when a grant may not be needed
It may be possible to obtain assets in the estate of the deceased without a Grant of Probate or Letters of Administration in certain circumstances.
- where property is held as “joint tenants” – the property will automatically transfer to the surviving joint tenant
- where assets such as a bank or building society account was held in joint names – the account automatically becomes the property of the surviving account holder
- where the amount of money held in savings and investments is below £5,000.00 at any financial institution although there is no obligation on a bank, building society etc to release funds without a grant however small the amount.