What can you expect from the call?
When you contact The Probate Network, you will receive a twenty-minute telephone consultation with a probate solicitor who will provide you with initial free advice. During the call, you can discuss various probate-related matters, such as applying for a grant of probate, letters of administration, valuing probate property, inheritance tax, intestacy law, international probate, estate administration and estate distribution. The probate solicitor you speak with will be a member of the Law Society and regulated by the Solicitors Regulation Authority.
What probate advice can you expect?
When someone dies, their estate is left behind, which includes all their assets, such as money, property, and possessions. In order for their estate to be distributed to their beneficiaries, the probate process needs to be carried out. This process involves several important steps, which include:
Grant of Probate: The grant of probate is a legal document that confirms the executor’s authority to deal with the deceased’s assets. It is obtained by submitting an application to the probate registry and is usually necessary when the deceased has left a valid will.
Letters of Administration: If the deceased did not leave a valid will, then the court will appoint an administrator to deal with the estate. In this case, the administrator will need to apply for letters of administration, which is a legal document that confirms their authority to deal with the estate.
Valuing probate property: It is important to obtain an accurate valuation of all the assets included in the estate, such as property, investments and personal possessions. This is necessary to determine the value of the estate and to calculate any inheritance tax that may be due.
Inheritance tax: Inheritance tax is a tax that is payable on the value of an estate above a certain threshold. It is important to calculate the amount of inheritance tax due and to make sure that it is paid before the estate can be distributed.
Estate administration: Once the grant of probate or letters of administration have been obtained, the executor or administrator is responsible for administering the estate. This involves collecting in all the assets, paying any debts and expenses, and distributing the estate to the beneficiaries in accordance with the will or intestacy rules.
Estate distribution: After all the debts and expenses have been paid, the remaining assets can be distributed to the beneficiaries. This can be a complex process, particularly if there are a large number of beneficiaries or if there are disputes over the distribution of the estate.
How can the Probate Network help?
The Probate Network is unique because not all solicitors offer free advice. By connecting you with a probate solicitor in Nottingham who is willing to provide free probate advice, you can get the answers you need and determine if the solicitor is someone you can work with should you need further advice in the future. If you decide to seek further assistance, you can request a probate quote.
The Probate Checklist
Before your call, it’s advisable to review The Probate Network’s probate checklist, which lists all the necessary documents for completing the probate process. This will ensure that you’re fully prepared for the call and can make the most of the free advice offered.
What happens after the call?
After the call, you’ll have a better understanding of your legal position, which will help you decide whether you need the ongoing support of a probate solicitor. You can request assistance from the probate solicitor for specific elements of the probate process, such as calculating inheritance tax and exemptions, or applying for the grant of probate or letters of administration. The probate solicitor can also help with estate administration and distribution if there are many beneficiaries or complex financial arrangements to unravel.
If you consult with The Probate Network about contentious probate, you’ll gain insight into whether you have grounds to contest and the likelihood of success, as well as an estimate of the legal costs involved. Unfortunately, litigation is rarely cheap, so the cost has to be balanced with the value of the estate and the potential damage to family relationships, which a long drawn-out dispute may cause. You may need to consider a loan for contentious probate.
The Probate Network’s probate services business directory
The Probate Network’s probate services business directory is another useful resource that allows you to find a range of probate service providers in Nottingham and beyond. Throughout the probate process, you may need the support of a range of professionals, such as probate finance and probate insurance providers, RICS property valuers, genealogists, asset and will searches, burial and cremation, valuers for all types of property as well as probate-specific house clearance services.
At The Probate Network, we pride ourselves on delivering on our promises and providing pressure-free advice that empowers you to make informed decisions. Contact us today to connect with a probate solicitor in Nottingham who can help simplify the probate process for you.