Inheritance, Wills & Probate questions?

Flugelhorn

bery_451 said:

Okay I checked and .Gov stating the fee for Probate registry is £215.

As someone mentioned earlier in this thread that both parents requiring a will each, does that mean each will needs to be registered so £215 x 2 = £430 total fees for 2 wills?

NOT YET

The wills need to stay somewhere safe
When one or both parents die you MAY need to apply for probate then and not before 

Mojisola

bery_451 said:

Okay I checked and .Gov stating the fee for Probate registry is £215.
As someone mentioned earlier in this thread that both parents requiring a will each, does that mean each will needs to be registered so £215 x 2 = £430 total fees for 2 wills?

Wills don't have to be registered anywhere while the testator is still alive.

The executors named in the will have to apply for probate in order to administer the estate after the testator has died, if the estate is big enough to need it.

If you chose to, you can register your will with the Probate Department in order to keep it safe but your executors would need to know that you'd done this so that they could get your will when the time comes - this costs £20 per will - www.gov.uk/government/publications/store-a-will-with-the-probate-service/how-to-store-a-will-with-the-probate-service

bery_451

*Cherry* said:

Is anyone actually dead?   A will is by the living to act upon when they die.  Probate is what you do after a person dies.

So a will is not required to be lodged at the probate registry in advance and is okay to be just left at home?
This is footnotes from a solicitor that came from will

Storing your Will:
We recommend that you place the completed Will in an envelope together with any Letter of Wishes and choose one of the 

following options: 

• Contact your local Probate Registry (part of your local County Court) and ask to lodge your Will there.  There will be 

a fee payable.  This is our recommended option as your Executors will need to send your original Will there upon 

your death in any event.  If you decide to change or update your Will in the future, lodging it with the Probate Registry 

will always ensure they have the latest version, which will assist your Executors, family and friends. 

• Contact your bank and ask to lodge your Will there.  Your bank may charge a fee for this service. 

• Keep your Will in a safe place at home. 

We recommend that you tell your Executors where you have stored your Will.

How does a deceased person store their will when you say its only done when death happens?

bery_451

Mojisola said:

bery_451 said:

Okay I checked and .Gov stating the fee for Probate registry is £215.
As someone mentioned earlier in this thread that both parents requiring a will each, does that mean each will needs to be registered so £215 x 2 = £430 total fees for 2 wills?

Wills don't have to be registered anywhere while the testator is still alive.

The executors named in the will have to apply for probate in order to administer the estate after the testator has died, if the estate is big enough to need it.

If you chose to, you can register your will with the Probate Department in order to keep it safe but your executors would need to know that you'd done this so that they could get your will when the time comes - this costs £20 per will - www.gov.uk/government/publications/store-a-will-with-the-probate-service/how-to-store-a-will-with-the-probate-service

Okay thanks for clarifying as I was confused earlier.
So two parents means two wills that means 2 x £20 = £40 to store 2 wills correct?
And for probate after death is it £215 per will meaning £430 for two wills for probate?

Flugelhorn

-----Yes to the storage costs if you decide to do that, re probate- it is possible that you may not need probate for both, often if a deceased person leaves everything to their spouse and the estate is simple then no probate is required - for example my parents jointly owned the house and father left about 5K in his account - no probate was needed until my mother's death as then the house was sold and there was more money in ISAs etc 

Owain_Moneysaver

The probate fee will be that at the time of application for grant of probate, and is set by the Government. The price is per Will. 

relaxtwotribes

bery_451 said:

And for probate after death is it £215 per will meaning £430 for two wills for probate?

Except that if a solicitor is applying for probate the fee is £155 per will and in your case, if you are named as executor, then you should appoint a solicitor, given your never-ending confusion over simple matters, often repeating questions that have been previously answered.
By the way, did you ever find out what the difference is between wills and gifts?

bery_451

relaxtwotribes said:

bery_451 said:

And for probate after death is it £215 per will meaning £430 for two wills for probate?

Except that if a solicitor is applying for probate the fee is £155 per will and in your case, if you are named as executor, then you should appoint a solicitor, given your never-ending confusion over simple matters, often repeating questions that have been previously answered.
By the way, did you ever find out what the difference is between wills and gifts?

Is a will something legal and a gift is not legal?

Okay never knew solicitors are cheaper than the government £215 fee? Which solicitors charge £155?
The solicitor still has still take the government route right? So if I give solicitor £155 then that means solicitor gotta top up the remaining to £215?

badger09

You clearly haven't bothered to follow my advicebadger09 said:

bery_451 said:

Okay coming back to this thread I managed to get the signatures sorted with the help from the lock down easing. Now whats the next stage? Probate? Where is this?

Before you start firing off random, unrelated questions again, please go back to the beginning of this very long thread.

Once you have read, and understood   the answers you've already been given, and read the information in the links already provided, come back with any specific questions you still have on your parents' current situation.  

Flugelhorn

bery_451 said:

relaxtwotribes said:

bery_451 said:

And for probate after death is it £215 per will meaning £430 for two wills for probate?

Except that if a solicitor is applying for probate the fee is £155 per will and in your case, if you are named as executor, then you should appoint a solicitor, given your never-ending confusion over simple matters, often repeating questions that have been previously answered.
By the way, did you ever find out what the difference is between wills and gifts?

Is a will something legal and a gift is not legal?

Okay never knew solicitors are cheaper than the government £215 fee? Which solicitors charge £155?
The solicitor still has still take the government route right? So if I give solicitor £155 then that means solicitor gotta top up the remaining to £215?

If YOU apply for probate then the charge is £215, if any solicitor applies then the charge by the courts is £155 - possibly because they are less likely to make mistakes (who knows). HOWEVER you would have to pay the solicitor a good deal more than £155 or indeed £215 to do the work for you