A brief guide to the process of probate
After the death of a loved one, there is much paperwork to be administered. With many clients, this involves two detailed meetings. The first involves working out the assets of the deceased and communicating with the various financial institutions to close / transfer funds, including bank, savings accounts and pensions.
A few weeks later, when the information is available, the second meeting involves the preparation of the Probate application form and the Inheritance Tax Return, which will need to be completed even if no Inheritance Tax is payable. The Probate form is issued a few weeks later which allows for the sale of assets and the distribution of the estate.
Some clients will seek assistance to complete the whole process which can be carried out either in my office in Cardiff or in home of the client. Huw is willing to travel to visit clients at their home, near or far.
Other clients wish to administer the first part of the process themselves, obtaining valuations of all assets and requiring professional advice for the completion of the Probate application form and the Inheritance Tax form.
The level of fees is based solely on an hourly rate and Huw will work alongside the client as required. Where the client does much of the preliminary work in obtaining valuations, the fee will be lower as there is less time involved.
Unlike many competitors, there is no added mark up and there will be no extra percentage charge based on the value of an estate. (Some competitors have been known to charge 1-4% of the value of the estate as a flat fee, regardless of the amount of work involved).
Huw Roberts is authorised by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales.