Learn the Reason Behind the Popularity of Fixed Fee Probate

 

 In case you have just lost a close relative, handling their real estate on your own is not a piece of cake. 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. They fear that huge legal cost may take a big part of the estate.  A fixed fee probate is the perfect solution in case you are not comfortable dealing with the probate yourself.

 

 One of the main benefits of considering fixed probate is that you will not have to pay any money upfront. You will, however, need to come to an upfront agreement about the total fee that you will be required to pay.This can assure you that you will not experience any nasty surprise after the settlement of the estate.  The truth is that solicitors from Mr Probate can get very expensive and thus the need to go the probate way.

 

 Basically, dealing with probate entails making an application to the tribunals service seeking the permission to take charge of your loved one's estate and their finances. If the deceased total wealth is not more than $5000 and he or she had left all the wealth in the bank, you will not have to apply for probate.  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.

 

 You will not need to make any request even if the total sum is above $5000 if the bank clarifies that you are joint names with the estate owner. If the banks are convinced that the deceased is dead, they will gladly switch the wealth in your name.  If the above exemptions do not apply in your case, the only solution is applying for probate. Get more facts about real estate at https://en.wikipedia.org/wiki/Real_estate_broker.

 

 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 money can be a daunting task to many. Taking care of things when you are not done grieving the loss of a loved one can be very taxing.  You may also be tempted to hand things over to your family lawyer.  No matter how overwhelmed you feel, avoid going this direction. The reason is that a solicitor from Mr Probate may charge you too high fee.  Consider using fixed pay probate as it is a great option.