By Chris Ringham 29 Jan, 2020 0 Comments

We Provide Will & Probate Services In March & Wisbech

We provide will and probate services in March and Wisbech

If you require Probate services in the March or Wisbech areas, Bowsers Solicitors is on-hand to help you understand the process, including timescale information and what to expect.

Download the FREE Bowsers Guide To Probate today!
Probate: What Is It?

Probate is a legal and financial process involving the property, money and possessions of a person who has passed away. Before the deceased’s next of kin (or Executor of the will) is legally able to distribute, claim, transfer or sell any assets, they might have to apply to go through the Probate process. This can involve complex legal work which takes place over the five following phases:


1) Asset Identification

During this phase, your March or Wisbech-based lawyer will highlight assets (possessions, property, investments) and liabilities (unpaid bills, loans, other debts) of the deceased. Liabilities are deducted from assets to determine the value of the deceased’s estate.


2) Inheritance Tax Payment

Probate sometimes requires payment of inheritance tax to HMRC. Your lawyer will be able to submit an Inheritance Tax form on your behalf (regardless of whether any tax is due or not). At this stage, your lawyer will also help you apply for a Grant of Representation from the Probate Registry. This document confirms the authority of the executor to administer the deceased’s estate.


3) Administration/Settling Further Liabilities

After the issuance of a Grant of Representation, the deceased’s assets are liquidated to pay income tax/capital gains, settle liabilities and cover admin expenses.


4) Preparing Account Documents Of The Estate

Accounts which document the payments (both in and out) of the Estate will be prepared. These will show the remaining balance to be distributed among the beneficiaries of the Estate. These documents should be forwarded to each Personal Representative and approved by all parties.


5) Asset Transferral

If no challenges to the Estate have been issued, and there are no other mitigating factors which could prevent distribution, the final phase of Probate begins. This involves the transference and distribution of funds/assets to each beneficiary.

If you require will and Probate services in the March and Wisbech areas, why not get in touch with Bowsers today? We understand that Probate can be a stressful process, particularly if you’re struggling with bereavement. This is why we implement care, compassion and attention to detail in everything we do.

Probate errors can be costly and could even delay the division of funds and assets to the right beneficiaries – so why not allow our March and Wisbech-based experts to take care of all your disputes, legal paperwork and other issues during this difficult time? Call us and we’ll be happy to help.

Image source:

Image source: Pixabay

The Bowsers Guide To Probate

Image source: Pixabay

What Happens Once Probate Is Granted?

By Chris Ringham 25 Mar, 2020 0 Comments

If a person has died without leaving a will, it is usually up to the next of kin to apply for a 'grant of letters of administration', otherwise...

Continue reading

The Key Differences Between Freehold & Leasehold Property (Explanation For First Time Buyers!)

By Chris Ringham 12 Mar, 2020 0 Comments

There is no doubt that purchasing your first home is both exciting and a little daunting. As a first-time buyer, you will not have been through...

Continue reading

5 Common Divorce Myths Dispelled

By Chris Ringham 02 Mar, 2020 0 Comments

There are many myths surrounding divorce but can you believe everything you read? In this helpful article, we debunk five of the most commonly...

Continue reading

How Long Does Probate Take If There Is A Will?

By Chris Ringham 14 Feb, 2020 0 Comments

The term 'probate' refers to the legal process of reviewing a will. This process is aimed at determining the authenticity and validity of a will....

Continue reading

What Are The Steps Of A Property Transaction?

By Chris Ringham 06 Feb, 2020 0 Comments

Stepping onto the property ladder is an exciting time, but the process of purchasing your first home can be confusing.

Continue reading

We Provide Will & Probate Services In March & Wisbech

By Chris Ringham 29 Jan, 2020 0 Comments

If you require Probate services in the March or Wisbech areas, Bowsers Solicitors is on-hand to help you understand the process, including...

Continue reading

Subscribe Here!

the-conveyancing-process-explained-guide

Recent Posts

New call-to-action