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The Probate Process

November 16th, 2011

The probate process can be complicated, depending on circumstances and also time consuming. Unless you have already had the experience of dealing with probate, the sheer amount of paperwork can come as a shock. Although it is perfectly legal to make a probate application yourself, many families find this distressing especially in the early days of bereavement. In some cases, probate can take around nine months to complete – often longer if property or a large sum of money, beneficiaries debitors or creditors are involved. The probate format that you need to apply for, will depend on the financial circumstances of the deceased and whether or not a Will has been made.                             

If there are estimated to be over £5,000 of assets left in the estate after funeral costs, you will need to apply for probate as a legal requirement. There are three types of probate format. If a Will has been made, you will need to apply for a Grant of Probate. If there is no Will, you have to apply for Letters of Administration and if there is a Will but no Executor has been appointed you will need Letters of Administration with Will annexed. All these enable you or the solicitor or professional to administer and bring the estate to closure and distribute the funds correctly.

Whether or not you are named in the Will, when you make your probate application you will be known as the personal representative.

There may be no need to apply for probate if there is less than £5,000 left in the estate after funeral costs. In many cases this can be distributed without any formal title so you will probably be able to administer the estate by simply producing the death certificate to the relevant authorities and establishments such as the banks and HM pensions etc. If there is to be an inquest into the death, the Coroner’s Court should provide you with interim death certificates so that you can start the process yourself or make your probate application in the same way. Remember that all deaths have to be registered within 5 days and a death certificate issued.

Even if you do not need the probate process, you may need to have professional representation. Many banks and building societies require that you sign a form stating that you agree to divide the estate in accordance with intestacy laws or the terms of the Will and insist that this be witnessed by a solicitor. The Probate Bureau can advise you on this and whether or not it will be in your best interests to apply for probate.

Resolving even a small estate is still complicated and it is best to take some advice before you start. If you contact the Probate Bureau beforehand, they will be able to advise you whether probate is necessary. They can also advise and help with your probate application should you need it.

Whatever your circumstances, if you are a close relative or executor of a Will you will need to think about the probate process following bereavement. Contact the Probate Bureau to find the best probate format for you.

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Getting Probate Help and Advice

November 6th, 2011

A situation that many people find themselves in, at least once in their lives, is dealing with the financial and personal effects of somebody close following their death. In most cases, the majority of adults will have left some sort of estate and Probate – the word literally comes from the Latin “to prove,” is the legal process of administering the estate of a deceased person. It has to be done and if you are the person to do it, chances are you will need some probate support because it can be lengthy and complicated. Whether you are named as the Executor of a Will or are the next of kin of someone who has died intestate (without Will) getting probate help and finding out the correct probate information is essential. Many people shy away from using solicitors because of the cost of legal fees, but most need some professional probate advice throughout this time to help them through.

The Probate Bureau was set up to offer probate support to people in this position and provides a cost effective alternative to your High Street solicitor .Specialists in all aspects of Wills and Probate, you can be confident of an accredited professional service at a reduced cost. Unlike solicitors who operate under an open ended hourly rate they will quote a fixed price in advance. They can do this by working with a network of trained financial advisors and solicitors but carrying out much of the routine paperwork in office.  Much of the probate process deals with administration, and as most people know, even a routine letter from a solicitor’s office will be expensive.

You can get probate help by simply contacting the Probate Bureau via their free phone number. By getting the right probate information, you can find out whether your case even needs to go to probate because in some cases where the estate is small or property jointly owned, you may find that it is not necessary. In situations where the estate is straightforward, you may find that you only need some probate advice to start you on the way because you are confident that you can do it yourself. By getting some immediate probate information, you will be able to assess what is right for you.

Because most of us only ever have to deal with probate a couple of times at most in a lifetime, it can be hard to know where to turn to find probate help in your hour of need. The Probate Bureau will offer probate support every inch of the way, no matter how straight forward or complex your situation is. In addition, with no money required in advance and a set fee payable once the estate is released, you can feel confident that you have made the right decision.

You can contact them Probate Bureau for free probate information and arrange to meet with a trained representative in your own home. Getting the right probate advice and as much probate support as you need will ensure that you carry out this important role in the best way possible.

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The Importance of the Probate Process

October 18th, 2011

The probate process can seem a daunting prospect that most people only have experience with following the death of a loved one. Whether it is an expected death such as by terminal illness or old age, or the result of an unexpected and untimely accident, the grief and shock of a death can be very hard to deal and come to terms with. In London alone, around 10 people die unexpectedly on the roads each day and illustrates just how death can strike any of us at random.

The point is that when most people die they leave a whole range of affairs that need to be sorted out. The probate process usually falls to the next of kin to arrange, just at a time when they are suffering from the grief of bereavement. It is a complicated process that has to be dealt with at a time when many people freely admit to not being able to think straight.

The term probate simply means administering or looking after the estate of someone who has died. When you consider the amount of paperwork and assets that most of us accumulate in a lifetime it can be a big job. Property, pension plans, tax ,premium bonds, contracts, stocks and shares, bank accounts , insurance policies all have to be sorted out and any proceeds from these must be passed on to the correct recipients.

The affairs of someone who dies are often messy and complicated especially if the death is unexpected, and they must be arranged and dealt with according to the law. The probate process is part of this legal function and is in place to protect against financial wrongdoing after a death.

If there is a Will, an executor or executors will have been appointed by the deceased, beforehand to deal with affairs in the case of death. The executor must apply to the probate registry for a grant of probate and this gives them the legal right to deal with the deceased persons assets in accordance with the terms of the Will.

If the deceased person has not made a will and has died intestate, the next of kin must apply for a letter of administration to be able to carry out the probate process.

The Probate Bureau was set up to help people through this difficult time and offers a range of services that will help you. Whether you wish to do probate yourself or employ a legal representative to do it for you, the Probate Bureau will be able to help you do the right thing and carry out your obligations.

In some cases, a grant of probate or letter of administration is not required. If the estate of the deceased is under £5,000 for example, it may not be necessary. However making this decision in itself can be complicated and you may run the risk of failing to locate funds that legally may be owning to you or the family. There are estimated to be millions of pounds left unclaimed from deceased accounts in London alone so it makes sense to get the correct legal advice and make sure that the probate process is carried out correctly, why not use the Probate Bureau.

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Probate Help and Advice for London and England

October 12th, 2011

Dealing with the affairs of a deceased person can be complex and distressing and it can be hard to know where to start. Whether you are the next of kin or executor, the Probate Bureau can help you start the process or help you through every step of the way if you need it. The Probate Bureau offers probate help suitable for all situations. Getting some probate advice to determine whether you need a grant of probate or a letter of administration is the vital first step in ensuring that you carry out your role in the best way possible. If you live in or around London, the Probate Bureau can visit you in your own home or you can speak to one of our advisers free of charge on the telephone.

The legal process of administering a deceased estate, also called probate, involves sorting out money owing and distributing assets to the correct people. Probate can be lengthy and complicated whether or not the deceased has left a will.

Although it may seem hard to face, especially in times of bereavement, the faster that you obtain probate advice the easier it will be for you. For example, you may be able to defer the funeral expenses until money is released from the estate. This can be a huge headache for people who find themselves dealing with an unexpected death and lack the ready funds to pay for the funeral. Getting probate help will ensure that any expenses that you pay out will be reimbursed once the estate is distributed.

When a person dies, he or she leaves a range of issues that have to be dealt with, from the simple cancellation of a mobile phone contract and store card accounts, to the sale of a property and the disposal of the house contents. The Probate Bureau can arrange independent valuation and the sale of the property. In London, England especially the value of property can be high and subject to extreme fluctuations so it makes sense to ensure that the property is sold for correct market value. After all the deceased person would probably want to help his or her own family financially, and not an estate agent! 

In some cases where there is no close family, next of kin or will, you may find yourself as the nearest thing to a close relation or friend. In these cases, probate advice is essential. The Probate Bureau can help in verifying the family tree to determine where the funds of the estate should go. Whatever your situation, the Probate Bureau will provide you with a set fee for services that can be paid from estate proceeds, once it is resolved

The Probate Bureau offers a range of services that will give you real probate help. Professional probate advice can be as simple as just advising you whether you need a letter of administration or probate grant. It can be as complex as proving entitlement to the proceeds of a property sale. In London alone, thousands of people lose out each year by not taking the correct probate advice so make sure that this does not apply to you.

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Do Probate Properties Sell for Less?

October 5th, 2011

It is a common misconception that probate properties sell for less than their market value. However, this is almost never the case. Whilst many believe that beneficiaries are will to accept a lower off in order to be able to finalise the probate process, in our experience this isn’t what happens.

An Executor of an Estate has a responsibility to ensure that they achieve the best possible price for all assets, including the property, which means a lower price cannot be accepted in order to speed up the probate process. Also, due to the current financial climate many beneficiaries want to ensure that they achieve the best price possible in order to ease their own financial burdens.

It must be noted that many bereaved client have an unrealistic idea of how much a property is worth as the sentimental value often means they believe it is worth much more than it is.

However, despite the fact that probae properties do not sell for less, the sale process is often done quicker as there is never a chain.

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