Wills and Probate Solicitors in Hampstead

If a house sells for more than its probate value, the estate may owe capital gains tax on the increase. In some instances, executors can transfer the property to the beneficiaries before the sale, allowing each beneficiary to use their own tax allowance.

Hampstead is a district in north-west London, mainly in the London Borough of Camden. It lies next to Hampstead Heath and has long artistic and literary associations. Notable historic houses in the area include Kenwood House and Burgh House.

Probate solicitors obtain a careful valuation of the estate at the date of death, report it for inheritance tax, apply for the grant of probate and explain the tax position on any sale to the executors. They then collect the remaining assets, settle any debts and distribute the estate according to the will or the rules of intestacy. They also prepare wills, trusts and lasting powers of attorney. Firms in the NW3 area serve the district. Below is a list of wills and probate solicitors in Hampstead.