Applying for probate can be a Stressfull and Exhausting task, but our specialists are here to make it feel simple. In this guide, you’ll find everything you need to know about going through probate and dealing with someone’s estate.
What is probate?
Probate (short for “grant of probate”) is a legal document that shows banks, the Land Registry, and other organisations that you have the authority to deal with someone’s estate. The process of getting probate usually takes 1-3 months.
Need help with probate?
Our friendly probate specialists are here to help you and can offer information and a free, no-obligation quote over the phone.
After losing a loved one, you may need to apply for probate before you can deal with their estate, but only specific people can handle the probate application. Here, we’ll look at who can apply and how you can get started today.
What are the duties of an executor: executor of will checklist
An executor of a will is responsible for dealing with the estate of the person who died. This includes valuing the estate, selling property, closing accounts, paying off debts, and distributing assets to the beneficiaries named in the will.
What is a deed of variation: Can you change someone's will after their death
A deed of variation allows you to change someone’s will after their death. This can be a good way to minimise the amount of inheritance tax that needs to be paid, but it’s essential that all the beneficiaries agree before any changes can be made.
Estate valuation: how to value a house and other assets for probate
To value a house for probate, it’s usually best to hire an RICS property surveyor, especially if the estate’s value is close to or above the inheritance tax threshold. For bank accounts and other assets, you can usually contact the organisations directly.
Probate Bank Thresholds
When someone unfortunately dies, their bank will need to be notified and their bank accounts will need to be closed. A legal document called a grant of probate is sometimes required by a bank to do this. However, most banks will release funds if the amount held is less than their threshold
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