Discover Why Many People Like Fixed Fee Probate
It is not easy to deal with the real estate of your deceased loved one. It is not a must that after losing your loved one you deal with their real estate yourself, even if many people do so.One of the main reasons why people go this direction is because they want to save the legal cost. The last thing many people want is spending a huge chunk of money on legal cost. A fixed fee probate is the perfect solution in case you are not comfortable dealing with the probate yourself.
One of the reasons many people prefer using fixed probate is that there is no money that one needs to pay upfront. Although you will not require paying any money, you will agree on the total fee you ought to pay upfront. Agreeing in advance can guarantee you that there will be no surprises after the estate is settled. The fact is that the cost of hiring a solicitor can get too high and can strain you.
With probate, you will write to the tribunal service, asking them to permit you to gain control of the estate of your loved one and their money. Again, applying for probate is not necessary in case the deceased had a total wealth that is less than $5000 and the wealth is in money form at the bank. You will not have any problems accessing the account of your deceased since most banks allow relatives of the deceased to access the money if it is less than $5000.
The bank will also not ask you for probate if you are in joint names with the deceased even if the money is more than $5000. It is a pleasure for every bank to switch the wealth of the deceased to your name on proving the death of the deceased. If the above exemptions do not apply in your case, the only solution is applying for probate.
There is no reason to be ashamed if dealing with probate on your own seems challenging. The reason is that many people have had this experience as well. Handling taxes and financial issues may be very complicated at times. Taking care of things when you are not done grieving the loss of a loved one can be very taxing. In most cases, in case you have a family solicitor, the temptation to leave all things to him or her is high. No matter how overwhelmed you feel, avoid going this direction. You certainly would not want to incur the high cost of hiring a solicitor. You can take the worry away when you use fixed pay probate.