Probate - Don't Delay
The Government's announcement in the November Budget that it intends to give local authorities the power to levy a council tax premium of up to 100% on empty properties could have unwelcome consequences for executors who fail to deal with the probate and administration of an estate with reasonable speed.
The plan is aimed at discouraging 'absentee owners', of whom there are large numbers in London, from retaining their properties empty. The argument is that this has the effect of locking up housing stock and helping to maintain prices, especially for properties in the capital, at high levels.
Executors of estates faced with the need to clear and sell the property of the deceased person, which is not possible until the estate is probated, may face a hefty rates bill if the process becomes prolonged.
Our probate professionals can help you make sure that any estate of which you are executor is dealt with in an efficient and professional manner. Contact our team of specialists for assistance on firstname.lastname@example.org. or call us on 020 8974 7490.
Please note we are unable to offer legal aid.