What is probate?

The term Probate is used when referring to the process of obtaining the legal right to deal with someone’s property, money and possessions (their ‘estate’) when they die. When someone dies, the task of sorting out their money, property and assets passes to an executor, as named in the Will.

The documents that allows you to start dealing with the estate. If the person left a will, will be either:

  • a ‘grant of probate’
  • ‘letters of administration with will annexed’ (if the will does not name an executor or the named executor is unable to apply)

If the person did not leave a will, The document is called ‘letters of administration’.

Why might I need help?

The process of dealing with the deceased assets such as valuing the estate, obtaining information, reporting to HMRC to name a few duties can be an incredibly time consuming, costly and emotionally taxing as it is a large responsibility and one to be not taken lightly. This is especially the case if a close relative has passed away and therefore utilizing a professional Executor can considerably reduce the stress and time taken to close the estate.

You can use a professional to assist you with some or all of the estate probate process based off your individual needs. Please note all professional Executors will charge fees in accordance with industry standard.

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Here’s the legal bit..

Please note that the information on this website is referenced from and accredited to the UK Government website and may change in accordance to updates of relevant laws and acts associated with the topics included.

The information provided on this website is only to be used as reference and an example.

We do our best to provide correct and up to date information and advice to our valued client and visitors however it is your sole responsibility to confirm these details with the relevant parties and do your own research prior to any engagement.

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For the best in first-time buyer mortgages across Greater Manchester and beyond, contact Best Financial today. Call us on 0161 850 6333 for a free consultation with one of our advisors.

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