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Probate

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Zarabanana1

Zarabanana1 Posts: 1 Newbie

16 January at 4:37PM in Deaths, funerals & probate

Just after some advice as reading conflicting things online. I am sorting my late Mum's affairs, she had a current account & savings account with NatWest, contents £23,000 and an ISA with Royal London worth £13,500 plus some small life insurance policies. Both NW & RL are releasing funds to me without probate but I am worried that the combined amount may be over a threshold... should I apply for probate?

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Comments

Keep_pedalling Posts: 20,991 Forumite

16 January at 4:40PM

There is no threshold, as long as all her assets can be released without probate you don’t need it.

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RAS Posts: 35,727 Forumite

16 January at 4:57PM

The minimum threshold for IHT is £325k and could be £1m

If you've have not made a mistake, you've made nothing

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Keep_pedalling Posts: 20,991 Forumite

16 January at 5:11PM

RAS said:

The minimum threshold for IHT is £325k and could be £1m

Yes, I should have mentioned the IHT thresholds, which would create the need to apply for probate as well.

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