Fixed Fee Probate in St Neots, Biggleswade, Huntingdon

A Grant of Administration from the Probate office is needed to settle someone’s estate. Many people appoint friends and family members to act as executors without realising that the work involved can be onerous and cause undue worry.

The process for settling someone’s affairs will depend on whether you choose to do it yourself, or appoint a professional to act on your behalf. Many appointed friends and family members end up seeking legal advice often paying FAR TOO MUCH for this advice, leaving family and beneficiaries with less than you hoped. As such, appointing a probate professional can be a good idea and, if you are dealing with a complex estate, could be essential.

If you choose to administer the will yourself, you’ll need to submit the relevant applications. You’ll then need to gather in all the deceased person’s assets and distribute them to the beneficiaries. This will involve notifying banks, building societies, and all relevant government departments of the person’s death, settling up any accounts they hold, tallying up their assets and liabilities, paying off any inheritance tax that might be owed, and then distributing their assets. Should you pay out the beneficiaries and ‘miss’ inheritance tax that is due, HMRC will come after you for their money (see the Harris vs HMRC example as below).

By appointing professionals (such as ourselves) you can hand over many of these tasks to experienced experts, thus removing the worries and problems that your friends & family might well have to deal with.

What Does Probate Involve?

The Probate Process Explained

The Probate process often involves a lot of complicated legal, tax and financial work which can be broken down into different areas of work.

Identifying The Assets

The value of the Estate needs to be determined by identifying all the deceased’s assets (property, investments and possessions) which sometimes involves identifying assets that the family were unaware of, and also determining all their liabilities such as debts ranging from loans to utility bills.

Verifying Estate Entitlement

Entitlement to the Estate needs to ve verified under the terms of the deceased’s Will, or in accordance with Intestacy laws if they died without a Will, and obtaining the necessary identification documents for those beneficiaries.

Taxes & Grant of Representation

All taxes need to be paid including Inheritance Tax to HM Revenue & Customs (HMRC) where applicable, and/or submitting the correct Inheritance Tax return (required whether or not there is tax due), and applying to the Probate Registry for the Grant of Representation, being a document that gives the legal authority to administer the deceased persons Estate.

Sell Assets & Settle Liabilities

After the Grant of Representation has been issued by the Probate Registry, the adminsitrator needs to liquidate (sell) the deceased’s assets, settle their liabilities, and pay the final Estate administration expenses and accounting to HMRC for any further Inheritance Tax, any Income Tax or Capital Gains Tax due to or from the Estate.

Prepare Accounts

Accounts need to be prepared documenting all payments into and out of the Estate, showing the balance left for distribution to the beneficiaries.

Distribution of Assets & Funds

Providing there are no challenges to the Estate or other complicating factors preventing distribution at this stage, the final phase will involve transferring any assets that the beneficiaries wish to retain and distributing the balance of the Estate funds to beneficiaries.

WE OFFER

Highly Competitive Fixed Fee Probate
(for Full Estate Administration)

With No upfront Costs to the Executors

The Dangers of DIY Probate

The true case of Harris v HMRC illustrates the dangers of going it alone.


Mr Harris was appointed as a personal representative of a large estate. He decided not to instruct solicitors and instead deal with the estate himself. The estate assets were substantial, and Inheritance Tax was due to the Revenue.

Mr Harris completed all the necessary paperwork, obtained the Grant and arranged for the sale of the deceased’s home. The deceased’s brother was the beneficiary of the estate and due to receive the proceeds. Mr Harris paid over all the money to the brother, on the understanding that the brother would settle up with the Revenue himself. The brother then left the country without paying anything and has not been heard from since.

The Revenue pointed out to Mr Harris that, as executor, he was personally liable to pay the tax bill and the Court agreed. Although he himself had not received any money from the estate, Mr Harris was landed with a tax bill of almost £350,000.

Had he chosen to instruct specialist probate solicitors, they would have ensured matters were dealt with properly and he would have avoided this unfortunate outcome.

All in all it is really a complicated process, many people try to do it themselves and then give up and in the end they appoint a professional, all they have done is wasted a lot of time, our fees are very reasonable for the service provided at it means that we take away all the worry from you and your family. With full estate administration, all fees and costs will be collected from the deceased persons estate. Free fixed fee quotations without obligation

Please call Richard for an initial informal telephone consultation to give you an idea of costs and the work involved as every probate case is different, upon your agreement Richard will visit you at your home and arrange to complete all of the paperwork for you, the deceased persons estate will be settled, all tax forms will be completed, monies and assets identified and the beneficiaries paid out.

Get in touch – we offer FREE probate consultations

Consultations can be arranged at your convenience in your home within the St Neots, Biggleswade, Huntingdon area. Further afield in the UK we can arrange an initial consultation for you by telephone.