Guide To Obtaining Probate

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If you want to obtain probate easily, then you should take the steps given below.

The term probate is used to describe the process of dealing with a deceased person’s estate which includes money, possessions, and properties.  A grant of probate from the probate registry should be applied for by the executor of the will so that he can collect money from banks, building societies, and other organizations which hold assets belonging to the deceased person, and sell or transfer ownership of a property.  If the executor of the will will not apply for this grant of probate then all the assets will remain frozen and inaccessible.

The executor of the will can obtain probate even without the need of a solicitor with a straightforward estate.

You cannot obtain probate if there is only a copy of the will available.  In order to establish who has been appointed as the executor of the will, the original will should be checked.  Applying the probate and carrying out the terms of the will is the responsibility of the executor. Visit the site of Mr Probate to get help.

Every interested parties should be notified of the death.  The notification should be done in writing and the death certificate should be enclosed.  These interested parties include banks, building societies, insurance companies, share registrars, investment and ISA providers, pension providers, tax and benefits authorities, creditors, etc.

There is a need to obtain the date of death valuation of the deceased’s assets since this information needs to be included in the probate and inheritance tax forms.  See this video at https://www.youtube.com/watch?v=EooktZPItSM for example.

If the deceased person’s estate is valued below the inheritance tax threshold, then inheritance tax is not payable.  No inheritance tax is payable if the spouse is the sole beneficiary of the estate.  If the deceased was a widow or widower, there is an increase in the inheritance tax threshold.

Completion of inheritance tax forms follows next.  If the estate value is less than the inheritance tax threshold then there is a special form to be completed for that, and another form is needed if inheritance tax is payable.

You need to submit to the probate registry a completed probate application form, which is to be submitted together with your inheritance tax form, probate application fee, and any other documents requested by the probate.

A grant of probate will then be issued by the probate registry if there are  not problems or questions with the application.  This will then allow the executor to administer the estate and implement the terms of the will.

The whole process can take between 4 to 12 weeks depending on how quickly your proceed.

If the estate is complicated, then you need a solicitor to help in the execution of the will. Contact Mr Probate here.

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