ProbateProbate is the process of administering the estate of a deceased person. Probate is not always required on the death of a person. It will depend on the assets owned by the deceased.

If a property e.g. a home is owned jointly as joint tenants this will pass automatically on the death to the surviving joint owner. All bank accounts which are held in joint names again pass automatically to the survivor. It may be that on the death of a Wife/Husband/Civil Partner probate is not required.

If a property is held in joint names as tenants in common that property passes by way of the Will of the deceased or under the rules of intestacy and therefore a Grant of Probate or Letters of Administration would be required. It is likely that a Grant or Letters will be required if bank accounts/ISA’s /shares etc. held in the sole name of the deceased.

On the death of the person it is the duty of the Executor to administer the estate of the deceased i.e. to collect in the assets, pay liabilities including inheritance tax ( if payable) and distribute the estate  in accordance with the Will. The Executors may not be willing or able to act and in this situation the law sets out who can act as Administrator with Will annexed. If someone dies without a Will again the law specifies who can act and who is /are the beneficiaries.

Photo Credit

Blog by Emma Fuller

Emma is a highly experienced solicitor with Edward, Hands & Lewis. She specialises in Family Law, Wills & Probate, Administration of Estates and Elderly Client Work. She has extensive experience across a wide range of services within these areas. Emma is an accredited member of the Law Society's Family Law Panel, showing her high level of knowledge, skills, experience and practice in the area of family law. Contact us on me@investorprofile.co.uk or 01604 211234 if you would like to get in touch with Emma.