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  • FIRST POST
    • zelig
    • By zelig 7th Mar 18, 6:04 AM
    • 61Posts
    • 8Thanks
    zelig
    Advice on Probate and bank accounts
    • #1
    • 7th Mar 18, 6:04 AM
    Advice on Probate and bank accounts 7th Mar 18 at 6:04 AM
    Hi I have a few questions that maybe someone could help me with?

    My Mum died very recently and left a will which a copy of is with a Solicitor - This named me as Executor and sole beneficiary of will.The house was left to me but only her name is on the Title Deeds.

    I have recently booked a quick appointment with the bank as they say they will honour the funeral invoice first then look to arranging a further appointment to close/sort her bank accounts.

    I left my job and sold my house 3 years ago ( few 1000 equity which has now gone) and came to care for her - I only recieved 62 a week as an income for cares allowance.

    Now - I now find myself wondering how long the whole probate process will take as I have absolutely no income or savings - My Mums estate is worth around - 150,000 which is made up by house 130,00
    and bank accounts 20,000

    1) Do I get a copy of the will from the solicitors and sort the probate out myself? - Or leave it in the hands of the solicitors - I guess their fee will come out of the estate?
    2) Do I need a "Grant of Representation" for the next meeting with the bank?
    3) Who will pay Utilities / Council Tax etc
    4) Can the bank subsidise me from my mums accounts for anything?


    My mums passing is still quite raw and I have delved into sorting all that needs to be sorted asap to keep me busy
    I maybe overly thinking and worrying about things but any good advice would be most appreciated.

    Thanks Zelig
Page 1
    • Yorkshireman99
    • By Yorkshireman99 7th Mar 18, 6:51 AM
    • 4,118 Posts
    • 3,371 Thanks
    Yorkshireman99
    • #2
    • 7th Mar 18, 6:51 AM
    • #2
    • 7th Mar 18, 6:51 AM
    Hi I have a few questions that maybe someone could help me with?

    My Mum died very recently and left a will which a copy of is with a Solicitor - This named me as Executor and sole beneficiary of will.The house was left to me but only her name is on the Title Deeds.

    I have recently booked a quick appointment with the bank as they say they will honour the funeral invoice first then look to arranging a further appointment to close/sort her bank accounts.

    I left my job and sold my house 3 years ago ( few 1000 equity which has now gone) and came to care for her - I only recieved 62 a week as an income for cares allowance.

    Now - I now find myself wondering how long the whole probate process will take as I have absolutely no income or savings - My Mums estate is worth around - 150,000 which is made up by house 130,00
    and bank accounts 20,000

    1) Do I get a copy of the will from the solicitors and sort the probate out myself? - Or leave it in the hands of the solicitors - I guess their fee will come out of the estate?
    2) Do I need a "Grant of Representation" for the next meeting with the bank?
    3) Who will pay Utilities / Council Tax etc
    4) Can the bank subsidise me from my mums accounts for anything?


    My mums passing is still quite raw and I have delved into sorting all that needs to be sorted asap to keep me busy
    I maybe overly thinking and worrying about things but any good advice would be most appreciated.

    Thanks Zelig
    Originally posted by zelig
    Dont panic! You should be able to deal with probate yourself. For this you need the original will and the death certificate. Some banks will release funds before probate so you need to ask. You will be responsible for paying the utilities and council tax but note that rebates on the latter. Read up on the stickies on this forum. Plenty of hnelp available here if needed.
    Last edited by Yorkshireman99; 07-03-2018 at 8:35 AM.
    • Flugelhorn
    • By Flugelhorn 7th Mar 18, 7:26 AM
    • 755 Posts
    • 924 Thanks
    Flugelhorn
    • #3
    • 7th Mar 18, 7:26 AM
    • #3
    • 7th Mar 18, 7:26 AM
    I have found that the utilities have all been happy to wait until is probate is granted for payment - council tax said they will contact me again in 3 months, only thing that had to be paid was house insurance.

    Bank have released money from main current account to the executors account they opened for me. - this took 10 days from me seeing them, I took the will and they made their own certified copy and the death certificate. I have an account with the same bank so did not need ID.
    • Tom99
    • By Tom99 7th Mar 18, 7:38 AM
    • 2,064 Posts
    • 1,389 Thanks
    Tom99
    • #4
    • 7th Mar 18, 7:38 AM
    • #4
    • 7th Mar 18, 7:38 AM
    You will need probate in order to sell the house, that should take about 1 month.

    You can download all the forms you need here:

    https://www.gov.uk/government/collections/inheritance-tax-forms
    • Keep pedalling
    • By Keep pedalling 7th Mar 18, 8:19 AM
    • 4,983 Posts
    • 5,550 Thanks
    Keep pedalling
    • #5
    • 7th Mar 18, 8:19 AM
    • #5
    • 7th Mar 18, 8:19 AM
    Which bank is the cash in? Most will release significant sums without obtaining probate. Barclays for instance will release holdings of up to 30k.

    With your meeting with the bank, you need to take in the will, death certificate and proof of your identity.

    You don!!!8217;t need to let a solicitor handle the probate, that will just eat into your inheritance.

    As you are now the sole occupant you are responsible for the utility bills and council tax. You are no longer entitled to the carers allowance, so if you are capable of work you need to get yourself over to the job center to sign on so you can get job seekers allowance. Ask over on the benefits board about what you are entitled to.
    • zelig
    • By zelig 7th Mar 18, 8:38 AM
    • 61 Posts
    • 8 Thanks
    zelig
    • #6
    • 7th Mar 18, 8:38 AM
    Advice on Probate and bank accounts
    • #6
    • 7th Mar 18, 8:38 AM
    Thanks all

    Yorkshireman99 - I have a copy of the will and I suspect the original then is with the solicitors who originally witnessed it (will was made in 1991) - Can I just get the original and then say "Im dealing with probate myself" ?

    Flugelhorn - I have a meeting with the bank in 2 weeks and have all the rellevant docs now

    Tom99 - I am living in the house and have no intention of selling? I hope I can still remain there? Thanks for the link

    Keep pedalling- The bank is Lloyds she has 2 accounts there a) current (9600 and b) savings 13.00 - I have rellevant docs already for my meeting and have already been to DWP who say my options are Job Seekers Allowanc (Im 62 now so not to wait for pension !) and ESA for which Im guessing I will need a drs note? - I am scheduled in to the hospital for an operation shortly !!

    Many thanks All
    Zelig
    • zelig
    • By zelig 7th Mar 18, 9:01 AM
    • 61 Posts
    • 8 Thanks
    zelig
    • #7
    • 7th Mar 18, 9:01 AM
    • #7
    • 7th Mar 18, 9:01 AM
    Quick note - I read the Lloyds Bank Bereavement FAQ's and it states

    "*For accounts, products and services held with us in the sole name of the person who died, we will only need to see the Grant of Probate if the value of the accounts is more than 50,000."

    Thats one less worry !
    • SevenOfNine
    • By SevenOfNine 7th Mar 18, 10:27 AM
    • 1,275 Posts
    • 1,237 Thanks
    SevenOfNine
    • #8
    • 7th Mar 18, 10:27 AM
    • #8
    • 7th Mar 18, 10:27 AM
    Zelig, we did this 2 weeks ago, it took longer to make an appointment with the bereavement person in Lloyds than it did for them to hand over almost 15k.

    All you will need is a certified death cert & some ID (usually photo ID & a utility bill, unless you bank with them, in which case just your C/C or D/C will suffice). Took about 15 mins & it was transferred into husband's a/c (as we also bank with Lloyds), otherwise they'll give you a cheque. You'll be asked to sign a form or two, one of which is a disclaimer to protect themselves.

    We collected the original Will from the solicitor holding it, he was not named as executor so we just called to say we were coming to get it, they also took a copy of the certified death cert then gave it back. Absolutely no fuss or problems.

    I absolutely believe that people underestimate themselves & are more than capable of dealing with the probate & tax forms for a simple estate such as your mums. You have to give a solicitor all the information required to complete the forms anyway & for filling it into the boxes they'll likely A) take longer & B) charge you in the region of 800.

    If you really can't be asked, & happy to kiss goodbye to their fee, then by all means leave it in their hands. But you'll get all the help you need on the probate form itself, & though the tax form may look daunting, it isn't. There is help on it, & also an accompanying 30+ pages to go with it. We didn't print that lot off but just sat with it on screen in case we got stuck. Completed a hard copy of it, then once happy we did an on-line version purely because it looked neater. The probate form I did straight on-line because it was that simple!

    You can ask on here about any sections you're unsure about. I think you may surprise yourself.

    Land registry will have to wait for probate, so leave that for now, one step/thing at a time.

    Bills, afraid you live there so they will be down to you. You will have to change the accounts to your own name. You'll have to call all suppliers of your mum eg energy & water, phone, Sky etc, as it may be that these would be settled from your mum's estate prior to switching them over to you & it's likely you'd have a short 'grace' period for that. Always ask for the bereavement customer services/team to save you going through half of it twice!

    As YM has said, council tax first to get your 25% single person discount on.

    There will be either payments to make or refunds to process - don't panic. Organise your paperwork & make a list.

    Have you used the 'tell us once' service? Doesn't cover that much but at least DWP & local authority will be notified (& passport/driving licence etc - though those weren't high on our list of massively relevant).
    Seen it all, done it all, can't remember most of it.
    • badmemory
    • By badmemory 7th Mar 18, 10:28 AM
    • 1,603 Posts
    • 2,108 Thanks
    badmemory
    • #9
    • 7th Mar 18, 10:28 AM
    • #9
    • 7th Mar 18, 10:28 AM
    The carers allowance should run for 8 weeks after your bereavement which should give you a small breathing space before "signing on". Did you use "Tell us once" when registering her death, that should prevent any overpayment escalating which will need repaying?

    If you are the executor there is no point in leaving the will with them, in fact as the will is staightforward, why throw money away? Don't let them talk you into letting them deal with it, this is why they like to retain the original of a will after they have written it. You can't do anything without the original so they like to try to have you over a barrel.
    • zelig
    • By zelig 7th Mar 18, 12:57 PM
    • 61 Posts
    • 8 Thanks
    zelig
    Thanks again - well things have moved quite fast this morning as the bank paid the funeral invoice straight away and as he said "I have some extra time free" the also froze the account , took my bank details and said to me all I would like is to view the original will (which I,m collecting early next week) and once I have given back the cards,cheque books etc then they will pay everything by BACS into my account . Yes I heard that the Carers Allowance carrys on for a few weeks
    I got good info from HMRC this morning and they are sending me the relevant forms to fill in for me to apply for probate myself as I only need that for the house.
    Yes I have managed to change all utilites etc over to me !! made it easy as I was always a 3rd party account holder !!

    So once again many thanks to all who replied - I feel a lot less stressed

    Zelig

    so thanks again all
    • Tom99
    • By Tom99 7th Mar 18, 1:12 PM
    • 2,064 Posts
    • 1,389 Thanks
    Tom99
    I got good info from HMRC this morning and they are sending me the relevant forms to fill in for me to apply for probate myself as I only need that for the house.
    Originally posted by zelig
    Its easier to download the .pdf version of the forms and fill them in on your computer. That way any additions and carry forward figures are automatically populated. You also then had a file copy.
    • AnotherJoe
    • By AnotherJoe 7th Mar 18, 1:36 PM
    • 9,380 Posts
    • 10,356 Thanks
    AnotherJoe
    I'm just about to go through this, very simple will, little cash money, seems to me that if you use a solicitor they will simply ask you the same questions that are on the forms and act as the most expensive autocomplete function you've ever used.
    • AnotherJoe
    • By AnotherJoe 9th Mar 18, 8:33 PM
    • 9,380 Posts
    • 10,356 Thanks
    AnotherJoe
    Just to add to this, I'm well into the process now and it's a doddle, and the solicitor fees would have been money for old rope. Very very old frayed rope.

    Now, to be fair this is a very simple estate but even so every single question that is asked is first of all very straightforward , eg it's in English not legalese , but more to the point, they are questions that only the executors or family members would know the answers to so all your highly paid solicitor* will do is ask you those questions "how many surviving siblings are there" for example is the type of question or "what is the deceased's name" or other such tough questions, you'd tell them and they would fill in the form for you. For several thousand pounds consideration.

    Edit: As Tom999 has suggested if you work on the pdf form you can enter and change details if you make a mistake and when happy print out a perfect form.

    I'm also doing the estate valuation online, easy for me as the answer to nearly every question is zero or nil ! But the key point is it's just like tax self assessment in that you can add details as you go leave it and come back another day. And even if the answer isn't zero but requires some detailed investigation, that isn't something the solicitor will know they will have to ask you.


    * most likely a trainee I suspect.
    Last edited by AnotherJoe; 09-03-2018 at 8:42 PM.
    • Flugelhorn
    • By Flugelhorn 9th Mar 18, 9:22 PM
    • 755 Posts
    • 924 Thanks
    Flugelhorn
    I agree with those who say that the process is straightforward for a simple estate. I completed the forms IHT and Probate forms , got OH to check it all as there didn't seem to be much to put in them (!) , then collected the documents together and went to the probate office to hand it in. They were very helpful, checked I had the right things and gave me a receipt. Hopefully they don't find any problems and we can go onto the next stage
    • AnotherJoe
    • By AnotherJoe 9th Mar 18, 10:35 PM
    • 9,380 Posts
    • 10,356 Thanks
    AnotherJoe
    Flugelhorn, That sounds better than entrusting the original will to the post. Did you need to make an appointment or just turn up and hand the package of documents in?
    • SevenOfNine
    • By SevenOfNine 9th Mar 18, 11:18 PM
    • 1,275 Posts
    • 1,237 Thanks
    SevenOfNine
    We hand delivered twice before, but couldn't be bothered this time so opted for postal signed for on-line delivery check option (2.50). Sure enough it was confirmed as being there by the next day.
    Seen it all, done it all, can't remember most of it.
    • Flugelhorn
    • By Flugelhorn 10th Mar 18, 8:26 AM
    • 755 Posts
    • 924 Thanks
    Flugelhorn
    Flugelhorn, That sounds better than entrusting the original will to the post. Did you need to make an appointment or just turn up and hand the package of documents in?
    Originally posted by AnotherJoe
    I just turned up - (Leeds) - there were notices about "queuing along the left hand side of the room" but I was the only person there.
    • AnotherJoe
    • By AnotherJoe 10th Mar 18, 8:34 AM
    • 9,380 Posts
    • 10,356 Thanks
    AnotherJoe
    I just turned up - (Leeds) - there were notices about "queuing along the left hand side of the room" but I was the only person there.
    Originally posted by Flugelhorn
    Thanks looks like I'll be making a trip soon ! Notwithstanding registered post , I know things still go missing.
    • Flugelhorn
    • By Flugelhorn 10th Mar 18, 8:43 AM
    • 755 Posts
    • 924 Thanks
    Flugelhorn
    Thanks looks like I'll be making a trip soon ! Notwithstanding registered post , I know things still go missing.
    Originally posted by AnotherJoe
    I know, felt much happier handing it over myself.

    I also got a copy certified by local solicitor for 5 to keep in case ... well just in case!

    Got me thinking about how I must have got copies of my Father's will certified 20 years ago, then I remembered nabbing solicitor who wrote the will at Father's funeral and getting him to do the necessary (he was a relative, didn't just have a random solicitor turn up at the funeral ). Then got sad as remembering that he, and lots of others there at the time, are no longer with us.
    Oh well ever onwards - today am going to be scanning some old slides I found at Mother's house - lots of memories
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