PROBATE IN WALES
What to do when someone has passed and you are facing probate.
Firstly, don’t be alarmed by these legal sounding words, it may seem very confusing and difficult to understand all the jargon.
What is Probate?
Quite simply probate is the process of dealing with someone’s money, possessions and final wishes after they die. Not just anybody can do this, you will need to get the legal right to deal with their estate.
Did the deceased have a Will? Who was named as the executor? It is important that the answers to these two questions are known.
Once this has been ascertained the next step is obtaining the Grant of Representation.
To execute a Will, you will usually need to obtain the Grant of Probate or Letters of Administration. The Grant of Representation refers to the grant that you must obtain to carry out probate. The kind of grant that you need will depend on your circumstances as follows:
Are you are named an executor in the Will? – Grant of Probate.
Are you the administrator with no Will? – Letters of Administration.
Are you the administrator of a Will? – Letters of Administration (with Will).
The Grant of Representation will make it possible for you to access all of the deceased’s assets, such as their bank and building society accounts.
To obtain the Grant of Probate or Letters of Administration you will need to contact your local Probate Registry. Usually, this will take 3-5 weeks, but if there are other complications, for example, if there is inheritance tax to pay, or you make a mistake in filling out a form, obtaining the Grant could take a lot longer. HMRC will have to be contacted to pay any inheritance tax due on the estate.
On average, probate takes between six to nine months to complete and can take up to eighty working hours.
If you feel this is too much for you to deal with, our experienced legal team have a dedicated Probate Department who can deal professionally with these matters on your behalf, at a substantially lower cost than the usual high street solicitor.
For any further information contact The Will Associates today by calling us on 0800 088 2902 to arrange a free, no obligation consultation at a time convenient to you and your loved ones, in the comfort of your own home.