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What is Probate?
Probate is the process to deal with the estate of a deceased person. Generally there are two types of probate, there is probate where the deceased made a will, this type of probate application would be for a Grant of Probate. Where the deceased did not make a will the probate becomes known as an application for Letters of Administration.
For further information visit us at http://www.iwc-ltd.co.uk/probate.html or call 020 8150 2010
What is Probate?
Probate is the process to deal with the estate of a deceased person. Generally there are two types of probate, there is probate where the deceased made a will, this type of probate application would be for a Grant of Probate. Where the deceased did not make a will the probate becomes known as an application for Letters of Administration.
For further information visit us at http://www.iwc-ltd.co.uk/probate.html or call 020 8150 2010
What is Probate?
Probate is the process to deal with the estate of a deceased person. Generally there are two types of probate, there is probate where the deceased made a will, this type of probate application would be for a Grant of Probate. Where the deceased did not make a will the probate becomes known as an application for Letters of Administration.
For further information visit us at http://www.iwc-ltd.co.uk/probate.html or call 020 8150 2010
Specialising in Probate, Wills, LPAs & Estate Planning
You take care of your fa mily all your life,
dont leave the m i n a mess when you re not there Losing a loved one can be hard enough to cope with emotionally without having to deal with probate as well. 1. REGISTER THE DEATH Obtain copies of the Death Certifcate, institutions that will require a certifcate include Banks, Insurance Companies, and other organisations that hold any assets or funds that may need to be released, for example shares and other equities. 2. OBTAIN THE WILL An executor should know of the whereabouts of the Original Will and should retrieve it in order to begin to carry out the deceaseds wishes. 3. ARRANGE THE FUNERAL Ensuring funeral wishes are carried out. An executor should make enquiries as to the existence of any pre-paid funeral plan, and should one be in force make the appropriate arrangements. 4. ARRANGE TO OPEN A PERSONAL REPRESENTATIVES BANK ACCOUNT This is for use with any money due to the estate or any loan arranged to pay inheritance tax and/ or probate fees. 5. INFORM ALL RELEVANT PERSONS Banks, Building Societies, Insurance Companies, Employers, Local Authorities, Benefts Agency, Tax Authorities etc. 6. ARRANGE A VALUATION OF THE ESTATE This could include the house, all of its contents, investments, stocks and shares, life policies and all other personal goods. A detailed schedule of all the deceaseds assets should be drawn up. 7. DRAW UP A SCHEDULE OF DEBTS That must be paid by the estate. This could include; Mortgages, Loans, Credit Cards, Household Bills, Taxes, and Overdrafts. Probate 8. COMPLETE THE REQUIRED PAPERWORK Forms required by the Inland Revenue to determine whether any inheritance tax is due, and the probate forms which need to be taken or sent to the probate offce together with the original will and death certifcate. 9. SWEAR THE PAPERS Provided the case is straightforward an appointment will be made with the Probate Offce within 5 6 weeks of submitting the documents. 10. DEAL WITH INHERITANCE TAX If Inheritance Tax is due, the executors account of the estate is passed to the Capital Taxes Offce, probate cannot be issued until the tax is paid. 11. DISTRIBUTE THE COPIES OF THE GRANT OF PROBATE The executors now have legal authority over the estate and should distribute copies of the grant to persons who owe the estate money. 12. DISTRIBUTE THE ESTATE When the Grant of Probate is received the estate can be divided according to the instructions left in the deceaseds Will. The executor should keep accounts showing exactly what they have done and these should prove that the executor has acted in accordance with the wishes expressed in the Will. 13. STORE THE RECORDS All paperwork, including the grant of probate should be stored securely for the minimum specifed period. Its easy to see why many people prefer to use the service of a professional at this difficult ti me. For further informaton contact IWC Estate Planning & Management Ltd Tel/Fax: 0845 600 3527 Tel/Fax: 020 8150 2010 email: enquiries@iwc-ltd.co.uk Dont put off till tomorrow what could be done today! www.iwc-ltd.co.uk IWC Probate Services (Head & Surrey Ofce) Suite 43-45 Airport House, Purley Way , Croydon , Surrey CR0 0XZ Tel: 020 8150 2010 IWC Probate Services (Essex Ofce) Lytleton House 64, Broomfeld Road , Chelmsford, Essex CM1 1SW Tel: 01245 201100 IWC Probate Services (Bristol Ofce) Kings House14, Orchard Street, Bristol BS1 5EH Tel: 0117 3700 499 IWC Probate Services (Notngham ofce) Coppice Side Business Centre, North Street, Notngham NG16 4DF Tel: 0115 822 0901 IWC Probate Services (Coventry Ofce) 195 St Georges Road, Coventry CV1 2DG Tel: 024 7650 4354 IWC Probate Services (Leeds Ofce) 32 Sovereign, Street Leeds LS1 4BJ Tel: 0113 322 0818 IWC Probate Services (Derby Ofce) Denby House Business Centre, Taylor Lane, Derby DE75 7TA Tel: 01773 300500 IWC Probate Services (Newcastle & Tyne Side Ofce) Central Lofs, 5, Waterloo Square, Newcastle NE1 4DR Tel: 0191 300 2110 IWC Probate Services (Hemel Hempstead Ofce) Atlantc Business Centre, Hamilton House 111 Marlowes, Hemel Hempstead HP1 1BB Tel: 01442 50016 IWC Offce Addresses & regional telephone numbers IWC