A lot of individuals freak out at the prospect of finding a legal professional to manage the probate on behalf of their family. One might worry when they think of the many solicitor fees and high taxes just after losing a loved one.
Nonetheless, you will not have to hire a solicitor to manage the estate of the deceased individual at all. In case all their affairs are not that hard, you could even manage them on your own. And even if their finances are not that simple, you don’t have to put yourself in a position where you will face numerous legal fees. Fixed price probate is based on a sum which is pre-agreed; therefore, you know what the prices are in advance.
Dealing with probate includes applying to the courts and tribunal service for permission to control the estate of the deceased and have access to their finances. If your family member has left all their assets in a bank account, and they are not worth more than $3000, you might not have to apply for a probate. Many banks will provide you with access to the account of the deceased if the amount ranges between $5000 and $8000.
Even if the amount is more than $8000, you will not have to apply for probate if you shared assets with your family member in joint names. Most financial institutions will normally be happy to change the assets into your name once you provide proof of the deceased person.
Most people do not love dealing with probate and there is no shame with this. Even at the best of times, managing financial matters and taxes might be hard. But, when you are still mourning the death of your loved one, it is even more difficult. No one wants to leave their family members with financial issues to deal with when they pass away. Nonetheless, lots of folks never know the time they will pass away till they are very sick and by then, they cannot deal with things on their own
A fixed cost probate solicitor will manage all the affairs of your family members from the application stage to the distribution of the property to its beneficiaries. Also, they provide these services at a pre-arranged amount and hence, you know the exact money you should pay. In the end, you will not get additional unexpected bills.
A fixed price probate solicitor will manage all the important aspects of your property for you besides applying for probate and distributing the assets. Additionally, they will handle the banks, stock-brokerage companies and the sale of the properties in the estate.