Why is a Grant of Probate Necessary?

Giving the executors legal standing is essential in order to provide assurance and protection to those who are keeping cash for the deceased or who want to purchase property from the Executor. If you spent £200,000 on a house only to find out that the executor named in the will had really created a more recent will, in which case you were no longer entitled to the property, you wouldn't be happy. A bank holding £50,000 might not be pleased if it emerged out the person it had given the deceased's money to wasn't actually entitled.

 

How does one go about getting a Grant of Probate?

 

The process of obtaining the grant probate UK should be quite straightforward because it is essentially just a collection of commitments made by the Executors. Executors are required to read a declaration of fact in accordance with the Non-Contentious Probate Rules 2018, which became effective. Unfortunately, making a Probate application also requires filing an Inheritance Tax return explaining the financial circumstances of the dead as of the date of death.

 

To ensure you are correctly filling out forms and providing all relevant information, as with any contacts, it is advised to obtain expert advice. In order to ensure that all essential procedures have been taken and that there won't be any unpleasant surprises down the line, and we usually suggest engaging a Professional Member of Solicitors for the Elderly. If there are still other executors, they may apply and only cite the death of the other executor in the application. The replacement executors, if any, may submit an application for a grant if none of the executors chosen in the first round are able or willing to do so. If not, a trustee must include the will with a grant of letters of administration application.

Posted in Finance on October 17 at 08:31 AM

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