Probate is a word used to describe the legal and financial processes when dealing with property, money, and possessions of a person who has passed away in England and Wales. It is a process of proving the will is valid and confirming who has the authority to administer the estate on behalf of the deceased.

Before the executor or next of kin in the will can claim, transfer, distribute, or sell any of the assets, there is a chance that they will need to apply for a grant of probate. This legal document is sometimes required to access banking accounts, settle debts and sell any assets after a person has passed. It is only called a probate if the person had a will. If there is no will, then a grant of letters of administration is used.

Once the probate is granted, the executor or next of kin starts dealing with the deceased person's assets. The will sets out how these assets are distributed. If there is no will, then the law decides who receives everything. There is an application fee payable to apply for the probate.

Probate Lawyers UK is useful when it comes to the probate process, which is complicated and involves legal, tax, and financial work, broken into a variety of confusing processes. The first process is to identify the assets and liabilities, determining the value of the estate. The second phase is paying inheritance tax to HM Revenue and Customs where necessary and submitting the Inheritance tax return. It also involves applying to the Probate Registry to be granted representation, which confirms who has the legal right to administer the estate.

Sanjay Panesar, the Senior Partner at Rainer Hughes, a leading probate lawyer in the UK, said “The third probate phase is the grant of representation, liquidating the assets, settling any liabilities and paying the final estate administration expenses, accounting to HMRC for inheritance tax, income tax or capital gains tax. This is a very complex and confusing process for most, which is why the demand for our probate lawyer services is constantly rising throughout the United Kingdom.”

About Us: Rainer Hughes offers professional legal services to business and private clients in the United Kingdom. They have experience working with claimants and defendants, achieving landmark judgments. They are proactive with a high success range, they are also accredited, enabling clients to work with this firm with confidence. Rainer Hughes achieves legal excellence with very high standards and a highly competent and multi-faceted team. Some of the expertise they provide includes business start-ups, private equity, medical negligence, conveyancing, criminal litigation, and more. Full details can be found at https://rainerhughes.com.