Wills and Probate Solicitors in Stamford

Wills and probate solicitors handle the entire process, from estate planning to post-death administration. They prepare wills, lasting powers of attorney and trusts, including those that hold funds for grandchildren until they reach a specified age. They also help with inheritance tax planning, including the nil-rate bands, the residence nil-rate band, lifetime gifts and reliefs available for farmland and businesses.

When someone dies, solicitors can value the estate, report it for inheritance tax and apply for a grant of probate. If there is no will, letters of administration are required and the intestacy rules decide who inherits. Solicitors gather the assets, pay off debts and distribute the remaining estate. They can also act as trustees if a trust continues. A deed of variation can change who inherits within two years of the death, and disputes over a will can often be resolved by agreement.

Stamford is a stone-built market town in south Lincolnshire, close to the borders of Rutland, Northamptonshire and Cambridgeshire. Wills and probate solicitors in Stamford can draft wills, set up trusts and administer estates. Firms in Bourne, Oakham and Peterborough also take on this work.