PROBATE
Probate specialists based in Merthyr Tydfil
Let us guide you through the complex process of administering an estate. With our extensive knowledge and compassionate approach, our specialists will ensure a smooth and efficient distribution of assets, giving you peace of mind during a challenging time.
What Is Probate?
Probate may sound like a complex series of tasks to the uninitiated. In simple terms probate is the process of sorting out someone's estate; managing distribution of their property, money, possessions after they died, as per their will. This may be on behalf of a family member, a close friend, or someone you have cared for in old age or illness.
Probate is carried out by the executor; any named individual over the age of 18. If you are the executor of a will, it will be your responsibility for carrying out probate. This entails gathering the departed's assets, paying off their bills and distributing the assets according to their wishes. You can either take this on yourself or instruct a professional company like Maplebrook Wills, who have a friendly and supporting team to act on your behalf.
THERE ARE FOUR KEY STAGES OF PROBATE
1.
ASSESSING VALUE
We will assess the total value of any assets formerly owned by the departed, to consider if inheritance tax (IHT) needs to be paid, and how much.
2.
CONTACT THE PROBATE REGISTRY
Our team will contact the probate registry to apply for a Grant of Probate, then submit an IHT form to the appropriate tax office.
3.
PAYMENT OF IHT
It's essential that any due inheritance tax is paid at this stage.
4.
ADMINISTER THE ESTATE
Finally, we will pay off outstanding debts owed by the recently departed and distribute assets as per their will.
Supporting You At Every Step
Attempting to administer probate yourself at an emotional and difficult time in your life can be overwhelming; you may be required to notify the deceased's banks, building societies, the local council, passport office, HMRC or the armed forces if the deceased was ex-military. The whole probate process is a whole lot more complex than that, therefore it makes perfect sense to seek support from a professional body. Maplebrook Wills is here to help.
Get in touch with our team today to start the probate process, or to learn more about the different aspects of probate that we can help with.
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