Probate services are required when an individual passes away and their estate needs to be overseen. A Grant of Probate or a Letter of Administration should be done and approved by the Probate Registry before anything can happen with regards to administering the estate. The purpose of these documents is to give legal power to persons involved with the estate administration.
· A Grant of Probate will be issued if there is a Will.
· A Grant of Letters of Administration is required when there is no Will.
When this has been done, the process of dealing with the estate can finally start.
This process can be daunting and hard to deal with, that is why we want to assist you with all your probate service needs in Surbiton.
These are the steps of a probate:
Step 1: Calculate the value of the estate and validate any claims to the Will.
Step 2: Pay the Inheritance Tax.
Step 3: Apply for Probate to have legitimate control over the estate.
Step 4: Once the Probate has been issued, the estate administrators will start to settle the liabilities by selling resources and pay any extra sorts of Tax.
Step 5: Preparing the records and sending them to the relevant parties.
Step 6: Distributing the estate to those eligible.