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What is the difference between Probate and a Will

Wills and Probate

Wills and Probate are two common legal terms that  will inevitably cross your path in life in the same way as death and taxes do. Life is unpredictable and while we don’t like to dwell on the ending we should for the sake of our friends and family. The last thing people want to deal with when grieving is a lot of legal complications caused by you not having a will. This is why we have written this post to help guide you on what they both mean and what you should do to avoid this situation. 

It does not take long to work your will out and it is not a costly legal proceeding. At its core, knowing about wills and probate is about taking control of your future and ensuring that your wishes are honored when you’re no longer here to express them. So read on and if you do decide you need assistance then get in touch with us here at Marlborough Law. 

What is Probate

Probate is the legal right to deal with someone’s property, money and possessions (their ‘estate’) when they die. It refers to the legal process of administering the estate of a deceased person, including distributing their assets and settling any debts or taxes owed. You should not make any financial plans or put property on the market until you’ve got probate.

What is a Will

A will lets you decide after your death what happens to your property, money and possessions. Having a will also helps to reduce the tax burden on your descendants. We have written previously in this blog about the importance of having a will. You might want to head over to that post to understand more…

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