Grant Of Probate Meaning: What Is Grant Of Probate in the UK, how do you get it and what does it allow you to do? Grant Of Probate explained.
When you lose a loved one, there is already a lot to do, and then you discover that you need to obtain probate. What is probate and what is grant of probate?
The Law In England & Wales In Relation To Probate
When someone dies in the UK with an estate (their assets) generally worth more than £5,000, so long as they do not have a partner (husband/wife or civil partner) who survives them, then you must apply for Grant Of Probate.
If someone has a surviving partner, then probate is not necessary and is completed when the surviving partner passes away.
Grant Of Probate Meaning
The Grant Of Probate that you receive from the Probate Registry gives you permission to collect in all of the assets of the deceased, settle all of the debts and then to distribute what remains in the estate to the beneficiaries in accordance with the Will.
Obtaining the Grant Of Probate gives you the power to wind up the estate of the deceased.
However, you can only apply for Grant Of Probate if there is a valid Will in existence at the time of death.
If there is no valid Will, before you can wind up the estate you will need to apply for Letters Of Administration, which is the equivalent of Grant Of Probate for people who die without a valid Will.