Do I need a Grant of Probate?
When someone dies and they leave an estate of over £5,000.00 the strict rule is that the Executor has to apply for a Grant of Probate or if there is no Will the nearest relatives take out a Grant of Letters of Administration. There are some instances when banks will use their discretion to enable you to access funds from an account which exceed this figure but in instances where there are for example ISA’s, shares or a property involved you will always need to obtain a Grant of Probate or Letters of Administration.
Here at Keebles LLP we understand that bereavement can be one of the most difficult and stressful times in a person’s life and our experienced and compassionate staff are here to help with any aspect of dealing with an estate. Here at Keebles LLP we administer estates valued from £10,000.00 up to 30 million pounds and in the latter case the fees can be significant. However, we take a cost effective approach and always give you a quote up front as to the likely cost. If you are happy to do the running around yourself then you can instruct us to only obtain the Grant of Probate for you and our charges will be routinely between £500.00 and £1,500.00 depending on the size of estate and whether a full Inland Revenue account is required.
When dealing with probate cases we can do as little or as much as you want us to. Having a fully qualified accountant in the team enables us to wind up the income tax affairs of the deceased and also the administration period tax quickly and cost effectively. We can also draft Deeds of Variation should you wish to alter the bequests in the estate and to pay all liabilities and estate expenses should you like us to.
We are happy to distribute the estate and prepare tax certificates for the beneficiaries. Even if beneficiaries are in other countries this will not prevent us in carrying out the administration for you. In many instances we also assist with the administration of foreign assets.
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