The Essential Laws of Estates Explained

How to Obtain Probate in Easy Steps

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

When a person dies and leaves a will, then the process of dealing with the deceased person’s estate which includes money, possessions, and properties is called probate. 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 this is not applied for then these 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.

A copy of the will is not valid to obtain probate; you should find the original will of the deceased estate owner. In order to establish who has been appointed as the executor of the will, the original will should be checked. The executor’s responsibility is to apply the probate and carry out the terms of the will.

Every interested parties should be notified of the death. The death certification should be attached to the written notification. By interested parties we refer to banks, building societies, insurance companies, share registrars, investment and ISA providers, pension providers, tax and benefits authorities, creditors, and others.

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.

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. A widow or a widower who has left the estate will have an inheritance tax threshold increased.

Inheritance tax forms should then be completed. There are forms to be completed for estate values lower than the inheritance tax threshold, and another form 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. The executor then finalizes the administration of the deceased person’s estate and implement the terms of the will.

You need 4 to 12 weeks to complete the whole process depending on how quickly your can proceed.

The executor of the will will need the services of a solicitor is the estate is complicated, but if it is straightforward then the executor will not have much problems in execution.

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