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Probate Scotland
Hutch100uk
Posts: 610 Forumite
Does anyone know what the threshold is for needing to apply to the courts to release funds from the deceased's bank account? I understand that after a certain amount, you have to go through the courts to release the funds (using a solicitor)
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Hutch100uk wrote: »Does anyone know what the threshold is for needing to apply to the courts to release funds from the deceased's bank account? I understand that after a certain amount, you have to go through the courts to release the funds (using a solicitor)
It depends on the individual bank and even then, some will release above the levels at their discretion too.
See http://www.legalbeagles.info/forums/showthread.php?21653-Banks-requirements-and-info for a sample from various banks (not sure how up to date the figures are though, so best check with relevant bank).
Also see:
https://www.scotcourts.gov.uk/taking-action/dealing-with-a-deceased%27s-estate-in-scotland
for definition of small and large estate.butterfly )i(0
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