'Probate' (or ‘confirmation’ in Scotland) is a term frequently used when someone talks about applying for the right to deal with the affairs of a person who has died.
Probate is sometimes called 'administering the estate' as after someone has died, their money, property and belongings need to be dealt with and administered to beneficiaries.
Probate is needed whether or not there is a Will and, due to the possibility of fraud, probate should start as soon as possible after the death.
To administer the estate, the people who are doing so (known as executors or administrators) may need to obtain a court order (known as a ‘grant of probate’ in England & Wales or a ‘confirmation’ in Scotland) to legally gain access to the assets of the estate so that they can carry out the wishes of the person who has died.
A grant or confirmation may be required depending on the size of the deceased’s estate and the kinds of assets in it.
Normally, a grant or confirmation is needed where the value of the deceased’s estate (after paying the funeral account) exceeds £5,000.
These days, banks and building societies impose their own discretionary limit upon when they require sight of a grant or confirmation. They will often release small amounts of money on receipt of a Registrar's death certificate.
The grant or confirmation vests authority in the personal representatives to deal with the estate.
Find out more on when a ‘grant of probate is required.
Probate is a complex and time-consuming process. The length of probate depends on each individual case and the size of the deceased’s estate.
For an average estate, probate takes between six to nine months from start to completion and this period includes the forms being submitted to the Probate Registry, the grant of probate being issued and payments being made to the beneficiaries.
Lawpack’s DIY Probate Kit can help you to do probate yourself, but there are some instances when professional advice should be sought, either from a bank, Trust Corporation (such as Kings Court Trust) or solicitor.
Some signs where advice should be sought include the following:
Published on: October 26, 2011