After the death of a loved one, the process of having to sort out the finances only increases stress levels at a difficult time. At SCL Wills and Probate, our wills and probate solicitors efficiently handles the probate process for you. We offer probate services for estates of all sizes with services that are tailor made for your specific needs, whether there is a will or not.
Our Probate Services
Every situation and estate is unique. The probate process varies depending on the size of the estate and if there is a will. Our probate lawyers in London offer probate services for applying for a Grant of Probate when there is a will or a Grant of Letters of Administration when there is no will. Our other services include assisting families in dealing with inheritance tax issues, Deed of Variation, and many other issues that may arise during the probate process.
Our wills and probate solicitors offer legal services to assist the executor of a will. If you are the executor, we can provide advice and guidance for inheritance taxes, distributing property on behalf of the deceased, and handling any applications and paperwork that may be required. We can explain the steps that must be taken and forms that must be submitted during the probate process.
We have provided probate services for everything from simple to complex estates where businesses or overseas properties are owned, estates are left to minors, and situations when the wishes of the deceased are not clear. Our solicitors are knowledgeable about laws regarding inheritance taxes and probate to ensure that all legal requirements are met.
Inheritance tax issues must be handled before you can apply for probate. You will need to complete an application and the appropriate inheritance tax form, depending on the size of the estate. When the deceased’s estate is valued at more than £325,000, inheritance tax will need to be paid on the estate prior to the Grant of Probate being approved.
You can either value the estate on your own or have a solicitor help you. In order to provide an accurate valuation of the estate, you will need to gather information about all property, investments, savings, and other possessions owned by the deceased. It is essential that you provide an accurate valuation or you may have to pay a penalty.
How Long Does Probate Take?
This is a commonly asked question at the beginning of the probate process. Normally, the grant of probate is received in about six weeks from the time of the application. For complex estates, it can take longer to apply for the Grant of Probate and receive approval. At this time, the executor will need to execute the will, which is the process of distributing the deceased’s assets to the intended recipients.
The entire probate process can take from six to nine months to complete, depending on the complexity of the estate and number and type of assets left by the deceased. Very complex estates can take even longer. We encourage you to browse through our website to learn more about our will and probate services and contact us for additional information.