Wills & Probate and private client
Nobody really wants to think about death but facing the reality that it is inevitable and having a Will in place is possibly one of the most important things you can do for yourself and your family. It is the best way of legally protecting your spouse, children, and assets.
A Will is a legal document that allows you to choose how and to whom your property is distributed when you pass away. A Will also allows you to name a guardian to care for your minor children, if you become unable to do so. If you’ve thought about creating a Will, then you’ve probably wondered about the types of instructions that you can include, about how a Will becomes valid, and about the forms of property that can be distributed.
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It can be overwhelming to deal with, but we at EP Legal are here to assist you through every stage, from answering all your questions and queries to preparing and having your Will executed. We can help draft your Will and put in place your wishes so that it is a legal documentation that will be carried out after you have passed on.
When a loved one dies and leaves property, money and possessions, this is known as their estate, it requires a responsible person to sort out who gets what. In order to do this, you require what is known as a ‘grant of representation’. This document proves your authority to administer the estate. The document required will depend on whether a Will has been left:
If there is a Will – the Executor will need to apply for a Grant of Probate.
If there is no Will – a next of kin will need to apply for a Grant of Letters of Administration.
Probate is the process of applying for the Grant and the document to manage the estate. This is the same for everyone in England, Wales and Northern Ireland, but if you live in Scotland it’s called ‘confirmation’.
Applying for Probate can be a stressful and daunting process, especially whilst you are still grieving for the loss of a loved one. We at EP Legal can take that added stress away by assisting you through the process of applying for a Grant of Probate, by gathering any assets, eg, money left in bank accounts, shares and investments. We will deal with paying any bills, debts, creditors and funeral costs. Dealing with any Inheritance Tax and distributing the remainder of the estate and legacies to beneficiaries according to the terms in the Will.
For Wills and Probate, please contact our team member, Ayesha Saddiq who will be happy to take your call for further information and guidance: https://eplegal.uk/en/our-people/ayesha-saddiq/