Avoid Probate

Barrister Family Protection & Probate By-Pass Trust

Thank you for enquiring about a Barrister Probate By-Pass Trust that can typically save your Family £3,000 - £9,000 or much more in legal costs when you die. Visit: overcharging for probate

The probate By-Pass Trust is set up for your lifetime or both lifetimes for couples and lasts for 125 years so avoids probate and carries on protecting your beneficiaries long after you have died.

Most people first place their homes into their Family Protection Trust, followed by savings. Their first objective is to avoid huge probate and estate administration legal fees and associated long delays before beneficiaries may access their inheritance. The average time for beneficiaries to access their inheritance is around 9 months. But if a Will is challenged or other contentious issues, it could take several years before family receive their inheritance? Unlike a Will, it is exceptionally difficult to successfully challenge the Barrister Family Protection Trust as it is set up during your lifetime when you have full mental capacity. In fact, it is considered nigh on impossible to successfully over turn after a period of six years following transfer of assets into the trust.

What is Probate

Everyone in the UK with assets over £5,000 have a potential liability to Probate when they die. Probate is the process of proving a Will when applying to the Court for permission to administer the deceased's Estate. Estate administration involves settling outstanding debts including tax and dealing with utilities, insurance, investments, pensions, bank accountants and property transfers etc. before distributing the remaining estate to beneficiaries.

Executors are responsible for distributing assets to the beneficiaries and some strive to deal with themselves which makes good sense with small estates not involving property. However, many find this can be very daunting and often stressful dealing with family members that requiring constant progress updates etc. Therefore, most executors, and even busy professionals such as accountants, tend to appoint a solicitor or probate specialist to deal with all their family probate work at a difficult time.

The average cost of Probate is around 2% - £6,000 based on an estate worth £300,000 and the average time to complete probate and estate administration is approximately 9 months. However, if a Will is contested, probate can take years to complete. Butremark ably unlike a Will, trust assets completely by-pass probate enabling beneficiaries immediate access to their inheritance with huge savings on legal fees! The trust is also structured to protect beneficiaries against such claims, including divorce, creditors or means testing.

The fee for a Barrister’s Family Protection Trust is much less than most solicitors charge and often easily compensated by avoiding much greater probate costs, so the trust pays for itself. Importantly, Equity Legal also provide Lasting Power of Attorneys and a special Will to ensure that any assets outside your Lifetime Trust when you die fall into your Barrister Family Trust. Therefore, all your property and savings are then protected for your bloodline against claims such as divorce, creditors and means testing for up to 125 years.

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