IHT and Non IHT Probate Forms
Obtaining a grant of probate and understanding exactly what it is can be very confusing. When somebody dies, a family member or close friend needs to apply at the probate office for a grant of probate. The grant of probate basically proves if the will, if one is found, is valid or not. Once the will is deemed as valid by a judge then the court can identify the executor of the estate, creditors with claims on the estate and the beneficiaries of the estate.
When somebody dies, you will have to gather many documents, both personal and official, in order to file for probate. In addition to finding documents you will need to register the death of your loved one and arrange a funeral. You will need to find the will of the deceased and if there is not will you need to decide who will be the administrators. You will have to find the documents of the deceased both personal and professional. Make sure you go through all the documents of the deceased. If you have any questions at all, make sure you contact the experts at Final Duties. They can help you with almost any questions you may have.
Prior to obtaining probate and carrying out the last will of the deceased, the executor of the will must fill out probate forms which can be very confusing and time consuming. Lucky, the trusted advisors at Final Duties are extremely knowledgeable about probate and probate forms. You should fill out two forms, Form PA1 and Form IHT205, after you gathered all the important documents and information regarding the deceased.
FORM PA1 is the probate application form. The FORM PA1 will require that you know the name, date of birth and death, and occupation of the deceased. You must also identify if there was a will left behind and if the deceased appointed representatives in the will. The form basically requires that you know the personal information regarding the deceased.
FORM IHT205 deals with information regarding the estate of the deceased. This particular form is used for small estates with a total value less than the inheritance tax threshold. This form is also used for estates that are worth less than £1,000,000, with no inheritance tax to pay.
Gathering all the necessary documents needed to apply for probate, applying for probate and filling out probate forms can be complicated and time consuming. The experts at Final Duties can assist you with the probate process. Click here for a free probate quote