A probate solicitor's guidance makes the estate administration process clearer after losing a loved one. They walk beside you through each legal step to properly distribute assets based on the will or law. Here's what you can expect while working with probate solicitors to handle an estate.
Steps Probate Solicitors Undertake for Administering the Deceased's Estate
The following are the significant steps that a probate lawyer undertakes to understand and administer the deceased's estate:
Getting the Will and Documents Ready with a Probate Solicitor
Your first step is to find the will if one exists. This document shows how the deceased wanted their property and assets divided. If there is no will, the estate will follow legal guidelines, which your probate solicitor can explain.
A certified death certificate is required to prove the person has passed. You also need to gather personal and financial documents, such as:
- Bank statements
- Property ownership documents
- Lists of any unpaid bills
These help the solicitor see the full picture of what needs to be handled.
Setting up Legal Authority
They will usually name someone in charge (the executor). Your probate solicitor helps you apply to the court to become the estate's administrator without a mentioned name.
Getting the Court Permission
Your solicitor helps fill out and submit the probate application. So, this asks the court for permission to manage the estate. With a will, you request a grant of probate. Without one, you ask for a letter of administration.
The solicitor makes sure you know about application fees and fills out everything correctly to avoid hold-ups.
Handling Debts and Taxes
Before giving anything to family members, the estate must pay outstanding bills. Your solicitor helps list who needs to be paid and handles those payments. Some estates have to pay inheritance tax. Your solicitor figures out what's owed and arranges payment from the estate money to prevent further legal problems.
Distributing the Estate and Closing
After paying bills and taxes, it is time to transfer the remaining money and property to the right people. Your solicitor makes this go smoothly.
The solicitor may prepare a final report showing how the estate was handled. This document provides a full summary of payments made, assets transferred, and any remaining funds.
Once all assets are distributed and accounts are settled, the probate process ends. Your solicitor will assist in closing any open accounts, such as bank accounts or investment portfolios, in the deceased's name.
Working with probate solicitors at Abby Law keeps everything organised and legal from start to end. They simplify things and make sure you meet all requirements. Following these steps helps you honour your loved one's wishes properly.
