It's difficult enough to deal with a loved one's death. Additionally, organising their funds can be a difficult and drawn-out procedure.
The executors designated in the will to carry out the deceased's wishes need legal custody over their assets, which is referred to as probate. In order to acquire access to the bank accounts of a deceased person and organise their property and goods.
According to official statistics, approximately 250,000 petitions for probate are filed each year in England and Wales.
What is probate?
Executors are given access to a decedent's assets and the authority to distribute them through the legal process of probate, also known as estate management.
The phrase "estate" refers to all their assets, including real estate, cash, and personal belongings. The personal representative is the individual who has been granted probate.
Do…