My downloadable guide provides practical steps for individuals applying for Probate in England & Wales, covering legal, financial, and administrative requirements following a bereavement.
Key Points:
- Definition & Scope: Probate confirms the validity of a Will and appoints Executors. For intestacy (no Will), Letters of Administration apply. Both grant authority to manage the estate.
- When Probate is Needed: Required for assets in sole names; joint assets typically pass by survivorship. Financial institutions have varying thresholds for requiring Probate.
- DIY Feasibility: With basic internet and form-filling skills, most people can complete the process online, especially with guidance.
- Initial Steps: Register the death within 5 days, obtain Death Certificates, and use the “Tell Us Once” service to notify government departments.
- Estate Valuation: Determine gross, net, and taxable values. Inheritance Tax (IHT) thresholds include £325,000 per person, plus the spouse exemption, and Residence Nil Rate Band.
- IHT & Probate: IHT must be paid before Probate; interest accrues after 6 months. Payment can be made directly by financial institutions.
- Application Process: Online application requires details of the deceased, Executors, estate values, and payment of court fees (£300 plus £16 per copy). Original Will must be submitted.
- Costs: Solicitors often charge £10,000 or more; independent practitioners such as me offer services at significantly lower cost.
- Post-Probate Duties: Collect assets, settle liabilities, prepare tax returns, make interim and final distributions, and produce estate accounts approved by Executors and beneficiaries.
Let’s talk
If you think I may be able to help, you’re welcome to contact me by phone, WhatsApp, email, or through the online enquiry forms
If you are an Executor (or prospective Administrator) and need help, please complete this questionnaire to receive a fee quote.
Your initial consultation is at your convenience, at my expense, and without obligation.