The probate period can take a long time and is difficult to understand, something you don’t need as you deal with the estate of someone who’s passed away.
Do you own properties abroad and want to leave them in your Will? Let us explain the Probate process for dealing with Foreign Assets.
You may not need to apply for a Grant of Probate if everything you own is held jointly with your husband or wife including your matrimonial home.
After conducting the initial search of the deceased`s property if you are unable to locate a Will what should you do Next?
The Government is set to increase the current Probate fee to £273 for all applicants. Their argument being that it costs more to deal with the applications at the Probate Registry than the fees currently being charged.
However, at the same time the new online application process for obtaining a Grant of Probate has seen long delays…
There are increasing concerns amongst Probate professionals in relation to accessing digital assets when dealing with estate administration. Recent research has discovered problems surrounding property rights to such assets.
How long does Probate take is a common question people ask and in reality, there is no definite answer to this as each and every deceased person`s estate is unique to them.
Your Will remains a private document until the Grant of Probate is obtained. Until that point it is only the executors who are entitled to see it.
Most people will have kept paperwork when they die which makes it relatively easy for the executor to locate the deceased person’s assets.
The simple answer is yes but there are a few things you need to be aware of before embarking solely in the role of an executor.
This is the vital legal document which must be obtained by the executors before most financial institutions such as banks or building Societies, that are holding assets or investments for the deceased will release any funds…
As an executor you are responsible and have a legal duty to administer the deceased`s estate in accordance with their last wishes and as set out in their Will.