Every Estate and Will is different in many ways. Probate, the exact process, varies depending on what the Will states and what is included – such as Assets, Creditors, Beneficiaries and so on.
The basic process
- – Gather details of the estate – including assets and debts
- – Apply for Grant of Probate
- – Complete an Inheritance Tax Return and pay anything due
- – Grant of Probate RECEIVED
- – Repay any or all outstanding debts
- – Distribute the rest of the Estate according to a Will
Probate can be simple, unless there are any disputes and then the process can become more complex. These disputes can be between the Executor, Beneficiaries, Creditors or even HMRC. You may need to speak to a Solicitor to help with this or any stage of the Probate process.