What is Probate? Probate is the process of “proving” a Will or alternatively, establishing the validity of a Will. Where there is no valid Will, the process is called Letters of Administration. Personal representatives (executors or administrators if there is no will) must apply for probate or letters of administration. Probate or Letters of […]
Probate vs. Estate Administration – The Basics MWQ Estate Planning After a loved one dies, it can be difficult to understand what steps need taken and how best go about taking them. The following blog post will answer some common questions associated with handling an individual’s estate after they've passed on including: 1. What is
Probate vs. Estate Administration – The Basics Read More »
Probate must be obtained when a person dies, whether or not the deceased left a will. If a will exists, the executors will apply for a Grant of Probate. If there is no will, a close relative or family member should apply for Letters of Administration as part of the probate process, which gives them
How Do I Track A Probate Application In The UK? Read More »
When someone dies in the UK or many other countries, their estate may be taxed. In most cases, the tax due is Inheritance Tax (IHT), which the deceased’s family pays on their ‘inheritance.’ However, if the deceased’s estate is substantial and includes overseas investments or properties, a family business, or anything else that ‘earns’ an
How Much Tax Do You Pay On Probate In The UK? Read More »
When a joint tenant dies, his or her share of the property is automatically transferred to the surviving tenant. In these cases, known as Right of Survivorship, there is no need to apply for a Grant of Probate. However, if one owns a share of a property as a tenant in common, their share does
Procedures For Grant Of Probate For Tenants In Common Read More »
Dealing with a loved one’s estate after they pass away can be difficult. It’s not too complicated to do this, but you’ll probably need a grant of probate before you can take care of their money and property. The process of selling an inherited property can be fraught with difficulties. If you want to sell
Do I Need Probate To Sell A House? Read More »
A person’s debt does not pass away with them when they pass away. Executors have a responsibility to properly manage and distribute the deceased’s Estate. Any debts incurred by the Estate are the Executor’s duty to settle. The Executors should start paying off all outstanding obligations after gathering the deceased’s assets. This could be anything
Is the administrator of an estate responsible for debt? Read More »
There’s a specific protocol to follow while handling a deceased person’s estate. It is the responsibility of the Estate’s Executors to settle any outstanding debts before any assets are dispersed. Utility bills, taxes, and burial expenses are all examples of such expenses. Pecuniary legacies, or bequests of a fixed monetary sum, are next in line
Probate – Who Gets Paid First? Read More »
The administration of a deceased person’s Estate is a task that many of us will have to face inevitably. Here at MWQ Estate Planning, we are frequently asked, “what should I do now?” as grieving loved ones attempt to move forward with their lives. Because everyone’s Estate and life situation is unique, there is no
Where To Begin When A Loved One Passes Away Read More »
Probate FAQ’s Here are some Frequently Asked Questions, surrounding “Probate”. If there is a question about probate that, ask us and we will get back to you with an answer. Please use the contact form below. CONTACT FORM
