In simple terms, probate is a legal process that involves reviewing the assets of a deceased individual who has left behind a will. The appointed administrator oversees the administration of the will and certain expenses are covered by the estate during this period. The administration is responsible for proving the authenticity of the will in court. While there is no specific expense that can be pinpointed, guidelines exist to determine the expenses covered by the estate, which are a result of the duties performed by the administrator.
Understanding the Expenses Covered by the Estate During Probate
When an administrator is designated for the estate, they are entitled to reimbursement for all reasonable expenses from the estate itself. The administrator is not expected to cover any expenses out of their own pocket. Various expenses are covered by the estate during probate, some of which are outlined below.
Hiring Professionals for Estate Assistance During Probate
Professionals hired to represent the estate and provide guidance during the probate process are paid using estate funds. For instance, if an accountant is assisting with tax preparation for the estate, their fees are covered by the estate funds.
Necessary Repairs Covered by the Estate
In certain cases, it may be more beneficial to repair a property rather than sell it. The estate covers expenses for necessary repairs that increase the value of the property or protect it from further damage. For example, immediate repairs for water leakage in a house are crucial to prevent extensive damage.
Gardening Expenses and Maintenance Costs
The estate also covers expenses related to gardening and maintaining the deceased’s garden. Costs for equipment and hiring a gardener are paid for using estate funds during the probate process.
Transportation Costs During Probate
If the administrator needs to travel to the estate location, transportation expenses can be reimbursed from the estate funds. It is advisable to combine essential tasks with necessary trips to minimize expenses and potential pushback from beneficiaries.
Legal Fees for Probate Lawyers
Legal fees incurred during probate, such as those for lawyers providing assistance, are paid using estate funds. These fees are essential for navigating the legal aspects of the probate process.
Funeral Costs and Death Certificates
While the estate is not obligated to cover funeral expenses, it can choose to do so using estate funds. Additionally, expenses for death certificates are covered by the estate during probate.
Payment of Taxes
The estate is responsible for paying various taxes during probate, including property taxes, income taxes, and estate taxes. These tax obligations must be fulfilled using estate funds.
To claim reimbursement for these expenses, one must submit a claim to the estate’s creditor with supporting documents like receipts and invoices. It is crucial to complete this process within a specified timeframe to avoid delays. Seeking assistance from probate solicitors can help navigate any complexities and ensure the probate process is completed accurately and efficiently.
