MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
two banks and a house to deal with
Any gotchas I need to be aware of?
Should be straight forward enough. The most tedious bit if the estate is that simple to account for is wading through the documents that you don't need to fill in.
Its not that different to filling in something like self assessment but with the added entertainment of having to swear an oath at a local court.
I did it 2 years ago , straightforward,
You don't have to go to court, a local solicitor will listen to tin swear the oath for £10
I did it and although got a lawyer friend to have a quick look it really wasn't too bad. Can be a bit more complicated if you need to pay inheritance tax. Due to the circumstances the tax officers can be quite helpful.
as said if done stuff like self assessment not difficult but can be time consuming - organisations like banks mostly seem very helpful and have dedicated teams that deal with deceased issues - found DWP hard to deal with ref pension stop dates/claim backs etc plenty of advice on the aged charity websites
done a couple to help out relatives who didn't want to spend the money on solicitors - basically its your time versus spending money, if don't do self avoid using the banks probate service - bit like paying british gas to fit a boiler - go straight to a solicitor
You don't need a lawyer, lots of help online on offical govt websites.
I assume there is a decent clear will ? iHT rukes now allow 2 * personal allowance threshold so many fewer properties get caught. Should be easy. Pay a little extra for multiple copies of probate so you can do more than one thing at on e. I assume you are executor, its a personal capacity function so you can pay everything into your bank account or open a seperate savings account to keep money seperate if say ofher beneficiaries want to see amounts.
Edit
Banks are easy just close accounts and have money wired to you - should be no / tiny charges
Make sure you have all accounts etc, no forgotten about policies etc
