The loss of a family member is a very difficult time and therefore it is imperative that proper steps are taken to ensure the correct legal assistance is followed. The Revenue Commissioners and Probate Office process submissions to the Probate Office. However to key to a quick submission relies on quick action from your solicitor. Your solicitor must deal with Department of Social Welfare, Banks and Estate Agents. Wilkinson & Price Solicitors place a high value on hastily completing these urgent tasks.
The immediate legal tasks of an executor include:
Calculating revenue returns
Applying for a grant of probate or a grant of administration where someone has not created a will (intestacy)
Examining the property rights of the relatives of the deceased in line with will or intestate
Probate tax and inheritance returns
Sale of assets and proceeds where necessary
Executor named by the deceased is responsible for the carrying out of their will
Making a will is a necessary step to avoid conflict that can arise between relatives and loved ones. Although it can appear a simple task, there are many complications which require the attention of experienced solicitors.
It is possible to make your own will, however, it may not be executed correctly because certain legal terms can be ambiguous. It is also possible to change your will simply by adding a new codicil which must be signed by you and witnessed by two people. By using Wilkinson & Price to create your will you are ensuring that your beneficiaries will avoid disagreeing and therefore greatly reduce their legal costs.
The Executor is chosen by the person creating the will and is responsible for ensuring the will is carried out in the correct manner according to the person who created the will's instructions.
Spouses by law have the legal right to half of the estate if there are no children. If there are children, the spouse receives one-third of the estate.
Children who are beneficiaries and under 18 years of age are appointed Trustees.
If you would like to know more about creating a will and probate or how Wilkinson & Price can help you, please contact a member of our legal team here.