When anyone 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. The process of Probate means verifying the validity of the will, collecting any money owed, settling any debts due (including outstanding taxes) and dividing the estate amongst the respective beneficiaries.
Most of the assets (including property) in an estate will remain frozen until the Probate Registry gives authority (via a document know as a Grant of Representation) to the individual(s) nominated in your will as the "Executor". If you have no will, then it is up to appropriate members of the family 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 then certain rules known as the Rules of Intestacy will apply.
Whether you are an Executor or the next of kin, at SMR Solicitors we can provide practical guidance to help you deal with the administration of someone's estate. We can help you determine 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 money due to the estate and settle any outstanding debts.
We can arrange the transfer or sale of any shares and work with our residential property team to handle the sale of any property or land owned by the person who has died.