What is Probate?
Our Probate Services
How we can help you?
For peace of mind – We offer a professional, friendly service to help Personal Representatives and carry out much of the administration and paperwork on their behalf.
To simplify – the administration of the deceased’s estate, using our experience to manage part of or the whole process at this difficult time.
Applying for a
Grant of Probate
Frequently Asked Questions
Probate is a legal process which applies when a person dies and their assets such as money and property are valued and distributed among their heirs. Probate applies whether a Will was made or not – if a person dies intestate, a close family member can act as their Personal Representative and appoint others, to help administer the estate and apply for a Grant of Probate, so that their assets can be distributed. A Grant of Probate is necessary if a person owns a property and/or has money held in bank accounts. Taking expert advice on obtaining a Grant of Probate is important, to ensure the paperwork is accurately completed and to facilitate the smooth adminstration of the estate.
Normally, you do not need a grant to get money from an estate that is less than £5,000 and only has cash in deposit accounts. However, if the estate includes certain assets – like land or shares – you will always need to get a grant.
✦ The estate must be valued and an assessment of entitlement to the estate must be made.
✦ An assessment must be made to calculate whether, and how much, Inheritance Tax or Capital Gains Tax must be paid.
✦ An application for the Grant of Representation must be made to the Probate Office. This is needed so that the estate can be administered and distributed. Detailed accounts must be kept by the Personal Representatives receiving and distributing the assets.
✦The accounts must be approved by the Personal Representatives before the assets can be distributed.
✦ Once liabilities of the estate have been paid in full, the remainder must be distributed to the beneficiaries named in the Will, or heirs under the Rules of Intestacy, until all assets and property have been distributed.
If someone dies and they have a Will, the executors of that Will are responsible for getting probate. If a person dies without a will, then the rules of intestacy determine who is responsible for getting probate. Whoever applies for probate is responsible for correctly collecting in and properly distributing the estate of the deceased after paying all taxes and other debts due.
Our Main Services
Probate Assistance From
Fixed Fee Probate Assistance: costs start at £1,800 where there is no IHT to pay.
Fixed Fee Probate Assistance: costs start at £3,000 where there is IHT to pay.
We also offer Wills and Probate Services, Please contact
We at Bicester Wills and Probate can offer expert advice and guidance in all of the above areas and more.