Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
I am sorry to hear of your loss.
Banks/Building Societies can insist on seeing the Grant of Probate before closing any account if the deceased's Estate is worth more than £5,000. Nowadays, some Banks will close an Account without sight of Probate and instead ask for the Executor to sign a Statutory Declaration before the account is then closed.
You therefore need to contact the Bank(s) to find out their requirements.
If the Bank insists on seeing Probate, then you will need to apply for this, as Executor, at your local Probate Registry. You can either do this yourself (it will entail completing a Form detailing the Assets and then attending a short interview) or you can instruct the Solicitors to do it on your behalf, and which they are likely to charge you approximately £300 plus VAT and which will entail you swearing an Oath to confirm you are the Executor.
I hope this assists you and answers your question.
Thanks for the reply so unless Im asked to prove Probate by anyone there is no need for me to 'register' the Will or myself with anyone else? I have a business aside from my paid work so I will inform my accountant of any monies left I inherit for Tax purposes and that should be the end of my duties?
Thanks for your reply.
You are correct- unless you need to obtain Probate to satisfy the Bank(s) there is nothing you need to do with the Will and there is no requirement for you to register the Will with any official body.
Yes- just let your Accountant know and that's all that needs to be done.