Probate - How Does It Work?

Uncategorized Oct 07, 2017

Probate is the term used for administering an estate after someone dies.

It's a legal process that generates a Certificate of Grant of Probate document. This document is then used to present to all the financial institutions of the deceased so that funds can be released and distributed in accordance with the Will.

Not all estates have to go through Probate and this depends on the overall value of the Estate. So, if someone dies with very little assets then it's unlikely that Probate would be required.

In order to apply for Probate there are a number of forms to be completed and a copy of the Will and Death Certificate are also required.

Upon Receipt of the Probate Certificate, the estate administrators, that is the Executors and Trustees can now approach each of the financial institutions for disbursement of funds.

If property is involved, you will need to produce the Certificate of Probate in order to sell the property.

Probate itself can be a simple process, but we can help you if you feel unable to deal with this by yourself. We can offer advice to get you started, or we can offer assistance and apply for Probate on your behalf.

Either way, if you have any questions, please get in touch and we will do our very best to help you.

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