Is probate a good idea?

Probate can be an often expensive and time-consuming process. However, it can be a good and necessary way to ensure the executor of the estate has the relevant authority to manage the assets and carry out the final wishes of the individual who has passed away. Without probate, the process of distributing assets can be complicated and cause delays in closure for grieving family members.

There are a few key things to consider before going through with probate:

• The value of the estate: Probate is often only necessary if the estate is valued over a certain amount.
• The type of assets in the estate: Probate may not be necessary if all the assets are held jointly or have named beneficiaries.
• The wishes of the deceased: If the individual who passed away had specific wishes for how their estate should be handled, it may be best to go through probate in order to ensure those wishes are carried out.

Probate can be a good idea in many situations, but it’s important to weigh all the factors before making a decision. If you have any questions, it’s best to consult with an experienced probate solicitor who can help guide you through the process.

Here at Legacy Wills & Probate, we’re proud to offer the leading probate service in Bolton and across the UK. For more information, don’t hesitate to get in touch today.