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Our wills trusts and probate team combines pro-active advice with an in-depth understanding of the law which will assist you in planning for your future and safeguarding your finances.

For those who are living their lives with their loved ones, in their family might be thinking always to ensure the proper living off their related ones. The power of thoughts and the work is what tends to change your family or the relatives comforts, increase financial supports but all that is helpful to your family till you are alive and are with them.

Now the thing that is the greatest reality is that you have the utmost freedom to think about your family and whatever you define for your family or the relatives are not blocked by any way or by anyone. This is what a person can confidentially claim from the people in the world while they are living or are alive but what happens if you die and all the property/financial prosperity that you have created and is registered to you? Are you damn sure that your wills and thoughts will be run alike and would not be banned and cause strikes among the people. The particular thing isn’t of great concern when there is the law created by the government to help you in that even after you die, all your wills and trusts are kept alive.

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    Process To Create A Legal Will

    Here is the process that you can follow to create a legal will of yours that will be fulfilled in your life or some of your time if you designate that before:

    • You will have to hire a Trusts Solicitor and then register you’re all the properties and other financial matters that you wish to give to your heirs or the closest family members. Give up their names and the details to the solicitor and he shall create up the registered document for that.
    • To get up the governmental approbation for your registered trust, will document just go to the court and follow through some procedure that your hired solicitor will guide you throughout.
    • Once you have your will and trusts dominated by the government, you can then live up your life free of tension that your properties could create troubles after you and your family members those who you have registered won’t get ruined of the whole of your creations.

    Important Things to Remember:

    • All your property and the issued wills will be carried out as per your desire only after you will die and won’t get pushed away from you. You family members or the registered trust, family members don’t have the right to your availed property till you are living, therefore, you don’t have to worry about the increased tensions in your family by this process.
    • You can also change up details regarding your registered will/trust at any time hence there should be no tension regarding any future alterations in your family/closest relative members.

    Who can You contact for advice? | MB Law Ltd Solicitors can help You Regarding This

    Our experienced team assists you in providing a personalized service, providing you extensive control and options over your personal finances. We understand that disputes can arise in relation to estates so we will take a personalized approach which will endeavour to understand your personal requirements and tailor the best possible package of assistance for you. MB Law Ltd provides you with all feasible solution related to wills trusts and probate.

    We can assist you with:

    • Gifts
    • Tax planning
    • Wills
    • Trusts
    • Probate
    • Insurance

    Probate Work

    Details of the Agreement

    Our fees will be charged as follows

    We may charge from £1,000 + VAT (£1,200) to £4,000 + VAT (£4,800), the cost may vary depending upon case to case situation. 

    Note: The cost of the case can be at lower if the matter is simple.

    Further,Estimate based on the work involved in conducting the matter.

    Hourly Rate Agreement

    Our Director, Solicitor and Paralegal will work on the case and their hourly rates are:

    • Partners and Senior Solicitors 8+ years of experience – £300 per hour
    • Solicitors 4+ years of experience – £240 per hour
    • Other solicitors, Legal Executive – £220 per hour
    • Trainee solicitors and Paralegals – £180 per hour

    The fees would attract a VAT of 20%, VAT is only charged for disbursements when the person claiming disbursement is VAT registered

     

    There may be a few disbursements not limited to:

    • Electronic ID check (Per executor)         – £4.80 (Inclusive VAT)
    • Bank Telegraphic Transfer fee                – £40 + VAT (£48)
    • Probate Application Fee                          – £155 plus £1.50 per copy
    • Unclaimed Assets Register Search fees – £25 (Approximate)
    • Notice to Creditors in the London Gazette and Local newspaper – £160 + VAT (£192) Approximate
    • Bankruptcy-only charges department searches for each beneficiary – £2

     

    Stages involved:

    • Take your instructions and give you initial advice
    • Identify the legally appointed executors or administrators and beneficiaries
    • Establish the extent of the estate by identifying the various assets and liabilities
    • Identify the type of probate application required
    • The application for Grant of Probate is prepared and then sworn by the executor and submitted to the appropriate Probate Registry together with the Will, if there is one
    • Once the Grant is received, it is submitted to the various organisations with whom assets are held in order to start the process of transferring the assets into the beneficiaries’ names
    • All estate liabilities have to be paid before the estate can be distributed among the beneficiaries
    • Confirmation is required that tax is paid up to date and there are no outstanding HMRC claims
    • Estate accounts should be prepared thereafter, and the estate distributed in accordance with the terms of the Will

     

    The work will be carry out by:

    • Director assisted by a Solicitor
    • Solicitor/Director assisted by a Paralegal

     Note: Director supervise the whole work and holds ultimate accountability and conduct of matters.

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