Probate Service
A tailored approach from a family run business, providing real property expertise since 1982
We recognise that managing a deceased loved one’s affairs is never easy and straightforward. Probate is one of the many things that has to be dealt with.
HOW WE HELP
Valuation
In many probate situations, real property (property consisting of land or buildings) must be valued to form part of the probate submission for inheritance tax purposes. The real assets to be valued can include flats, houses, land, commercial property and businesses.
The Southpoint Probate Service provides a valuation of the relevant property assets to be sent to the executor and/or solicitor acting for the deceased’s estate, plus additional services which the executor and/or family may find helpful at a difficult time, which can often be exacerbated by extended distance from the subject property and the requirement to take care of a property which may be empty and potentially vulnerable.
Core Services
Further to valuation and grant of probate we are in a strong position to market the property asset for sale on behalf of the estate. In reality, the property can be marketed prior to grant of probate, but contracts cannot be exchanged until grant of probate. We can also market the property for letting if that is the preferred route and provide a rent collection and property management service whether the property is residential or commercial
Additional Services
| Draining down the water system | Garden Maintenance | Empty Property Insurance |
| Renovation & Refurbishment | Preparation for Sale or Letting | Energy Performance Certificate |
| Gas and Electricity Certification where required | Property Management | Regular inspection of an empty property (must have empty property insurance) |
| Other services required by the estate will be considered | ||
Legal & Taxation Advice
If not already available to the estate we can recommend experts in both fields.
Probate – General
Probate is the entire process of administering a deceased person’s estate. This involves organising their money, assets and possessions and distributing them as inheritance – after paying any taxes and debts. Probate ends once all taxes and debts have been paid and all inheritance passed on.
If the deceased has left a Will, it will name someone chosen to administer the estate. This person is known as the executor of the Will. Only the executor named in the deceased’s Will can apply for probate to administer their estate. Of course a named executor may not wish to take on the burden of administering the estate, in which case they will usually instruct a solicitor to deal with probate.
If someone dies without a Will, they are said to be intestate. The intestacy rules will say who can apply to administer the estate instead.
Call on 020 8761 1828 / 07922 422478
Text 07710190316