Probate Advice Colchester Posted by Probate Bureau , 19/06/2019

Probate Advice Colchester

Probate Advice Colchester

Sometimes, when faced with a loved one passing away, the probate process can seem extremely complicated and like a huge commitment.

Here at The Probate Bureau, we will be more than happy to offer you all the probate advice you need. When you turn to us, we will be able to shoulder the whole burden of winding up an estate in the most empathetic way possible.

Providing you with an outstanding service at a very fair and reasonable fixed fee price. It's our goal to save families both time and money during hard times. So, for Probate Advice in Colchester, give us a call on 0808 256 2366.

So, What is Probate?

In England and Wales, Probate is the word used to describe the legal and financial processes involved with dealing with the property, money and possessions of a person who has passed away.

Before the executor of the Will can sort out any of the deceased’s assets, they may have to apply for Probate.

Who Can Apply For Probate?

If there is a Will, the person named as the executor of the Will should be the one to apply for a Grant of Probate.

If there is not an existing Will, a close adult relative can apply for a letter of administration, which will grant them the same rights an executor. They will then be known as the administrator of the estate. The estate will have to be settled according to intestacy law, rather than the wishes stated in the Will.

Many find that the probate process is a time and labour-intensive process, so that is why so many people choose to come to The Probate Bureau for advice. We will be able to apply for probate and settle the estate on your behalf. To find out more about our process, take a look here.

What Does the Probate Process Involve?

The probate process usually consists of:

  • Valuing the estate

  • Collating the deceased's bank accounts and insurance policies
  • Completing the Probate Application Form (PA1)
  • Even if the estate doesn't owe inheritance tax (IHT) an IHT205 form needs to be completed for the HMRC
  • Submitting all the applicable forms
  • Attending a probate meeting to sign a Letter of Truth, declaring that all the information you have provided is true to the best of your knowledge
  • Paying any taxes due

What is Inheritance Tax?

Inheritance Tax is the tax on property and money acquired by inheritance.

Helpful Probate Advice in Colchester

Here at The Probate Bureau, we offer a range of fair and reasonable, fixed fee probate advice in Colchester. Whether you need help with writing a Will or administering Probate, we’ll be able to help.

Though, if you are looking to handle the Probate process yourself, before you do anything else, be sure to take a look at our 7-step Checklist. It’ll help you through the process.

For more advice, please feel free to call us on 0808 256 2366. We’ll never treat you like one more number. Each any every one of our clients is unique and all of us are completely trained to take care of exactly how we wish to be treated ourselves. We’ll be able to tell you what you should do, and even more importantly, everything you shouldn’t do before you do anything else. The Probate Bureau – professional Probate advice in Colchester.

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