Perhaps the most frequently asked question is when is probate required ? The answer depends upon the assets of the deceased.
Typically, if the deceased left assets over £15,000, the a grant of probate ( if a will exists ) or a Grant of letters of administration ( if there is no will ) will be needed. The reason is that the probate document provides the authority for the person administering the estate to collect the assets, even if a will exists. Cases when probate will be definitely required is when :-
- there are cash assets over £15,000,
- pension policies over £15,000, or shares,
- if a claim is being made by the family ( such as PPI, care home fees recovery or medical negligence )
- selling a property owned in the name of the Deceased
- when inheritance tax is required
if you are unsure whether you need probate, we provide a probate helpline service contact us now on 01482 429985.