You may have heard of the term probate, but unless you have had to deal with the estate of a late relative or loved one, you may not be overly familiar with the process or why it is necessary.
Applying for a grant of representation can be notoriously difficult, not least because you will already be dealing with emotions involved with the loss of a loved one. There will most likely be a great deal of paperwork involved in the process, some of which may be difficult to understand. In light of this, it is vital that you follow the guidelines available to ensure that your
probate runs smoothly and you get the result you want.
What is Probate
Probate is a term that is used to describe the application for the right to deal with the estate of a deceased person.
If an individual who owns any assets such as money in a bank account, stocks and shares or an investment account passes away
then you may be required to apply for probate to get access to these assets. Probate will ensure that you are the right person to be receiving the effects.
If the person who has died left a will then it will be the executors of the estate who will apply for probate to give them access to the assets within the will. If no will was left then a close relative can apply for probate with the same intentions.
Although it may be a difficult thing to think about when you have lost a loved one, it is important that you find out, as soon as possible, if a will has been left. If it is a close relative that has passed then you may have discussed their will with them, but if not, it will be worth speaking to other family members or their solicitor to find out if there is one. Their will may include information about their estate and even their funeral, so the sooner you locate it, the better.
Applying for Probate
If there is a will, it will most likely name an executor of the estate. If there is no will then an executor will need to be appointed. It is then necessary for the executor to apply for a Grant of Probate.
You will find that there will be a lot of forms to fill out throughout the grant of representation process. The best way to make this process run smoothly is to ensure that everything is completed correctly and double checked. If you have any problems filling out any of the information then it is important to seek professional advice from a probate solicitor or the Citizens Advice Bureau.
Ask for Help
Making sure the probate process runs smoothly may mean that you need to speak to a legal professional about something as small as knowing which form to send off or
as big as not feeling comfortable being an executor. You can apply for a grant of representation here.
It is important that you seek the help you need, listen to the advice you are given and double check all the forms you fill in. This will help you to ensure a smooth probate process and make sure that your loved one is able to split their estate in the way they wished.