A guide to probate: Everything you need to know
Category: Estates | Inheritances
With the coronavirus causing long delays to the process, here are the key points to remember.
Tens of thousands of bereaved families who have lost loved ones to coronavirus are dealing with the financial procedures that follow a death – called probate – but are encountering a system hit by delays and bureaucracy.
It usually takes about three to four months to sort out probate, which is essentially identifying the dead person’s assets, paying off any debts and sharing out the remaining estate according to the will.
Solicitors are warning, however, that even simple estates are taking months longer than normal to sort out. At the height of lockdown some solicitors were unable to access their offices to get physical wills, while obtaining details of bank accounts and investments has been fraught with delays.
See the original article here: https://www.theguardian.com/money/2020/jun/06/a-guide-to-probate-everything-you-need-to-know
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