What is probate and do I need to apply for it?

When someone dies, the people responsible for handling their estate often need legal permission to do so. This process is called probate.

If there is a will, probate gives the person named as executor the legal authority to access the deceased’s bank accounts, sell property, and distribute their assets according to the will.

If there is no will, a close relative can apply for letters of administration, which is a similar legal process that allows them to manage the estate.

Probate is usually needed if the person who died owned property in their sole name, had significant savings or investments, or if banks or financial institutions are asking for it before releasing any funds.

It may not be required if all the assets were jointly owned, as these typically pass automatically to the surviving co-owner. It might also not be needed if the estate is very small and the banks are willing to release funds without formal probate.

Check with your dad’s bank first.

I’m really sorry about your dad.

Probate can feel overwhelming, but it can usually be broken down into the following steps:

1. Find the will (if there is one)

2. Value the estate (assets minus debts)

3. Report to HMRC and pay any Inheritance Tax

4. Apply for probate (online or by post)

5. Access and gather assets

6. Pay debts and expenses

7. Distribute what’s left to beneficiaries

You can also ask banks or asset holders directly: “Do you need a Grant of Probate to release funds?”