When most people are asked if they know what probate is – the normal response is a shrug of the shoulders or the thinking that it is only something that needs to be done if you die without a Will. Unless you have first-hand knowledge/experience or you work in the industry, very few people will …
Usually, there can be up to £10,000 to £15,000 in the bank before Probate is needed but this isn’t always the case. All banks and building societies have different thresholds for releasing funds without a Grant of Probate. Depending on the size of the estate, banks will ask for a Grant of Probate before closing …
While many people make arrangements for what should happen to their property and finances after they die, fewer people make arrangements for someone else to manage their finances for them during their lifetime, e.g. in the event that they lose mental capacity. According to the Office of the Public Guardian (OPG), although an estimated 40% …
In most cases, a family’s property will represent a significant proportion of their estate. However, problems could arise if the deceased had allowed a child to live in the property up until their death. While the child living in the property may want to continue to do so and may not have the means to …
Probate is a subject very few individuals deal with or are even aware of. We would like to help you understand what Probate is, when its required and what it means to the people you leave behind. What is Probate? Probate is the process for dealing with the estate of someone who has died, which generally …
