A majority of solicitors would offer probate services along with other services. However, several people may not be able to understand what probate actually means. They also might not be able to understand the role of a solicitor in administering it.
Probate would be best defined as the legal process of sorting out any estate, will or other unresolved issues after someone has died. The probate solicitors Kent would make sure and bear witness to see that the will of the deceased person has been properly executed. They would also make sure that what takes places should adhere by the law.
When a person makes a will, they would generally appoint the same solicitors in charge or probate after they pass away. This would have the benefit of knowing that they would be probably have a better understanding of the wishes in the will. They would have helped the person making the will to put it in place. You would also be sure that they have written the will in a manner that would suit their probate method.
Choosing an executor
A probate solicitor might be required to choose an executor of the person’s will in case this has not been stated in the will. They would generally choose a close family member or friend if none were available.
Hiring an experienced probate solicitor
As administering of probate could be a complicated and stressful process. Therefore, hiring an experienced probate solicitor would be a good idea to help ensure that everything runs in a smooth manner.
The probate solicitor would initially value the estate of the deceased, look at the bank accounts, property and other financial investments to decide whether they are required to make general representation. This has been a document that would provide a written permission for the executor for administering the will. It is usually required when a person leaves shares or stocks, property, land held in their own name or as ‘tenants in common.’ It could also be used in case they have certain insurance policies as well.
What else does a probate solicitor helps you with
A probate solicitor could also help to understand inheritance tax for you. They would assure that you pay the correct amount. It would not be wrong to suggest that inheritance tax is not always due. However, if the total of any estate left in the will along with any gifts made within seven years has been more than a specified amount, the inheritance tax would be payable at 40%. Some things might change the threshold, such as, in case of married couples and civil partners, annual relief, gifts to charities, heritage, woodland, small gift allowances and business and farm relief.
Cost of hiring probate solicitors
Clients want to keep the cost as low as possible. They could also do this when seeking probate legal advice. The best manner to do this would be to agree on a fixed fee after first meeting with the solicitor. It should be understood that various factors might affect the cost of hiring a solicitor. These would be inclusive of things as if there has been an error in the will or if the will has been contested.
Author Bio: Andrew Butler is a highly experienced lawyer in the field of Conveyancing, Probate, Wills and Commercial Property. As a qualified solicitor since 1981, he is the Senior Partner at Worthingtons Solicitors in Folkestone; a legal firm practicing law for over a century.