A Grant of Probate may be required from the Supreme Court when the deceased member left a Last Will and Testament that names executor(s) to handle the deceased estate. bcu’s requirement for a Grant of Probate to finalise the deceased estate will depend on whether the value of the deceased member's assets held at bcu is higher than our specified amount ($50,000).
The Grant of Probate will confirm that the information has proved to be correct and that the document is the true and Last Will and Testament of the deceased member. This is designed to protect the deceased member's assets and provide permission to the executor(s) to gain the information required to administer the estate.