#GrantofProbate; #Probate
Get Stuff Sorted with Settld
Bereavement service, Settld, has joined forces with a range of partners to deliver its ‘Get Stuff Sorted’ programme. It offers hands-on advice and practical assistance to individuals and families to prepare the paperwork and legal matters regarding end-of-life admin. Over 31 million adults in the UK don’t have wills or Powers of Attorney in place to protect their loved ones and families, according to Canada Life. Many also haven’t recorded their final wishes or put the rest of their affairs in order. Vicky Wilson, co-founder and CEO of Settld, said: “Our online programme has been designed with various organisations to [...]
What are the current limits for Grant of Probate for Financial Services Firms?
If you are named as an Executor of the Will, then when that person dies it will be your duty to administer the Estate. You have probably already checked Government guidance or Settld's guidance on whether probate is required. But are you aware that each Financial Services firm will have a different minimum value for which they will ask you to apply for probate before they will release funds? Settld has provided a comprehensive list of the probate thresholds for the largest financial services firms below. Company Probate threshold abrdn £36,000 Access bank £50,000 Aegon [...]
Probate! What is it and when do I need to apply for it?
If you are named as an executor on a will, then when that person dies it will be your duty to administer the estate. The first step in administering an estate is usually to apply for probate. What is Probate? A Grant of Probate in England, Wales and Northern Ireland, (or a Grant Confirmation in Scotland) gives you the legal right to deal with the estate of someone who has died. To be granted probate you will need to apply to the Probate Office. They will post out the Grant of Probate after they have processed your application. This can [...]
Post-death checklist – What to do when someone dies
After someone passes away there are a number of admin tasks that need to be completed. This article provides a checklist of what to do when someone dies. We describe the main steps that you’ll need to take in order to sort out your loved one’s affairs. We’ve also provided links to other resources available on our website, which deal with topics such as probate and inheritance tax in more detail. Your checklist: 1 - First on the checklist is to get the Death Certificate This is the legal document that explains how someone died. If the cause of [...]