Discover Why Many People Like Fixed Fee ProbateHome
It is not easy to deal with the real estate of your deceased loved one. The good thing is that it is not a must that you deal with the real estate on your own, although many people prefer handling it on their own. One of the main reasons why people go this direction is because they want to save the legal cost. They fear that huge legal cost may take a big part of the estate. In case you would not want to handle probate on your own, consider going for fixed fee probate.
One of the benefits of using fixed fee probate is that you will not be required to pay for the probate cost upfront. You will, however, need to come to an upfront agreement about the total fee that you will be required to pay. Agreeing in advance can guarantee you that there will be no surprises after the estate is settled. The truth is that solicitors can get very expensive and thus the need to go the probate way.
Probate entails making an application to the probate service from Mr Probate, requesting to be permitted to take over the estate of your deceased and gain access to their finances. You will not require making an application for probate in case the deceased had all their wealth in the bank and the wealth is less than $ 5000. Many banks will not hinder you from getting access to the account of your loved one in case the money in the account is below $5000.
Also, in case the total amount of money is above $5000 and you a have joint name with the deceased you will not have to apply for probate. Basically, banks will be glad to switch the wealth of your loved one to you once you prove the death of the deceased. In case none of the above applies to you, you may have to deal with probate. Find fixed fee probate solicitors near me here!
In case you are finding it overwhelming to handle probate on your own, you should not be shy about it. The reason is that many people have had this experience as well. Handling taxes and financial issues may be very complicated at times. It is even harder to handle these issues when you are still mourning the loss of your loved one. In most cases, you may get the temptation of allowing your family solicitor to take charge of all the matter. Although this may seem like an easy way out, avoid it. This is because the fee for hiring a solicitor can get too high. The best course of action to take is to use fixed pay probate. Be sure to check out this website at http://money.cnn.com/real_estate/ and know more about real estate.