Probate, quite simply, is the legal process taken to register and validate a will. If a loved one has recently died, a Grant of Probate must be given to the Executor of the will in order for them to oversee the correct distribution of the deceased’s estate.
To obtain a Grant of Probate, you must register your claim to the Probate Registry offices by filling out the relevant forms. This process can sometimes take as long as 12 weeks; which is highly inconvenient for families who are trying to get their finances in order.
Probate is needed for the sale of a property, the release of money over £15,000, to access and deal with shares and to release funds after a death benefit policy.
This is why probate is so important, as when it comes to the division of an estate, it is almost impossible to move this process along without a Grant of Probate.
What you need to obtain probate?
In order to obtain probate there are three things that are of the utmost importance. These are the death certificate of the deceased, the original will and a list of the deceased assets.
Although other requirements may be necessary, all probate offices require these essential three before considering providing a Grant of Probate.
Why you should hire someone to deal with probate?
If you apply for assistance on probate from the Co-Op you can be sure that you are getting a highly professional service that is used to dealing with Probate Registry offices, and will know how to get the job done as quickly as possible.
By offering a fixed price, you know that you will not have to pay to sizeable hidden fees that some solicitors offer.
Similarly, in most cases the Co-Op can obtain the Grant of Probate within 5 weeks, meaning that you will have to worry less about financially supporting your family on your own.
Do I need probate?
Whilst it is often the case that you will need a grant of probate to release funds, this is not always the case, especially if the deceased’s savings were less than £5,000.
However to speed …