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.
You should record your contribution and the way in which you would like the future proceeds of sale to be …
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 & ProbateNo. A Will should reflect your circumstances as they are now, not what they might be in the future. You …
Read more Wills & ProbateYes, the solicitor is allowed to charge reasonable costs for acting as an executor. The usual charges are between 1½ …
Read more Wills & ProbateNo, you do not have to act as an Executor. You have a couple of options. Your first option is …
Read more Wills & ProbateThere are two choices: You can apply yourself to the local Probate Registry, who will send you the forms you …
Read more Wills & ProbateA Grant of Probate is the document that is issued to you by the Probate Registry. The document confirms your …
Read more Wills & ProbateA personal representative is simply another name for someone who is an Executor or if there is no Will, is …
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