Is Probate Needed?
Is the total value of the deceased person’s estate is less than £15,000,
Is Inheritance Tax Due?
Inheritance tax (IHT) will usually be due if the value of the estate exceeds the threshold (the nil rate band), which is currently £325,000.
Grant Of Probate
Once everything has been approved by the government, your grant of probate will be sent in the post.
Executors of The Estate Responsibility
It’s important to remember that being an executor of someone’s estate comes with a lot of responsibility. It’s essential that you fully understand your duties when looking after the affairs, as you will be financially liable if any mistakes are made.
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