Inheritance Applying for Probate
You must apply for probate if the deceased has left one or more of the following:
- £5,000 or more in any bank, building society or savings account
- Stock or shares
- Life insurance or term insurance policies
- Property or land (unless it is a joint tenancy where it shall then pass to the other owner)
You do not need to apply for probate in certain circumstance, these include:
- when the deceased has left very little
- everything they owned was in joint names, such as a spouse
- if the deceased had less than £5,000 in any bank, building society or savings account.