What is Probate?
“Probate” is the legal expression that is applied to the full procedure of settling a person’s estate after they die.
A grant of probate is part of the estate administration process. When you apply for and receive a grant of probate, in effect you receive a document that demonstrates your legal right to administer somebody’s estate.
Whether or not you need a Grant of Probate from the Probate Office all depends on who will be looking after the assets of the individual after their passing. For example, Land Registry looks after all property ownership and they will nearly always require a Grant of Probate.
Banks and building societies looking after the deceased person’s cash assets will require a Grant of Probate if the deceased person’s holdings hold between £5,000 and £50,000 with them. However, bear in mind that each institution is different.