If you are helping with the administration of an estate and have come across the term probate, what does it mean, and when is it required ? and how do you obtain it ?
What does probate mean ?
When someone dies a legal process has to be followed. This process is known as probate and is typically undertaken by the Executor of a will, or the next of kin when there is no will. It ends with the probate registry issuing what is known as a grant of probate, which is a legal document authorising the executor or administrator to collect the various assets.
When do you need probate ?
You will need probate if the deceased left assets above £15,000, and will therefore be required to :-
- collect cash assets from a bank
- collect life insurance policies / pension policies
- collect shares
- sell a property
How can you obtain it ? and How much will it cost ?
We are a law firm that help clients across the UK, and always work on a fixed fee. To confirm the likely cost call us on 0845 568 4000Â or e-mail tim.murden@tmsolicitors.co.uk
How long will it take ?
As we specialise in probate, we recognise the need to obtain probate quickly, and focus on gaining probate within 4-5 weeks in very straightforward cases.
