PROBATE QUESTIONS AND ANSWERS

We regularly answer lots of probate questions through our probate helpline, if you have a question that you would like some help with, call us on 0870 740 1637 or e-mail us. Listed below are some of the most recent questions we have helped clients with :-
Resealing Probate In the UK : what is this ?
In the UK we have the
Probate Process : Does an Inheritance tax return have to be completed in every case ?
An Inland Revenue Inheritance tax return must be completed in every case. If the estate is under the Inheritance tax threshold of £325,000, then an IHT 205, must be completed. For estates above £325,000, a full inheritance tax return called an IHT 400 must be filed with the Inland Revenue, who in turn send a receipt in the form of IHT 421.
Probate Process : I am an Executor and want to sell the Deceased's property do I need probate ?
To sell a Deceased's property you will need a grant of probate, as this provides evidence of the Executors entitlement to sell the property. We regularly help Executors obtain probate quickly in house sales and if you need help with probate call us on 0870 740 1637
What is a Grant of letters of administration ?
If no will exists then the Deceased person will have died Intestate. This means that the Estate will be distributed according to the Intestacy Rules, which provide a set order of entitlement as to who will inherit the estate. The person that administers the estate is known as the Administrator under the Intestacy Rules . To collect and distribute the Deceased persons assets, the Administrator must apply to the Probate Registry for a legal document known as a Grant of Letters of Administration.
How long does Probate take ?
We are frequently asked how long probate takes. The length of time typically depends upon the size of the estate and the assets to be collected. The estate administration typically starts with the various assets and liabilities being quantified and dependant upon the financial institutions response this can be undertaken relatively quickly. Thereafter, the Inheritance tax returns need to be completed and any tax paid, this then allows the application to be made made for the Grant of Probate or Letters of Administration, after which the assets can then be collected and any liabilities settled. We find that most cases generally take between 8-12 weeks, however if Inheritance Tax has to be paid or Stautory Notices placed ( notifying potential creditors ) probate can take upto 3-5 months.
Solicitors Probate Costs and Fees : How do they charge?
Executor Duties : I am an executor no longer want to act what are my options ?
The role of an Executor is very important when adminstering an estate. For this reason, it is often the case, an executor will often appoint a Solicitor to act on his or her behalf. Typically, an executor has a number of options. Firstly, they can renounce probate, which means that the executor would have no involvement in the probate process whatsoever, secondly they can ( if there are a number of executors ) agree to `power reserved `this means that whilst they are not named on the grant of probate issued they can re-enter the probate process should they wish at a later date, or thirdly the executor can appoint an attorney to apply on their behalf.
