- The Budget 2018- The Chancellor announce on 29 October 2018 that first-time buyers in shared ownership homes will pay zero stamp duty on the first £300,000 of any home that costs up to £500,000 with immediate effect.
- Macmillan Coffee Morning 2018- At Parrott and Coales, we are proud to show our support for Macmillan and the incredible work they do providing practical, medical and financial support and pushing for better cancer care.
Probate is the legal term used to describe the process of administering an estate.
If the Deceased had a valid Will, the administration will be carried out by their appointed executors named in the Will. If there is no valid Will, then administrators will be appointed in line with the Statutory Intestacy Rules.
The administration falls into four stages;
- Ascertain and secure all assets belonging to the Deceased;
- Obtain a Grant of Representation;
- Realise the Assets and pay all liabilities;
- Account to the Executors and distribute the Estate to the Beneficiaries.
Administration of an estate involves practical and technical issues, especially where payment of Inheritance Tax is required. Our advice will ensure that administration proceeds efficiently so that distributions to beneficiaries can be made as quickly as possible.
We will explain the procedure and any legal jargon to you, give you clear estimates of how long each stage is likely to take and try to make the process as stress free for you as possible.
There may be times when you might want to challenge the content of a will, or executors’ decisions. Click here to go to our Contentious Probate page.
For more information about our costs and time scales please click here.