Probate [Latin for Proof] is the legal process to deal with someone’s property, money and possessions (their ‘estate’) when they pass away.
Estate Expense Funding is a probate loan to help beneficiaries and executors working through the administration of an estate.
Depending on the value of an estate, funds may be released without obtaining probate. In other cases, proof of probate is required.
There are a number of legal and financial tasks and responsibilities to complete when a person passes away. These are termed “Administering an Estate” and one of these requirements is to apply for a ‘Grant of Probate’.