When a person passes away, their estate, which includes assets like property, savings, and personal belongings, must be legally distributed. In the UK, obtaining a Grant of Probate is often necessary to carry out this process, ensuring that the estate is managed according to the deceased’s will or, in cases where there is no will, the rules of intestacy.
What is a Grant of Probate?
A Grant probate UK is a legal document issued by the probate court, giving the executor (the person named in the will to manage the estate) the authority to deal with the deceased’s assets. It allows the executor to access bank accounts, sell property, and distribute the assets as outlined in the will. Without this grant, banks and other financial institutions may not allow access to funds, and selling any property owned by the deceased could be impossible.
When is a Grant of Probate Required?
A Grant probate UK is typically required when the estate includes property or significant assets. If the deceased held assets in their sole name, such as a bank account with a substantial balance or property, probate is necessary. However, for smaller estates, particularly where assets were jointly owned like joint bank accounts or property owned as joint tenants, probate may not be needed.
How to Apply for Grant of Probate?
The executor of the will can apply for probate either online or by post. The process includes submitting a death certificate, the will, and an estimate of the estate’s value. There is a fee for this service, though it is waived for estates under £5,000. The application must be completed accurately, as errors could cause delays.
The Grant of Probate is a critical legal step in administering a deceased person’s estate in the UK. Understanding when and how to apply ensures a smoother and legally compliant process.