The following is a brief outline of the probate procedure in Bristol:
In Order to deal with an estate Solicitors must find out all the assets of the deceased, together with a note of all debts due and owing by the deceased at the date of their death. This information is compiled in a schedule of assets which is certified by the revenue commissioners.
Once the revenue commissioners accept the schedule of assets, the next task is to apply to the high court office for the issue of the grant of probate, which formally appoints the executor to deal with the Estate.
Next step is to get in all the assets of the deceased into the name of the executor. These assets are subsequently distributed in accordance with the terms of the deceased's will. Then all debts, including income tax and inheritance tax clearances must be paid and the estate must be wound up so that the executor is fully discharged from their obligations.
If it is found the deceased made no will, then an application for a grant of letters of administration is required to enable the administrator (who would be the deceased's nearest next of kin) to deal with the assets of the deceased, and a similar process to that outlined above is undertaken.
To speak to a probate specialist, call 0330 660 0286 today, or request a callback for a more convenient time.
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