Crosswords1 min ago
Probate for executor
A near relative has died. As the person named in
her will as the executor, do I need to apply for
probate?
The deceased has no property, apart from a very
few household goods, and no savings.
The will is extremely simple and non-contentious.
Any advice will be appreciated.
her will as the executor, do I need to apply for
probate?
The deceased has no property, apart from a very
few household goods, and no savings.
The will is extremely simple and non-contentious.
Any advice will be appreciated.
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Under the Administration of Estates (Small Payments) Act 1965, it is possible to administer an estate without a Grant. Be careful though, if there are limited assets, are you sure the estate is solvent? Assets requiring a grant will normally be shares or real property. Small balances in bank accounts/post office accounts can normally be released to the executor on production of the original will and death cert together with an indemnity to the asset holder.
That seems like 'spot-on' advice to me, Morty'
As executor, and close relative, I expect to pay
off small outstanding debts myself, so that the
tiny inheritance (if any) can be distributed without
diminution.
There are no bonds, shares or property to be
taken care of, so I'll try to keep everthing as
simple as possible.
Invaluable advice - my gratitude.
As executor, and close relative, I expect to pay
off small outstanding debts myself, so that the
tiny inheritance (if any) can be distributed without
diminution.
There are no bonds, shares or property to be
taken care of, so I'll try to keep everthing as
simple as possible.
Invaluable advice - my gratitude.