Wills and probate
Many people think that making a will is for the rich or for Old people. However, that cannot be any further from the truth. Whether you estate is large or small it is always best to draw up a will in advance. Not only is this a good way to avoid disputes and to ensure that your wishes are met, you can also protect the inheritance you leave behind in a number of different ways.
Call us now on 0113 200 7480 or 0113 228 4000 to speak to one of our expert Solicitors or tell us about your situation using the online contact form
Why make a will?
There are many reasons why you should make a will:
- It provides certainty and peace of mind both for you and for those you leave behind.
- Your money and your property is much more likely to go to those you want it to.
- It limits the possibility of disputes and arguments between dependants as to who should get what
- Without a will, if a dispute arises your estate is likely to get swallowed up in expensive litigation.
- It shows your family and friends that you care about them and have thought about their future.
- If you have no family or dependants and don't make a will your whole estate could go to the tax man!!
What is Probate?
Probate is the word used for the official proving of a will and the right to deal with the affairs of the person who has died or to administer the estate.
Administering the estate of a person who has died can be complex and confusing.
We can help you every step of the way:
- Applying for a grant of probate or letters of administration
- Dealing with tax issues
- Dealing with issuesin the will or to do with intestacy
- Guiding you in the collection and distribution of assets
- Helping you to administer the estate
Who can administer an estate?
Firstly, is there a Will?
If the answer is "yes" then the will should identify executors to deal with the deceased affairs
The executor has a duty to apply for the grant of probate.
The grant of probate gives the executors legal authority to deal with the estate and enables them to gain access to funds, deal with finances and share out the assets as stated in the Will.
If a person dies without making a valid Will they are referred to as being intestate. If this is the case the law sets out who should administer the assets and who should benefit from them. A close relative of the deceased can apply for a grant of letters administration which gives them the legal right to deal with any assets as an administrator in a similar way to an executor.
Why use us?
As a general rule if a husband, wife or civil partner survives the person who has died they will be entitled to at least part of the deceased'd estate but they may also be part due to any children or other relatives.
Our team of estates experts will be on hand to help you to decide who would be entitled to what if there is no will as the rules can be difficult to apply in somes cases. We will also assist you to draft a tax efficient wil.
Call us today on 0113 200 7480 or 0113 228 4000, alternatively, use the online form and we'll ring you back.