Probate - diy?

[Floydy]

@Tpin

Sorry to hear that Floydy…best wishes mate.

Thanks bud:cool:

@Eliza

Sorry for your Loss Floyd

We left it to our solicitor to do Probate , i think it took something like 4 weeks , I dont think the tax man will take anything , you are allowed so much inheritence , ours was a property to the value of £130K we had nothing to pay on that .

Very true, Eliza, and thanks. I’m coming to think that as long as there is a death certificate, the bank shouldn’t even be involved. It should be sorted by the Court of protection.

@APRICOT

Sorry to hear about you dear Mother, Floydy.
x

Thank you, Apricot:-)

[Jazzi]

Sorry for your loss, Floydy.

[Muddy]

Sorry to here about your Mum Floydy .
Accounts are always frozen until probate is passed .
It’s no big deal you just have to take the will and swear it’s true and pay £215 for them to put the official approval on it.
Then they send you the certificate of probate -best to get several copies .

[Muddy]

Warning !!
Horrible increases to probate to come in May

New death tax confirmed: probate fees of up to £20,000 will apply from May

Disgraceful!

[Floydy]

@Muddy

Sorry to here about your Mum Floydy .
Accounts are always frozen until probate is passed .
It’s no big deal you just have to take the will and swear it’s true and pay £215 for them to put the official approval on it.
Then they send you the certificate of probate -best to get several copies .

Thanks Muddy, appreciated:)
Then when I get the certificate of probate…what happens next?

[Muddy]

You take the certificate of probate to the bank or BS and show them it and they will take a photocopy ( but best to get several copies anyway in case they want to keep them) after that they will release the fund to you.
When someone’s dies all this information is given to you when you register the death.

[susan_m]

Sorry to hear about mum Floydy .

Can I ask another question please , we have some experienced folk here .

Do you think it’s worth adding my daughter and or son as a signature on my bank account while I’m still alive n kicking . I’d trust both implicitly , it’s just that when I leave the planet it may help them to be able to get some money to oversee any expenses incurred . ?

Your thoughts please

[Jazzi]

Mum did that with me, Susan. So when she died, as I was a joint account holder (and I was Executor) I behaved as if it was my money!

[susan_m]

Thanks Jazzi , I think I’ll do this . I’ve spoken to my two and told them my will will go to probate and they will have to pay for other expenses . I just want to make it easy for them

[Floydy]

@Muddy

You take the certificate of probate to the bank or BS and show them it and they will take a photocopy ( but best to get several copies anyway in case they want to keep them) after that they will release the fund to you.
When someone’s dies all this information is given to you when you register the death.

Mostly sorted now after my appointment with the bank this morning. A solicitor is next on the agenda and then the probate can be passed through. Time will depend on their workload and then we should receive our inheritance.

[Tpin]

@susan m

Sorry to hear about mum Floydy .

Can I ask another question please , we have some experienced folk here .

Do you think it’s worth adding my daughter and or son as a signature on my bank account while I’m still alive n kicking . I’d trust both implicitly , it’s just that when I leave the planet it may help them to be able to get some money to oversee any expenses incurred . ?

Your thoughts please

Get a Lasting Power of Attorney…far better and legally secure.
It means you(the LPA holder) can make decisions and/or speak to people on their behalf without all the trouble of navigating the data protection act.

[Muddy]

Probate is mentioned in this article .
It’s true probate is going up a tax steal by the government .

My sons won't get a brass farthing from me when I die

[Muddy]

The government have now scrapped this proposed increase ( robbery ) in probate fees prior to the election .

[Floydy]

@Muddy

The government have now scrapped this proposed increase ( robbery ) in probate fees prior to the election .

Yes, good job too. Mine has just gone through.