Probate services are required when a person passes away and their estate needs to be sorted out. A Grant of Probate or a Letter of Administration needs to be done and granted by the probate registry before anything can be done with regards to the estate. These documents give the person listed on the document legal authority to make decisions with regard to the estate.
• A Grant of Probate will be issued if there is a valid Will with one or more executors – they will then apply for the probate.
• A Grant of Letters of Administration is required when the deceased person did not leave a Will. A family member will usually apply for this.
Once this has been done, the estate administration can begin.
We know that this process can be quite overwhelming and complicated, that is why Saxon Kings is able to provide all probate services in Kingston.
When it comes to probate services in Kingston, we are here to help you every step of the way. To give you an idea of what the process entails, here are the steps of a probate process:
Step 1: Determine the value of the estate and verifying entitlement to the Will.
Step 2: Pay the Inheritance Tax where applicable.
Step 3: Apply for Probate in order to have legal authority over the estate.
Step 4: Once the Probate has been issued, the estate will begin to sell the assets, settle the liabilities and pay any additional forms of Tax.
Step 5: Preparing the accounts and sending the final balance of the books to the Executors of the estate for approval.
Step 6: The transferring of assets and the distribution the balance of the estate funds.