Probate And Administration
 If an estate consists of assets which, individually, are less than £5,000 in value, or jointly owned assets where the surviving joint owner automatically inherits the deceased’s share, it may be possible to administer the estate without obtaining a grant of representation (probate or letters of administration).
Where a grant of representation is required, a personal representative will have to deal with the following matters:-
 Find out if there is a Will or not, and confirm if he or she is the named executor or, in the absence of a Will, the administrator
- Attend to formalities such as organising the funeral, securing the property, notifying the registrar
- Find out the nature and value of assets and debts of the estate
- Prepare a detailed list of the assets and debts
- Open an executor’s bank account in order to be able to pay money in and out during the administration
- Work out the amount of Inheritance Tax payable, if any and arrange payment
- Prepare and send off the documents required by HM Revenue & Customs and the Probate Registry
- Swear the papers at the Probate Registry
- Receive the grant of representation and send copies to all asset holders
- Collect in all the assets due to the estate and pay any debts
- Pay out the legacies and hand over any bequests
- Distribute or invest the residue in accordance with the Will or rules of intestacy
Many people who find themselves faced with the task of acting as executor or administrator are daunted by the responsibilities placed upon them, particularly at a time of loss.
 Advantage Legal are experienced in providing a comprehensive range of professional services designed to support the bereaved through what can be a bewildering and time-consuming process:-
- Guidance in registering death
- Securing and cleaning the family home
- Organising paperwork and bills
- Publishing obituaries and debtors notices
- Securing and administering probate
- Arranging inventories, valuations and sales
- Distributing legacies and bequests
At Advantage Legal our services can be tailored to offer as much or as little support as you need, all in the comfort of your own home, if required, and at a cost which is considerably less than that of a high street Solicitor.
Guidance and support when you need it most
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