Probate

Probate is the process to establish ownership of an estate before the tax is paid and the assets distributed. The responsibility for probate lies with the executors of a Will who often appoint a professional firm, such as The Society of Will Writers Trust Corporation, to take on the responsibility. Probate is still required where there is no Will although the process is known as Administration.

The executors have a number of responsibilities, including:

  • Interpreting the Will and ensuring that the wishes of the deceased as expressed in the Will are carried out.
  • Identifying all the assets and liabilities of the estate.
  • Obtaining valuations of the joint and sole assets as at the time of death.
  • Ensuring that the estate of the deceased is handled efficiently and that the funds and assets in the estate, including businesses, are properly managed.
  • Preparing tax returns for the deceased for Inheritance Tax, Capital Gains Tax, Income Tax and Stamp Duty Land Tax.
  • Settling all the debts of the estate including all taxes.
  • Completing and filing the relevant court forms.
  • Applying for Probate.
  • Preparing accounts for all the beneficiaries and, after payment of all the claims, distributing the estate.

Being a member of The Society of Will Writers means our clients have access to the SWW Trust Corporation who can handle all of these responsibilities and can support you with Probate, whether or not they are named in the Will as an executor and even where there is no Will.

As part of the Probate service, the SWW Trust Corporation can:

  • Take on all the responsibilities of the executors.
  • Assume all the potential liabilities from the executors.
  • Value and collect in all the assets.
  • Apply to the Court for Probate.
  • Handle the sale of any properties.
  • Distribute all the assets.
  • Pay the Income & Inheritance Tax.
  • Produce Estate Accounts.

Fees are charged in accordance with the SWW Trust Corporation Terms & Conditions and are either on a time basis or calculated as a percentage of the value of the estate. Minimum fees normally apply and both methods are extremely competitive. Please contact Chris Lamb Will Writing Ltd for further information.

Contact Chris Lamb Will Writing & Estate Planning for a no obligation assessment and quote as an alternative to the High Street fees. We will be happy to discuss all options with you and allow you to make an informed decision.

Wills

By making a Will you decide exactly how your estate is distributed and plan for the needs of your individual circumstances. No matter how complicated or simple your Will may be, we will work closely with you, listening carefully to your needs and wishes, providing clear advice based on all of the information you give.

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Estate Planning

Planning your estate can involve many different aspects from basic Wills to Will Trusts and Lifetime Trusts. Modern families can have complicated dynamics and there is often a potential for conflict in the future if relationships break down or after the death of a client. Estate planning can also help to minimise tax liabilities or other expenses after your death.

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Other Services

We can also assist you with the following; setting up a lasting power of attorney, severing a joint tenancy on property, Will storage and related document storage, pre-paid funeral planning and probate. If you have any questions about our services or if you would like arrange a free consultation then please do not hesitate to contact us.

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About Chris Lamb Will Writing Ltd

An independent Will Writing Company based in Chester-Le-Street providing everything from Wills to Lasting Power of Attorney to Pre-Paid Funeral Plans. We cover County Durham, Northumberland, Tyne & Wear and Teesside.

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Chris Lamb Will Writing is a member of The Society of Will Writers.

Contact Us

Tel: 0191 388 1030
Mob: 07961 577 373
Email: info@chrislambwills.com

Registered Address:
29 Lesbury Close, Chester-le-Street, County Durham, DH2 3SS

Company No. 09998141