thank you. I agree therefore that basis you will require probate which has the purpose of my question is not all states require probate depending upon their value and make up.
The person or persons appointed as executor under a will can apply for probate. Some people choose to appoint a solicitor to assist them but providing you are prepared to spend a number of hours on the task, there is no reason you cannot deal with the matter yourself. the first thing to determine is whether there is likely to be any inheritance tax due. Based upon what you have told me above, I would not expect there would be because you can apply your mother's £325,000 tax allowance and on the basis she has left her property to you or her children ( if you have siblings) a further £175,000 allowance in respect of her main residence totalling £500,000 of inheritance tax allowance which exceeds the value of her estate from what you say.
Accordingly, the first thing to do is to value her estate. In respect of bank accounts this involves establishing the balance as at the date she passed away and in respect of other assets such as shares and property, evaluation will need to be obtained. The shares, this is simple as quoted shares can be valued either using a stockbroker or using an online historical shareprice service. The property, you are likely to need to obtain a valuation from an estate agent. You can normally do this for free if you intimate whether it is true or not that you are considering selling the property. In the circumstances agents will normally offer you a free valuation. If by contrast you asked for a probate valuation they may want to charge. As there is unlikely to be any tax due, there is no requirement to obtain more than one valuation for the purposes of completing an inheritance tax return as HMRC will not be very interested if there is no tax to.
You will need to complete an inheritance tax return which is likely to be form IHT205. You can do this online here once you have obtained all of the above valuations:
Once you have submitted the tax return and received the acknowledgement of submission, you can apply for probate which again can be done online using the following link: