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Find out how much debt they have if any, such as a mortgage, credit cards or loans. You should include funeral costs as part of the debt if the estate is paying for the funeral. Work out how much the estate is worth once the debt s are paid. Examples of this type of assets are a car, a house or a piece of land. But there may not be Inheritance Tax to pay on this asset if the value falls within their tax-free allowance.

Not sure how an asset is jointly owned? You can do this either in the local probate office or in the office of a commissioner for oaths. If the person died abroad, there are different forms to fill in. You can contact the Probate and Inheritance Tax Helpline for help in completing these forms.

Making a will

For more details on working out how to distribute the estate according to the intestacy rules, tool on GOV. For more info visit Citizens Advice. For more info visit NI Direct. For more information go to Gov. Did you find this guide helpful? Yes No.

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Care to share? Thank you for your feedback. Related guides Help paying for a funeral How much does a funeral cost? Claiming bereavement support payment and other benefits. How much is the average gas and electricity bill per month? More in 'When someone dies' What to do when someone dies How much does a funeral cost? Help paying for a funeral What to do when someone dies and leaves a will When to use a probate solicitor or specialist Calculating and paying tax after someone dies View all … articles in When someone dies.

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WhatsApp Logo WhatsApp Need help sorting out your debts, have credit questions or want pensions guidance? For everything else please contact us via Webchat or Telephone. Launch chat. So what is probate, do you need it and how do you go about getting it? Do you always need probate? Take the quiz Who applies for probate?

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Overview of the probate process Free probate checklist Inheritance tax Applying for probate How long does probate take? How much does probate cost?

The essential guide to saving money and getting the most out of your solicitor

What is probate? You've probably heard of probate, but do you know what probate actually is? What does probate mean? The dictionary defines probate as 'the official proving of a will'.

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Pretty unhelpful right? Here's a more helpful definition: Probate noun the process of dealing with someone's estate after they die. You may not need probate if the deceased only died with: Property held as joint tenants Joint bank accounts Bank accounts, pensions or share portfolios with small sums where the institution doesn't require a formal Grant. Get help with probate MyLegalAdviser has thousands of vetted and rated lawyers ready and waiting to help.

The executor: a clear, simple, error free will is important

Register the death - the death should be registered within 5 days at the local register office. Family members will often do this but the executors may need to if they don't. It's best to get a few copies of the death certificate you'll need these going forwards and a Tell Us Once reference number to notify most government departments in one go. Find the original Will - this is often with: the deceased's paperwork at home, their solicitor, their bank or the Probate Service. The Will should be kept safe and the other executors should be notified. Arrange the funeral - family members may do this, but if they don't the executors may need to.

Check the Will for any wishes the deceased had relating to their funeral and notify friends and family. It may be possible to pay the funeral invoice by presenting it along with a copy of the death certificate to the deceased's bank. Value the estate - compile a list of everything in the estate property, possessions, bank accounts, investments, debts, etc and obtain valuations.

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For property and high value items, you may need to obtain a professional valuation. Secure any property - ensure the deceased's property is secured and insured insurance may lapse on the death of the policy holder. Finances - send copies of the death certificate to banks, building societies and insurance companies and ask them to stop any direct debits and payments. Stop any government pension payments. Check if the deceased needs to file a tax return and if they owe or are due a repayment of tax. Consider setting up an executors bank account if you aren't going to use a solicitor in which case they can hold cash in their client account.

Wills - Citizens Advice

Pay any inheritance tax due by the IHT deadline. Apply for probate - if probate is needed you'll need to complete form PA1 and send all the relevant documents to the Probate Registry. We use cookies to allow us and selected partners to improve your experience and our advertising. By continuing to browse you consent to our use of cookies. You can understand more and change your cookies preferences here. In Scotland, this process is called Confirmation. Checking the will for an executor 2.

Paying for the funeral 3. Obtaining a grant of probate 4. Paying inheritance tax 5.

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  • Gathering in assets 6. Advertising in the Gazette 7. Preparing the final accounts 8. Distributing the assets. Breaks down every stage of the process into manageable tasks.

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    • Before beginning the probate process, first you'll need to see who's responsible for administering the estate. You'll find this in the will. If you're named as the executor, you'll be responsible for carrying out the following steps, known as administering the estate. In cases where you don't feel capable of doing this, you can assign a solicitor to act on your behalf, or decline the role by signing a Renunciation. You should also check the will for any requests on how the deceased wished their funeral to be conducted.

      In order to obtain permission to execute the will, you need to apply for a grant of probate. Where the estate assets are tied up in property or shares, HMRC will accept IHT payment in instalments, and only requires a tenth of the total due in advance. Find out more: inheritance rates and allowance — get to grips with IHT rules and how to manage them. The next stages of administering the estate involves gathering in all the assets you have identified, and distributing them as directed by the will.