InHouse Wills arranges expert help for clients dealing with probate in Leicester
and all surrounding areas.
Let us visit you at home to advise on probate, whether you live in Narborough, Kirby
Muxloe, LE3, LE9, LE19 or indeed anywhere in and around the Leicester area.
Grant of Probate
We have for our probate service in Blaby, Broughton Astley, Earl Shilton, Glenfield,
Huncote, LE9, LE19 - indeed around all parts of Leicester
Probate & Estate Administration
Probate officially confirms the situation regarding the Will (or lack of a Will).
It is just a part of the overall Estate Administration process. There are major responsibilities
involved, but help is available. We can also advise on ways to reduce future probate
Probate & Estate Administration
Whenever anyone passes away someone has to sort out their financial affairs. The
overall process is known as Estate Administration. For those with few assets the
process may be very simple, whilst for others it can take many years with major tax,
legal and financial responsibilities to be discharged. In all cases the Will must
be put into effect by the executors, or where there is no Will then the rules of
Intestacy must be applied.
As part of the process whoever is administering the estate often has to obtain a
Grant from the Probate Court. This grant formally confirms the situation regarding
the Will (or lack of a Will) and gives authority to the administrator to deal with
the estate. Normally the need for a grant of probate does not depend upon whether
or not there is a Will; it depends upon the size and nature of the assets in the
estate. For example, if a house or a major savings account is to be transferred then
probate will be required.
There are many different ways to handle the estate administration. If everything
is fairly simple then family or friends might deal with things themselves. However
you need to be aware that you will be responsible for your actions for up to 12 years.
For that reason at the very least you should take some advice about what needs to
be done and InHouse can help you with that.
On the other hand you can appoint professionals to deal with things for you, but
be careful about which service you choose. Lots of firms will talk about ‘doing probate’,
but that might mean they just fill in a couple of forms leaving you to sign and you
to carry the responsibility. Here at InHouse for the more complex estates we recommend
our specialist partners provide a full estate administration service; they fill in
all the tax and legal forms, shoulder the formal responsibility and complete the
full estate administration process.
Just as the nature of an estate varies greatly from person to person, so the costs
associated with probate and full estate administration vary too. Recently the government
proposed significantly increasing the costs of obtaining probate, but these plans
were put on hold for the time being (April 2017), but could come back again soon.
Nevertheless there are ways to reduce or even avoid probate costs, provided you plan
Beyond these official fees there can be the additional cost of using a solicitor
or other professional to handle the administration for you. Traditionally solicitors
have charged on an hourly basis. Families accepting this approach were effectively
writing a blank cheque, not being certain about the final bill. Other families let
their bank deal with things for them, which often involved a large fee based simply
on a percentage of the size of the estate. However in more recent times go-ahead
firms have taken a better approach, quoting a fixed-price fee based upon the exact
details of the case. The fixed fee means that the family can know what they are committing
to before accepting the offer. InHouse can arrange a quotation for you if required.
Given the costs of probate families have always been interested in alternative approaches.
However estate administration involves dealing with the entire inheritance and all
its associated liabilities, so care has to be taken not to cut corners. Nevertheless
increasingly there are ways in which you may be able to reduce overall costs safely,
through clever use of your Will and / or exploiting trusts created during your lifetime.
Using Wills and trusts appropriately can also bring many other major benefits, protecting
the inheritance as it passes down the family. There can be many options, so it will
be important to let InHouse look at your situation in detail to see what approaches
might be suitable for you.
You may have been offered a service to pay for Probate in advance - a so-called “Pre-bate”
service. In other cases you may be ‘guaranteed’ that the fee will be no more than
a fixed percentage.
Our advice is clear - be VERY CAREFUL before paying in advance for Probate or for
so-called discounted fees. There are many reasons to avoid this, including
your estate might not need probate at all; or
the process may be relatively cheap and simple for your family to handle themselves;
the guarantees do nothing to reduce the official probate application fee; and