When someone close to you dies, somebody has to deal with their "estate". A person's estate is considered to be made up of the money, property and any possessions they had at the time of their death. Probate involves collecting any money that is owed, settling any debts due (including outstanding taxes) and dividing the estate amongst the respective beneficiaries.
All assets (including property) in an estate will remain frozen, until the Probate Registry gives the authority (via a document known as a Grant of Representation) to the "executor" named in your Will. If you have no Will, then it is up to the most appropriate member of the family member to act on behalf of the estate.
If there is a Will, the estate will pass to the people named in the Will. If there is no Will, certain rules, known as the Rules of Intestacy, will apply.
Whether you are an Executor or the next of kin we can provide practical in the administration of the estate. We can help you ascertain the size of an estate for Probate and Inheritance Tax purposes. We can prepare an application for the Grant of Representation on your behalf, and help you lodge the required forms with the relevant organisations to collect monies due to the estate and settle any outstanding debts. We will advise you on, and if necessary settle with the relevant authorities, all tax liabilities arising out of the administration of the estate, be they inheritance tax, income tax, or capital gains tax,
We can also arrange the transfer or sale of any shares, and any property or land owned by the deceased.
