What is probate?

What is probate?


Probate is the process of sorting out somebody’s
estate, their property, money, and possessions after they’ve died. In Scotland, it’s called
confirmation. If you have been appointed the executor of
someone’s will, you’re responsible for carrying out probate. The process entails gathering
in the person’s assets, and paying off any bills, then distributing what’s left according
to their will. You can either do it yourself which usually
costs a few 100 pounds, or you can get a solicitor to do it, which can cost thousands. Plenty
of people do probate themselves when an estate is relatively straight forward. There are four main stages to probate. Number
one, assess the total value of the estate, and whether it’s liable for inheritance tax. Number two. Apply to the probate registry
for a grant of probate, and submit an inheritance tax form to the tax office. Number three. Pay any inheritance tax that’s
due, and swear an oath at a solicitor’s office or probate registry. Number four. Administer the estate by gathering
in assets, paying off any debts, and distributing what’s left according to the will. For more information on applying for probate,
visit which.co.uk/probateadvice.

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