Tuesday, September 24, 2013
Recently, Patrick Collinson, money editor of the Guardian, has proposed a solution for some of Britain's probate system shortcomings. One of the most difficult aspects of the probate process is establishing facts surrounding ones death. Some of these challenges include finding out where their accounts are and what policies they have. Something that helps alleviate this problem is having a will. However, the challenge with executing a will is making sure someone finds it when you die. Currently, there is not a central searchable registry for wills in the UK. Collinson is proposing adding a searchable registry that would allow the public to search if their loved ones had a will for a small fee. Thus adding a searchable registry alleviates some of the difficulty in the probate process.
See Patrick Collinson Estates Entangled in a Probate Trap, The Guardian, Sep. 20, 2013.