be issued with a letter of administration. Most of the time financial institutions and other […]

Probate application is an essential aspect of the process of distributing the estate of a deceased loved one. Probate, otherwise known as a grant of probate, is the legal document that shows the executor or next of kin has the right to deal with the assets of the deceased person. The probate process can be […]

Probate refers to the legal right to distribute or deal with the estate of a loved one after their demise. In this case, estate basically refers to the properties, money, and possessions left behind. No one can start distributing the deceased estate before acquiring probate. This can be done by either an executor or next […]

It’s always hard to cope with the death of a family member. You need time to recover after a loss and get over it. At the same time, you will face a lot of challenges especially if you have been named a beneficiary in your relative’s will. Inheritance can leave you with a large tax […]

Valuation is an assessment of your property’s value. There are different types of valuations used for a wide variety of purposes. A Red Book valuation is just one of them. Solicitors, accountants, bankers and agents are acquainted with this type of valuation. Let’s dig deeper to find out what Red Book valuations mean and why […]

Discover the essential guide to probate valuation in the UK, simplifying estate administration and compliance with HMRC

What does it mean when probate is granted? Once probate is complete, this means that you or the solicitor have the legal right to administer the deceased’s estate(property, money and possessions). If the person left a will, you’ll get a grant of probate, if there was no will left then a letter of administration is […]

The probate process and the estate administration process takes between 9-12 weeks. In situations where the deceased had small and uncomplicated property, the probate timeline is much shorter. What is a probate? This is the legal right to oversee the affairs of the deceased person before the estate is distributed according to the will. At […]

When a family member dies, you, as the inheritor of their property, will have a large job on your hands. As well as informing friends and relatives and making funeral arrangements, you will need to have the deceased’s property valued and cleared. This is a difficult task at a difficult time, and it is understandable […]

Chattels and house contents rarely make up a significant proportion of the value of an estate. However, they will often pose the greatest practical issues for an executor and can be subject to competing claims. For this reason, a prudent executor will want a clearly itemised and properly valued inventory.