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 [...]

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 [...]