Small estates
Banks raise probate limits
A number of banks have increased their probate limits allowing bereaved relatives to withdraw more from their loved one’s accounts. Lloyds Bank has raised its limit from £25,000 to £50,000 and Royal Bank of Scotland from £15,000 to £25,000. HSBC has removed its £20,000 limit altogether and will now assess all cases individually.
The firm aims to give its clients the benefit of long experience, which is considerable bearing in mind the fact that all of the partners have been in practice in Northern Ireland for over twenty or more years.
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