When Do You Need Probate ?
Probate is the term, typically given to the legal process that is followed after someone’s death.
To collect the Deceased person’s assets a legal document known as a Grant of Probate must be obtained by the Executors of a will. If no will exists, the Administrators of the estate (normally the closest blood relative) will apply to the Probate Registry for a legal document known as a Grant of Letters of Administration. .
The Probate Registry is the Court responsible for the administration and issuing of grants of probate.
Is probate always required ? the law
Whether probate is required ultimately depends upon the size of the Deceased’s assets.
Probate will be required in the following circumstances :-
- If a Deceased held a property.
- If the Deceased owned shares
- To make a claim on behalf of the deceased’s estate
Probate is however not always required, this may arise when the deceased held assets in a Joint name ( such as property ) or when the Deceased only had a small amount of cash.
Typically, a bank or building society will release such assets on the production of either the original will, death certificate and a small estates form signing if the assets are below £15,000
in value, however alot of banks limits do differ, so it is always worth checking first.
Do you need help or have a probate question ? Call our probate helpline on
National Probate helpline Telephone: 0845 9011 686