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Grant of probate arrived in post.. what now?

head_above_water
Posts: 73 Forumite

The soliciter has sent my mum 4 x grants of probates. Am i right in thinking all we have to do now is take these to the banks concerned and they will transfer money into mums accounts?
Dad also had BT shares and shares from somewhere called Investco perpetual. we sent the Death certificate a while ago and they asked for probate( although only for a small amount). I guess I post the probate to them and ask them to send a cheque.
Sorry for all the questions, but my Dad was very private about his money affairs and Mum didn't know he had shares and savings. He always said Mum would be taken care of, but he never said how or what to do. how I wish I could talk to him right now.
Dad also had BT shares and shares from somewhere called Investco perpetual. we sent the Death certificate a while ago and they asked for probate( although only for a small amount). I guess I post the probate to them and ask them to send a cheque.
Sorry for all the questions, but my Dad was very private about his money affairs and Mum didn't know he had shares and savings. He always said Mum would be taken care of, but he never said how or what to do. how I wish I could talk to him right now.
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You will need to provide the sealed copies to everyone who holds financial interest. Photocopies are generally not accepted, so make sure every copy you provide to these financial institutions has the impressed court seal.
They shouldn't need to keep them just see them, and I have asked for mine to be returned. The only copy retained was our solicitor selling my mums house, and he needed the original LoA to submit with the house deeds as the property is being sold as a probate sale.3.6kWp Solar PV with 14kWh battery storage - Octopus Go Faster 5h & Octopus Gas Tracker tariffs.
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Some banks have their own forms, so get those too- may speed things up0
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I used to work in one of the High Street banks, and whenever someone came in with a Grant of Probate, we always took a photocopy, stamping that copy with a Bank stamp 'Original seen' and signed that. Then giving the original back to the informant. The certified copy was then forwarded to the Financial Services Dept of the Bank, upon their receipt they closed the account and issued the Banks closing cheque for the account(s).0
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I have just dealt with my father's accounts held at the Nationwide. They have been very helpful and made a stressful time as easy as possible. I went into the branch with a completed form they have provided (signed by myself and my co-executor)and a sealed copy of the Grant of Probate. Although it was not requested, I also took in a copy of the Will and an original death certificate.
The branch photocopied the will and the death certificate but retained the Grant. Within six days, the money was in my bank account. Kudos to Nationwide. I have since had all the documents returned to me. I did not expect to receive the Grant back as I had got extra copies when I applied for the Probate. My brother and I did the application ourselves. It was surprisingly easy in the end. We were under the IHT threshold and the whole thing cost us only around £130. The process only took six weeks from start to finish. A big saving from having a solicitor do the work.0 -
I used to work in one of the High Street banks, and whenever someone came in with a Grant of Probate, we always took a photocopy, stamping that copy with a Bank stamp 'Original seen' and signed that. Then giving the original back to the informant. The certified copy was then forwarded to the Financial Services Dept of the Bank, upon their receipt they closed the account and issued the Banks closing cheque for the account(s).
Yes, that's what happened when I worked for a bank.
In this case, instead of asking for a cheque on closure of the account, the executor (I assume this is the OP's mum) can ask for the funds to be paid into her accountEarly retired - 18th December 2014
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