hi once again, could someone please explain what probate actually entails or means?

Question

my mum has an estate under 150 thousand so would this need to go to probate
regards nl

Answer 1

When a person dies having made a will, that will has to be submitted to the Probate Office, a government department, which then holds it permanently as a public record available for anyone to see upon application. Copies of the will may be obtained for a fee from the Probate Office. A grant of probate is then made to the executors named in the will. Until this vital step has been taken, the executors are powerless to act in dealing with the estate, as all banks, building societies, etc. etc. will want to see a copy of the will and possibly the grant of probate before responding to requests from the executors.

The fact that the estate is not very large does not mean it doesn't have to go to probate: the main difference between a large and small estate is when it comes to paying inheritance tax.

Answer 2

Probate is the document that is applied for at the Court. It is basically an inventory detailing all of a deceased person's estate. Once Probate is obtained then all the monies in the estate can be ingathered - insurance policies, shares, bank and building society accounts etc. Not all estates need Probate - especially if the deceased person did not have a lot of money or if everything was in joint names.

Answer 3

All politicians lie. If he weren't called out on it, do you think of he might have "clarified" his statements? on no account. He desires to win a presidency, he has gotta administration his tongue. Secondly, because of the fact he's a darling of the mass media, he theory he ought to wreck out with asserting something as pathetic and stupid as that. He may be "charismatic" yet even the sweetest tongue has a bitter spot. Obama is a comedian tale. i be responsive to i will probable get thumbs down for this yet we could face the certainty: he's a substantial balloon perfect now, increasing intense and searching grandiose, pop it and you will discover that that's in easy terms empty and crammed with air. On a area be conscious: I advise Obama provide up stealing mottos mutually with "confident we are able to!" you're Obama the Senator no longer Bob the Builder.

Answer 4

Acertaining who the true heirs are of a decedent , assigning an executor, according to a will, if it exists, and paying the debts and taxes, if any, of the decedent.

Answer 5

it is a legal term for lawyers to suck more money outta u