Powell Eddison can provide assistance in the following ways: -
1. An initial free consultation to provide guidance with no obligation to proceed.
We will meet with personal representatives to discuss who has the authority to deal with the estate, and who will benefit under the rules of intestacy. We can also discuss whether a Grant of Representation is required, provide general advice, and set out available options or next steps.
2. A fixed fee limited retainer to obtain a Grant of Representation for the personal representatives.
We can assist by making the application to the probate registry on your behalf after drafting the required probate application paperwork. This is based on you valuing the estate and providing the relevant information to us for the application; we can confirm what information we need at the outset. Upon receipt of the Grant of Representation, you are then responsible for closing accounts and collecting in assets and dealing with all other estate matters such as paying liabilities and distribution of the estate.
This is a popular option due to the fixed fee and limited nature of our retainer which may suit many clients who are happy to correspond with third parties in the estate and go through paperwork or where the estate is straightforward.
3. Deal with the full administration of an estate on behalf of the personal representatives.
This would involve us contacting all financial parties in the estate and building up a financial picture of the estate as at the date of death to include assets and liabilities. We would then prepare all probate application papers and submit these on the personal representative’s behalf.
Once probate was received, we would collect in all assets, pay all liabilities, and ultimately prepare estate accounts and distribute the estate giving the personal representatives and beneficiaries peace of mind.