Can you explain what the term below is all about to apply

If someone dies and leaves assets, savings (but no land or property) worth less than about £20,000, then the banks and financial institutions will allow family members to deal with distribution of the assets without the need for Probate.The Grant of Probate is a system whereby the Probate Registry produces a document called a Grant which gives the authority for executors to deal with the assets of the estate.If there is property involved, regardless of the size of the estate, there must be an application for Probate.If there is no will, it is a similar application for what are called Letters of Administration.From what you have said, it seems likely that there would be no need for Probate if the value of the estate is under £20,000. If that is the case, only one family member needs to apply to the financial institutions to deal with the assets. They sign a document which needs to be sworn in front of a solicitor, wherein they confirm that they have the authority to deal with the estate assets on behalf of the beneficiaries.If the assets are over £20,000 all land/property is involved and you want to be involved along with your siblings with the application and your siblings refuse to include you, you can place a Caveat at the probate registry which prevents the grant taking place until such time as you have removed it which you would only do when they involve you in the process.Can I clarify anything for you?