Thanks for the video guys, my mum passed away a couple of weeks ago, very helpful. I will try do the Probate process myself .. her estate is fairly straightforward. Shocked by the prices quoted the solicitors and banks.. £1000's or 1% to 3% of estate value! The government really needs to simplify this process. The last thing a grieving family needs, is a ton fees to access family members bank account savings!

I work in a bank in the US. One thing that I cannot stress enough is to have someone else on your bank accounts!! Without someone as a second owner or as a beneficiary we cannot give anyone access to those funds until it's all gone through probate. Just because someone is you spouse,child,parent or whatever doesn't mean they automatically can come to the bank and withdraw the money. Not even to pay for your debts or burial expenses! Thanks Lia and Ach for great information!

Just came across you guys, this video was hilarious yet so informative! Thank you

This is why it is good to put all your property in a trust.

It's probably a good thing that you pulled out of that first house and moved on. Who knows how long it'll take to settle. Of course the Covid pandemic has been slowing things down also. Good luck with your next project. Can't wait to see it!😍😍😍

Some points are really helpful but those who may watch this video (including myself) may have suffered a bereavement so therefore your jokes and comedy is not necessarily well received. Just think about how communicate to various audiences as it can be offensive (eg: what do you call the name of the dead person). I recommend you watch back this video and imagine it was you watching this video after suffering the lost of your father This message is not intended to be a hate message but more about reflection and awareness. Either way, your explanations were somewhat helpful and I wish you both all the very best.

Really helpful info mates! The process is basically the same in the US. It can be infuriating! Thanks for tackling this sticky topic. Well done. L&C 👍♥️😘🇬🇧

I really needed to know all the information you shared, so perfect timing and thank you so much! 👍Also, loved the skeleton and Ach's incredible sense of humor!! 😂 Tons of love from Jean ❤❤

You should do a video on pros and coms on buying probate.

It’s very similar here in the US. And, yes depending on the circumstances it can be a nightmare.

Thank you for sharing this..I am currently going through probate now for a year!?!?

We just had an offer accepted on our first house (second attempt after the seller pullout). The property is probate sadly and they are early in the application. The EA is telling me the probate application will run alongside the sale at around 12-14 weeks. But I have read countless forum posts from others who said it took 6 months to a year. And to make matters worse my current mortgage offer runs out in 3 months and I’ve just handed in my books for last year which are way lower than the previous. I feel I may be screwed!

Very informative video, thanks for sharing. Stay safe. xx

Very interesting... thank you. Learned a lot!

Here in the USA, it can be years before probate is completed. It's sad.

3 months into our property purchase we’ve just found out from our solicitors that not only is the house we are buying a probable purchase that no one told us about but it still hasn’t been applied for!

A pterodactyl egg??😂😂😂 my favorite part!

I wonder if you know where l can find outcomes of cases in the UK Probate Court 🤔 l am wondering what, if anything, they can actually achieve without the help of the joint ex/or who refuses to do anything for no apparent reason. (Stuck abroad l am 3 and a half years into trying to get Probate dealt with by a joint executor who won't deal with _anything_ and stone walled any questions l put to them.)

Great Energy, thanks.

This is why a revokable living trust is so important. Bypasses most of the probate issues. The hardest part is getting the power of attorney certificate. After that, it's just finding the assets and dividing (or selling) them according to the Trust instructions. Still takes months, but you don't have to wait for the court to make decisions.

You can avoid probate if you instead create a living trust.

In the US you can put everything into a living trust and and have everything listed in it and what to do and theres not inheritance tax.... it's a trust.

My husband passed away 11 May 2021 I have started to get all information together but my father in law wants my husbands estate there was no will left in the UK..I am the wife we had no children...please advise he is asking for half of the assets? Can he?

Yeah my brother and sister-in-law went through something like that but it was faster for them it took 3 months longer and they got their house which was an "as is" house. Apparently that's a steal here is California for only 400K

So probate means the dead person need to sort out their shit...LOL😂

Cool

Amazing video you're both so funny might need a pterodactyl egg now 😂😂

Mine cost 3,500 dollars for me to get my moms home put in my name and this was with my executive signature who was my brother

6:25 No. it was “What ice cream an I going to devour tonight.” 🇬🇧🇺🇸