The Inheritance Guide

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DIY Probate continues to grow driven by disenchantment with legal services

When someone dies executors have a choice between administering the estate themselves (DIY probate) or using a solicitor. Whilst the majority of probate cases are still undertaken by high street solicitors, the market landscape is now changing.

According to the Office of National Statistics, deaths reached just over half a million in 2013 - the first time this has happened since 2008 and a small increase of 1.5% on 2012.

Of these deaths just over half require probate (the process of obtaining authority to disburse an estate). Probate is only required where the value of the assets is above approximately £10,000, although this differs according to different asset holders.

Anecdotally thresholds beyond which probate is required have been relaxed over recent years although this has not been borne out in the proportion of probate applications which have also remained broadly flat.

Of the 255,000 probate applications in 2013 just under 100,000 of these were for DIY Probate a rise from 32% (2007) to 38% (2013). This trend is expected to continue as more customers have the information and control to seek value for money indeed in Probate ranked lowest of all legal services in this category.

The Inheritance Guide is there to support the increasing number of people who wish to perform probate themselves. There's no charge for The Inheritance Guide's sophisticated DIY probate system and if professional advice is sought we've teamed up with the following blue chip organisations - Countrywide, Prudential, and Hugh James, all experts in their respective fields.

http://www.ons.gov.uk/ons/rel/vsob1/death-reg-sum-tables/2013/info-deaths-2013.html


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