Probate is the process of proving that a Will is valid and confirming the Executor’s authority to administer the estate of a person who has died. Although Probate actually relates to an Estate where a Will was made, even if there was no Will, a similar process will still be followed and this is often referred to as Probate as well.
It depends on the value and contents of the Estate you are administering as to whether you need to get Probate or not. Usually if there is a property, a large shareholding or cash assets you will need to obtain probate. Banks and building societies and other financial institutions set their own limits on when they insist on you obtaining a grant of probate. Some are as low as £5,000 and some as high as £50,000.
If the estate is valued at more than the nil rate band then the estate will usually have to pay …
Read more Wills & ProbateA personal representative is simply another name for someone who is an Executor or if there is no Will, is …
Read more Wills & ProbateAn executor is responsible for looking after your money, property and other assets after your death and carrying out the …
Read more Wills & ProbateNo. A Will should reflect your circumstances as they are now, not what they might be in the future. You …
Read more Wills & ProbateBoth you and your husband should make Wills. As well as ensuring that you have provided for each other, you …
Read more Wills & ProbateWe can advise on Wills that will offer some protection from care home fees.
Read more Wills & ProbateGenerally, if you own land, property or any other asset in a foreign country, you should have a Will prepared …
Read more Wills & ProbateYou can include gifts of personal belongings in your Will. However, if you would like a more flexible way of …
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