Can Executors Charge for their work? Executors are entitled to be reimbursed for any out of pocket expenses they have incurred in connection with the Estate during the Probate process. Even though Executors are usually responsible for a substantial amount of work during the administering of...
Applying for Probate can be a stressful and emotional process especially if you are grieving the loss of someone close having recently passed away. It is especially important that you are not taken advantage of at this time and that you do not make a bad decision when instructing a Probate firm to...
Once you have an idea of what the Estate consists of (by listing all the assets) you will have a better idea of what the eventual Probate costs will come to. This is an overview of the costs involved when applying for Probate.Legal CostsFirstly, you must consider whether to instruct a Probate...
A Trustee is someone who holds property on trust for another – ie, a beneficiary. It is often the case that the Executors named in the Will are also appointed Trustees. It is usual practice to appoint at least two Trustees, when making a Will.Who can benefit from a trust? A trust...
When someone dies leaving a Will they usually name at least one Executor. It is usual practice to appoint at least two, that way, if one passes away the other can act without the need for the Probate Registry to appoint a new one. The Executor is responsible for administering the...
Dealing with the death of a close family member can be a very harrowing experience so it is hard to get into the right frame of mind and deal with the administrative things that need to be addressed when someone passes away. That said, it is very important to act quickly and to start the...
This recently reported case of 'Re Northall (deceased) 2010' relates to the principles behind joint bank accounts where one party provides the funds for the account. Click here to read the full report in the Law Gazette 22 July 2010.The deceased, a frail Mrs Northall, sold her property in December...
In order to deal with the assets of the deceased’s Estate, a Grant of Probate must be obtained. This effectively gives the Executors the authority to deal with the Estate in accordance with the wishes of the deceased. All Executors must apply for Probate jointly Where...
You will need to apply for Probate if you have been appointed to act as an Executor in the Will of someone who has died. The Grant of Probate gives the Executors permission to deal with the deceased’s Estate. Probate is generally required in Estates worth more than £5,000.All...
Obtaining Grant of Probate to deal with a person’s Estate can be a rather daunting prospect, not to mention, emotional, especially where a loved one has passed away. It is therefore both useful and important to have an understanding of the basic procedures involved so the Grant can be...
Dealing with the Estate of someone who has passed away can be a very difficult and emotional task, especially, if the deceased was a close family member. If you have been appointed an Executor of an Estate it is very important to fully understand what is involved in order to ensure Probate...
When someone is left with the job of applying for Probate, it can present itself as a rather daunting task, especially if they are not familiar with what happens during the Probate process.If you are appointed as one of the Executors of a Will then it is usual practice for you and the...
If you have been appointed Executor of an Estate it is important to understand what your duties are and how the Probate process works. The Probate process involves a number of steps and the key thing is to be as organised as possible. Do you want to be Executor?If you do not want to act...
Is there a skeleton hiding in your new home's closet? Your Solicitor will carry out searches to protect you from any nasty surprises once you move home. This article explains the purpose of searches.
One of the areas of Conveyancing transactions that causes a lot of confusion is the 'Deposit'. On the exchange of contracts, a deposit of 10% must be paid by the purchaser to the seller.
The purpose of Requisitions on Title is for the Buyer’s Conveyancing Solicitor or conveyancer to raise any queries relating to the title supplied by the Seller, which they have found to be unsatisfactory. On a practical level, requisitions on title are also used to deal with the...
There are a number of issues to consider where a sub sale is involved during the purchase conveyancing process.Always instruct a Conveyancing Solicitor with relevant experience in this area.Who are the Parties?Firstly, it is important to understand who the parties are:The Buyer – is the...
Mortgage fraud is on the increase and fraudsters are becoming increasingly creative about the ways in which they commit mortgage fraud. Conveyancing Solicitors must therefore be extra vigilant where they suspect mortgage fraud taking place and take all necessary steps and...
There a number of InheritanceTax exemptions and this article will outline exactly what is exempt in order to assist you with some basic tax planning.If your estate is worth more than £325,000 which is the present IHT threshold, there are a number of tax exemptions that you should...
What should the new lease contain?When acting on the grant of a new lease during a conveyancing transaction special care must be taken to ensure the wording of the various clauses is clear and acceptable and that all the correct clauses are included. It is important to instruct a conveyancer or...
If you are buying a tenanted property there are a number of things that you must bear in mind. The process and considerations are slightly different to a regular Conveyancing transaction but provided your Conveyancing Solicitor knows what they are doing, it should not be too...
The time to take out buildings insurance on a property during the purchase conveyancing process will depend on a few factors, e.g. whether the property is freehold or leasehold.It will also depend on the terms of the contract as to who is responsible for the property from exchange of...
Land Registry receive a number of applications to register new ownership involving cases where the title of the landlord to grant the lease that is being registered has not actually been produced to Land Registry.In these circumstances, as the Land Registry do not have any evidence to show that the...