A Grant of Probate is the legal document issued by the Probate Registry to an Executor named in a will. It is this document, that banks and other financial institutions will require after someone has died, to release assets held by the Deceased. But is probate always needed ?
A Grant of Probate is not normally required if:-
•The whole estate was held jointly i.e. with a surviving spouse.
•The estate was small and financial institutions agree to release any monies to the administrators without the need of a Grant.
•An executor or next of kin had power of attorney for the deceased’s
•The estate is under £15000
By contrast you WILL need probate if :-
- the deceased held assets above £15,000
- the deceased owned a property
- the deceased owned shares
- a claim is being made by the estate eg. PPI
If you need help applying for probate – we have clients nationwide on fixed fee policy – call us on 0845 568 5000 or tim.murden@tmsolicitors.co.uk
