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Excepted Estate - Understanding

Hal17
Hal17 Posts: 328 Forumite
Part of the Furniture 100 Posts Photogenic
edited 4 December 2024 pm31 6:17PM in Deaths, funerals & probate
I have tried to search the forum for an answer but am still confused. The question is only for my own understanding at this time.

My Dad's currently in care and his assets are below the IHT limits. Also, his assets are spread over various bank accounts in his name with me as POA. None of the account values in any bank exceed the actual amount that would require Probate in the future.

I have read that you would still need to apply for Probate even if you do not need it? Is this correct. Many thanks.

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