Probate in St Neots & Biggleswade

What is probate?

Probate definition: in England and Wales probate is the word normally used to describe the legal and financial processes involved in dealing with the property, money and possessions (called the assets) of a person who has died. Probate is the process of proving that a will is valid (if there is one) and confirming who has authority to administer the estate of the person who has died. Before the next of kin or executor named in the will can claim, transfer, sell or distribute any of the deceased's assets they might have to apply for a grant of probate.

When is probate required?

1 in 2 people need probate after someone dies. Whether probate is needed depends on what the person owned when they were alive. For example, if they owned a property in their sole name, or had other high value assets, it’s likely you’ll need probate to deal with their estate. The need for probate doesn't depend on whether there's a Will, it depends on the financial situation of the person who died. The process is very similar regardless of whether there's a will or not, but some of the terminology is different.

Do I Need Probate For Premium Bonds?

Premium Bonds are governed by National Savings and Investments (NS&I). If the Premium Bonds holding is more than £5,000 probate will be required. After a Premium Bond holder dies, NS&I can keep the holding in the prize draw for up to 12 months. A claim form will need to be completed that asks NS&I to either keep the bonds in the prize draw or encash them.

My name is Richard Woodward and I am the proprietor of a local Will writing and Probate business that has been trading in the town of St Neots since 2012.  I offer  a FREE telephone consultation in order to understand your requirements and in most cases the work you need can be completed via telephone, video, email and Royal mail, offering this remote option is time effective and keep fees down. I has over 35 years  experience and will talk to you in plain English, your satisfaction is my priority.

Need to talk? talking is free, telephone me on 01480 290060 8am - 1pm - Monday - Friday.