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What is a Grant of Probate?

on 19-Apr-2023 10:04:00 By | Charlotte Toogood |
What is a Grant of Probate? “What is a Grant of Probate?” is a frequently asked question by those newly tasked with administering the estate of a loved one who has recently passed away. A Grant of Probate, commonly referred to as probate, is a legal document that is often required in England and Wales by the Executor(s) (if there is a Will) of a deceased person’s estate. In Scotland, the process is known as Confirmation. A Grant of Probate is often requested by financial institutions to access bank accounts, sell assets, and settle the debts of someone who has died. Once probate is granted, this provides the Executor with the legal authority to administer the deceased’s estate and complete the above tasks.
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What are estate accounts?

on 13-Apr-2023 10:38:58 By | Nigel Merchant |
Estate accounts are one of the final stages in the estate administration process. These accounts are a detailed record of all the financial transactions that have occurred during the administration of an estate.
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What does an Administrator of an estate do?

on 22-Mar-2023 12:19:00 By | Nigel Merchant |
According to research from October 2021, over 10% of over 75s in the UK have not made a Will. When someone dies without leaving a Will, known as dying intestate, it hands one of their relatives a role they may not have been expecting, as an Administrator must be appointed. In this blog, we aim to clarify what an Administrator of an estate does, and we also look at the help available if you find yourself in this position.
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What happens to your loyalty points when you die?

on 20-Mar-2023 15:19:00 By | Nigel Merchant |
As we shop, many of us collect loyalty points from various companies, and throughout a lifetime this can amount to a substantial value. However, many of these points will remain unclaimed.
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How much does probate cost?

on 15-Mar-2023 11:48:37 By | Charlotte Toogood |
Probate is a legal process that may be necessary when someone dies and leaves assets behind. It involves obtaining a Grant of Probate to give the Executor the legal right to proceed with estate administration. This includes identifying and valuing the deceased’s assets, paying any debts and expenses , distributing those assets to their beneficiaries, and much more.
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What is a Nil Rate Band Discretionary Trust?

on 09-Mar-2023 09:34:06 By | Charlotte Toogood |
When writing your Will, you may include a Trust for certain portions of your estate, such as cash gifts or property. Alternatively, you may be acting as an Executor or Trustee for a Will that includes a Trust.
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Can the Executor of an estate sell the property?

on 23-Feb-2023 09:33:47 By | Nigel Merchant |
The Executor of an estate has the authority to sell the property of the deceased, as long as it is specified in the Will or authorised by the court. However, the Executor needs to be sure there are no surviving joint owners or clauses in the Will that prevent selling the property.
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Do I need a Solicitor for probate?

on 21-Feb-2023 09:19:00 By | Charlotte Toogood |
Following a bereavement, there are a number of tasks that need to be completed, which can make an already difficult time even more stressful. The Executor (if there is a Will) or Administrator (if there is no Will) is responsible for administering the deceased’s estate as per the wishes in their Will. They should consider: Whether probate is needed What’s involved in the probate process Whether a probate Solicitor is required In this blog, we aim to answer these queries and alleviate confusion around the probate application process.
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What should I do when someone dies?

on 13-Feb-2023 10:58:00 By | Nigel Merchant |
When a loved one passes away, the initial steps can be overwhelming. There are a number of tasks that need to be completed and it is often difficult to work out what should be done first. This can make an already tough time even more stressful. This blog aims to summarise the first steps to be taken following a bereavement.
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