How do beneficiaries receive assets ?

Basically, probate transfers the assets you own at the date of your death to your beneficiaries according to your will.

If you don’t have a will, then the probate court will distribute your assets based on statute.

The normal procedure is for the executor named in the will or the administrator appointed by the court when there is no will to be responsible for the distribution of the assets and for outstanding debts to be paid.

The executor is usually responsible for opening the probate case, providing an inventory of estate assets, collecting the descendent’s property, and paying any debts and any inheritance tax due.

Probate can take months or even years. The cost of probate can include solicitors fees but you don’t have to use a probate lawyer you can do it all yourself. 200,000 people deal with probate themselves every year.

Our experience in probate matters, built up over a number years, relieves you from the burden of administering an estate at that difficult time. Fridaysmove are able to handle all aspects of the probate from dealing with the courts and tax offices through to finalisation and distribution.

In addition to dealing with the administrative aspects we can advise on post-death arrangements, such as Deeds of Variation of estates where the deceased's affairs were not in order prior to their death.