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What is Probate?

It is the legal and financial process involved in dealing with the property, money and possessions (called the assets) of a person who has died.

Executors will have been named in the will to deal with the wishes of the deceased. Before they can distribute claim, transfer, or sell or any of the deceased's assets they may have to apply for Probate.

Application has to be made to the Probate Registry who will grant probate either through a Grant of Probate or Letters of Administration. Only then can the next of kin or Executor start to deal with the deceased person’s assets in accordance with their Will. If the deceased died without a Will the law decides who should receive everything.

How does equity release work

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