Business, Legal & Accounting Glossary
A document from the Probate registry confirming authority for an Executor to begin the Distribution of estate. This term only applies where the estate is to be handled by an executor named in the Will; any other person carrying out this task is an ‘administrator’ (see: Administrator) and requires (Letters of administration). In Scotland, Grant of Probate is referred to as ‘confirmation’; the term is often just abbreviated to ‘probate’, as in ‘obtain probate’.
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This glossary post was last updated: 6th April, 2020 | 1 Views.