Probate is a legal process that may be necessary when someone dies and leaves assets behind. It involves obtaining a Grant of Probate to give the Executor the legal right to proceed with estate administration. This includes identifying and valuing the deceased’s assets, paying any debts and expenses , distributing those assets to their beneficiaries, and much more.

The Executor of an estate has the authority to sell the property of the deceased, as long as it is specified in the Will or authorised by the court. However, the Executor needs to be sure there are no surviving joint owners or clauses in the Will that prevent selling the property.

When a loved one passes away, the initial steps can be overwhelming. There are a number of tasks that need to be completed and it is often difficult to work out what should be done first. This can make an already tough time even more stressful. This blog aims to summarise the first steps to be taken following a bereavement.

When someone passes away, their loved ones and those dealing with their estate are left with a variety of tasks that must be completed before inheritance can be distributed. If the beneficiaries of the deceased’s estate cannot be found, this can cause additional stress and work at a time that is already difficult.

One question that we frequently get asked is “What happens to a property when someone dies?”. Following a bereavement, there are a number of tasks that need to be considered and ensuring that a property is dealt with correctly is one of the many responsibilities involved in estate administration. Coming to terms with the death of a loved one is a difficult and emotional process; therefore, it’s important to understand what to do with the deceased’s property to avoid any further stress and anxiety.

When a loved one dies and they have a life insurance or assurance policy, that policy may pay out a very significant sum. It’s only natural to question whether the payout forms part of their estate, which may be subject to probate, Inheritance Tax, and other taxes.

When someone close to you dies and you’re dealing with the estate, it is easy to get overwhelmed when considering the upcoming tasks and the unfamiliar language associated with them. Firstly, it is important to understand the basics; this blog post aims to answer some of the most common questions associated with handling an individual’s estate after they have died, including:

When coming to terms with the death of a loved one, the grieving period can be disrupted or worsened by issues with their Will, inheritance disputes, or other complications. These difficulties are often highlighted by high-profile probate and estate administration cases. This blog explores lessons that can be drawn from prominent celebrity deaths and the complexities that arose upon their passing.

By Jim Sisson, Chief Financial Officer at Tower Street Finance When people pass away, they leave behind all kinds of assets and heirlooms. Property is often among the most valuable assets and managing property is a key concern for those tasked with dealing with an estate.