Frequently asked questions about probate:
- What is probate?
- Do I need probate?
- The process
- Who needs probate?
- What is the Probate Process?
- Whose responsibility is it?
- Why use a professional firm?
- Does an Executor Have Personal Liability?
‘Probate’ is the name generally given to the process of administering someone’s estate when they die. When someone dies owning significant assets, a formal ‘grant’ must be obtained from the probate registry to enable their estate to be collected in and divided between their beneficiaries.
For more information, see our page on probate.
There are circumstances where a grant is not needed. Where the estate is less than £5,000, for instance, and only includes cash funds held in deposit accounts, you would not normally need to obtain a grant in order to obtain the money. However, where the estate includes certain assets – like land or shares – you will always need to obtain a grant.
When someone leaves assets over £5,000, one of the types of grant is usually required before those assets can be obtained and distributed. Some assets, for instance bank accounts, can be closed where the cash within them is around £5,000 (sometimes more, depending on the bank), though administrators should note that where a person dies intestate, the administrator obtains their authority from the actual grant. A grant is required to deal with other assets, like shares in a company or a house.
Anyone who needs to sort out the affairs of someone who has died and needs to access their bank accounts, investments and other assets in order to pay their debts, inheritance tax and distribute their estate. They cannot do so without a grant of probate or (where there is no Will) letters of administration. Those persons must be the executors of the Will. Where there is no Will, usually the next of kin are entitled to administer the estate and there are statutory rules about who those people are. No one who has an interest in the estate of someone who has died can receive their inheritance until such a grant has been obtained.
For more information on the probate process for estates where there is no valid Will, see our Intestacy page
There are 3 main stages to obtaining probate or administration:
- Investigating the extent of the estate.
- Completing tax returns and applying to the court for the grant.
- Collecting in the assets, paying the debts of the person who has died and distributing the remaining estate.
For more information on the probate process, go to our ‘What is Probate’ page.
The executors of the deceased’s Will are responsible for obtaining probate. In cases where the person dies without a Will, the next of kin will usually take on the responsibility. Whoever applies for probate is responsible for correctly collecting in and properly distributing the estate of the deceased after paying all taxes and other debts due (see Executor’s duties). It should be noted that where someone begins to administer an estate and chooses to stop, either because they wish someone else to or because they find out that they are not entitled to they may still attract some of the liabilities of an executor/administrator.
The probate process can be complex and time-consuming. Tax returns must be made to HMRC on the basis of information that is collated from the holders of all the deceased’s assets and liabilities, including bank accounts, investments, pensions and all other assets. Once probate has been obtained the assets must be collected in and the liabilities of the estate must be paid before the estate is distributed in accordance with the terms of the Will or the statutory order for payment where there is no Will. As an executor or next of kin who applies for a grant, you are personally liable for any mistakes or incorrect distributions.
The process relies on specialist legal and tax knowledge and there are a number of complications that can arise. For example, issues with the validity of the Will can be dealt with quickly and efficiently by an experienced professional.
We are a professional firm of experienced Wills and probate lawyers who offer a personal, efficient service. You will have the peace of mind of knowing that your affairs are being dealt with in a sympathetic, efficient manner at a price which offers excellent value for money and which is fixed at the outset.
Failure to carry out the legal duties and procedures can result in an executor being personally liable to the estate – for instance:
- Failing to safeguard assets, for example neglecting to take necessary action to preserve the value of a property.
- Misappropriation of assets: where for example an executor uses an asset of the estate for his own use rather than for the benefit of the estate.
- Failing to submit tax returns correctly within the statutory timescales or with the correct information and supporting paperwork.
- Paying the wrong people, or paying the right people but the wrong amount.
- Paying money to bankrupts rather than their trustee in bankruptcy
Contact our Probate Lawyers
Our team of probate lawyers and accountants offer a friendly, efficient and comprehensive service. We take care of every detail, saving you stress and giving you time when you need it most. Call us to speak to a lawyer today on 0845 034 7344 or contact us via our online contact form.
Caroline C, Brighton
Responded very quickly to any questions and acted promptly to any requests. I would have no hesitation in recommending you to friends and family.
Wendy B, Hertfordshire
Many thanks for all your help, your service has been a great help to my Uncle at a very stressful time.
Brian S, Kent
Gave up to date notifications of progress and clear explanations for each stage of the procedure. A very personalised relationship between Probaters and myself.
Susan W, Somerset
Excellent service from beginning to end.
Susan C, East Sussex
Thank you for all your help in dealing with the estate of my Father and Step Mother, I couldn’t believe the amount of work you had to do to finalise everything and I’m extremely grateful.
Douglas P, Hertfordshire
I would recommend the service to anybody.
Joanne H, Essex
I know there was a delay in arranging my Mother’s funeral. Nevertheless, I was amazed (and pleased) that you obtained probate on the same day.
John Masters, Eastbourne
You dealt with the estate of my father and were always conscientious and efficient, and very good value…
Rachel Eustace, Surrey
Thank you for all your help and for making things go so smoothly, I will certainly use you in the future.
Robert Lee, London W1
The estate was fairly complex, and you handled everything quickly and effectively. Thank you for all your help.
Thank you both so much for all your help and hard work. We are really grateful for your guidance, advice and expertise. You have both helped us enormously, at a time when we could not have appreciated it more.