PROBATE: dealing with a person’s affairs after they pass away. Derived from “Grant of Probate.”
When somebody passes away, their executor(s)- who will be named in their Will if they made one- may need to apply for a Grant of Probate before they are allowed to start administering their estate. This Grant is issued by the Probate Registry, and is an official and highly important legal document. It is the responsibility of the executor to administer the estate; they are personally responsible, so it is vital that the Probate process is completed correctly.
However, the process is more difficult if a Will hasn’t been made. Instead of a Grant of Probate, you may need to apply for a Grant of Letters of Administration. This allows you to become an Administrator of the Estate.
Probate can be a lengthy and difficult process; this is heavily dependent on the size of the deceased’s estate. So, if you’re trying to work out whether or not Probate will apply to your estate, or if you’re an executor and aren’t sure if you’ll need Probate and how long it will take, consider the following:
- The assets held by the deceased- a single bank account and few assets will take less time to properly deal with than lots of assets
- Any potential claims to the estate
- The quality and extensiveness of the Will
- Any Trust agreements or additional documents
- How much time is being dedicated to the Probate process
It isn’t uncommon for Probate to take several years to be fully completed; however, on average, the process takes 6 months to a year.
Accord offer Probate services, and can act as professional executors of a Will. This removes the stress from the shoulders of the named executor, who is in most cases a family member; at such a difficult time, nobody wants to be tasked with difficult administrative work as well as grieving.
If you’re unsure about Probate and want some answers related to your case, give us a call on 01744 807048. We can listen to your circumstances and give you advice that’s right for you.