Probate and Estate Planning Grimsby

Planning your estate is an important part of making the probate process simple on your loved ones. Here you’ll find additional information on probate and estate planning as well as local companies and providers that may help you in your search.

Beetenson & Gibbon
01472 240251
Lauriston House
Grimsby
Symes Bains Solicitors
01472 360991
10 Abbey Walk
Grimsby
Paul Rudd
01472 350881
Riverhead Chambers
Grimsby
Grange Wintringham Solicitors
01472 253900
St Marys Chambers
Grimsby
Sentley R Wilson Company Solicitors
01472 500504
47 Hainton Avenue
Grimsby
H K & H S Bloomer & Co
01472 350711
28 Hainton Avenue
Grimsby
Bridge Mcfarland Granville Chapman
01472 311711
19 South St. Marys Gate
Grimsby
E C Lidster & Co
01472 348417
Nelson Street
Grimsby
Wilkin Chapman Solicitors
01472 262626
New Oxford House
Grimsby
Stephen Ede Cooke & Ashton
01472 310031
New St Chambers
Grimsby
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Bank Accounts after Death

Bank Accounts while Terminally Ill

Bank Accounts After Death | Financial Affairs & Bereavement Once you become aware that you are terminally ill, consideration should be given to meeting with the bank or building society manager to discuss what action the bank are likely to take once death is notified. Some people put this off, creating difficulties after death.

Once death has occurred and the fact is notified to the bank or building society they may choose to prevent access to joint accounts. This comes at the very moment when the surviving spouse may need access to the funds. The bank or building society may continue paying out standing orders or indeed stop all transactions. If the balance of the joint account was low at the time of death this can cause defaults on critical payments such as the mortgage, car loan repayments etc.

If a couple only have a joint bank or building society account, the surviving spouse is advised to consider opening a separate account in their own name before the death of their partner takes place.

By opening a new account and paying all monies into that account, these funds can be used to pay into the joint account to ensure payment of the standing orders until the direct debits can be transferred to the new account.

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Debt after Death

Debt after the Death of a Partner, Friend or Member of your Family

Debt After Death | Paying Mortgages & Loans out of Estates

When somebody dies, their debts are paid out of their estate (money and property left behind). However, in these days where many people in the UK carry huge burdens of debt it may be that selling the estate doesn’t cover all the debt. Alternatively you may now face debt that you cannot service as a single person.

If you need a cash loan of up to £750 then go to PaydayUK

You are only responsible for a debt if the loan or credit agreement was in joint names. If in single names you are not responsible for your partner's debt, however the estate can be used to settle debts.

Dealing with debt can be very stressful, especially at a time when you are dealing with emotional stress. So how do you cope?

  • Don't panic. If you have debts then call or write to your debtors and explain the situation. In the case of bereavement they are usually very helpful.

  • Do expect to have to prove the bereavement. You may be asked to produce a Death Certificate in the case of a joint agreement.

  • If you have life insurance then find the documents and set the wheels in motion. Check to see if the person who has died had any extra mortgage protection or entitlement to a pay out from work (known as death in service).

  • Prioritise your debts. Pay off those with the highest interest first and those that are essential such as mortgage, gas and electricity.

  • Have a thorough and honest examination of all household expenditure - identify where you can save money, for example some utility providers provide discounts if you take all supplies from them. Look at sites such as for the cheapest provider. Suggested areas for potential savings include food, drink, telephone, gas, electricity, vehicles/transport and leisure.

  • Have a budget each week, make it realistic and stick to it. You may find that our budget planner is helpful.

  • Consider taking only a small amount out of the bank at the beginning of the week and using only that. This allows you to keep a grasp of what you are spending and know exactly where you are financially.

  • You may be entitled to government benefits .

You can find more key information about managing debts here.

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Understanding the Finances of a Dead Relative, Partner or Friend

Unravelling Complicated Affairs after Someone's Death

Understanding the Finances of a Dead Relative, Partner or Friend There will almost inevitably be loose ends to tidy up following a death. Some situations can be complicated and emotionally draining. Unexpected issues may even arise for years after a person’s death.

How can you deal with the unexpected and carry on with your life?
  • Arm yourself with the facts. When it comes to paperwork, financial and legal affairs - get organised. Find all the information you need, keep it together in one place and if you aren’t sure then get good advice.

  • Don’t ignore legal issues or those associated with tax or debt. It is best to get them resolved as quickly and amicably as possible.

  • Use those around you. If you are struggling to deal with a particular situation then use friends and family to help you get through it.

  • Be prepared for a few surprises. Although we have all heard of death bed confessionals they rarely take place. It is not uncommon for former spouses, mistresses, illegitimate children and unpaid debts to come out the woodwork. If you feel unable to cope with them at the time then ask for some help.

You may find it useful to get professional advice from an expert in the relevant area. You can find specialist legal, financial and counselling advice in our Finding Local Help section.

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