The idea of getting a legal professional to handle the probate on their family’s behalf freaks out many people. The prospect of many solicitor fess, on top of the high taxes when you have just lost a relative might be worrying.
However, you don’t have to find a solicitor to deal with the estate of the deceased person at all. In the event that all their affairs are not very complicated, you might even be able to handle it yourself. And even though their finances are a bit hard, you don’t have to put yourself in a place where you will find several legal fees. Fixed price probate is based on a sum which is pre-agreed; therefore, you know what the prices are in advance.
In the probate process, there is the application to the courts and tribunal service for permission to manage the estate of the deceased and access to their money. If your family member has left all their assets in a bank account, and they are not worth more than $3000, you might not have to apply for a probate. Most banks will grant you access to the deceased’s account in case the cost is between $5000 and $8000.
Even though the cost is over $8000, you will not have to apply for the probate in case you had shared assets in joint names with your family member. A lot of the financial institutions will typically be pleased to change the assets into your name when you provide with proof of the deceased person.
Lots of folks do no love the probate process and this is very understandable. Even at the best of times, managing financial matters and taxes might be hard. But, when you are still mourning the death of your loved one, it is even more difficult. No one wants to leave their family members with financial issues to deal with when they pass away. However, most of us do not know when we are going to die until we are too sick to tie up things by ourselves.
A fixed cost probate solicitor will manage all the affairs of your family members from the application stage to the distribution of the property to its beneficiaries. Also, they provide these services at a pre-arranged amount and hence, you know the exact money you should pay. You will not get any more or unexpected bills at the end of the process.
A fixed price probate solicitor will deal with all the pertinent maters of your estate on your behalf in addition to the process of applying for the probate and distributing the assets. More to this, they will communicate with the financial institutions, stock-brokerage firms and handle the sale of the properties in the estate.