It depends on the value of the estate. If there is a house/property or shares, then you will indeed need to apply for grant of probate.
The will itself is only proof of what needs to happen, it doesn’t give you the authority.
If on the other hand there is only money in the bank it can normally be dealt with under the smaller estate rules were you simply sign a statutory declaration at the bank that you will deal with the estate in accordance with the will or the rules of intestacy and that you have the authority to do so.
It depends really on the value of the assets but there is a property with a “lifetime mortgage” then you have no alternative but to apply for grant of probate. The mortgage will need to be repaid in addition before the property is sold although there may be very little equity in it depending on how long the mortgage has been in place for and whether the interest was being paid or was being rolled up.
Before instructing solicitors, if you don’t feel capable of dealing with it yourself, you need to ascertain the net value of the estate to make sure there is actually enough money to pay the solicitors bill.
Can I clarify anything else for you?
I am happy to answer any specific points arising from this.
Please take a moment to look at the top right-hand corner of the page and rate my service by clicking one of the stars at the top of the screen.
You may need to login again to use the rating service. Although it says "rate to finish" it doesn't close the thread and we can still exchange emails.
It's important that you use the rating service because that gives me credit.
It doesn't just give me a pat on the head! It's what gets me paid!!
There is also an experts incentive scheme whereby the more 5 star ratings I get I do actually get a pat on the head!
All you need to do is press Submit.
If you still need any points clarifying, I will still reply because the thread does not close.