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Do we need probate?

3 replies

choirmumoftwo · 22/09/2020 21:23

FIL died recently. DH and his DB are joint executors and the only beneficiaries. Bank accounts sorted without probate but there is a house to sell with a charge on it due to equity release which needs to be settled. House only worth around £120,000. Will they need to apply for probate to be able to sell the house? Thanks.

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SmithfamilyRobinson · 22/09/2020 21:32

Yes: www.gov.uk/applying-for-probate/apply-for-probate
You won't be able to settle the equity release without it. Very straightforward (assuming there is a will as you mention you are executors); if total estate is up to £250k then less granularity required (there's also lower threshold). Costs outlined on gov site.

SmithfamilyRobinson · 22/09/2020 21:35

Sorry should have read more carefully probably not to sell house but yes to settle equity release.

choirmumoftwo · 22/09/2020 23:12

Thank you, I thought that might be the case.

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