The thought of finding a legal expert to deal with probate on behalf of their family scares lots of people. The thought of the numerous solicitor fees, in addition to the high taxes when you have just lost a loved one could be worrying.
Nonetheless, you will not have to hire a solicitor to manage the estate of the deceased individual at all. In the event that all their affairs are not very complicated, you might even be able to handle it yourself. And even if their finances are a bit complicated, you will not have to put yourself in a place where you will face many legal fees. Fixed price probate is based on a sum which is pre-agreed; therefore, you know what the prices are in advance.
The probate process involves applying to the courts and tribunal service for them to grant permission to handle the estate of the deceased and access their finances. You might not be required to apply for a probate in case your loved one left all their assets in a bank account, and they do not exceed $3000. 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. A lot of the financial institutions will typically be pleased to change the assets into your name when you provide with proof of the deceased person.
Most people do not love dealing with probate and there is no shame with this. Dealing with financial matters and taxes might be quite challenging at the best of times. 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. But, many people never know when they are going to die till they are very sick to handle things by themselves.
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. They will also deal with stock-brokerage firms, banks and the sale of the properties in the estate.