Frequently asked questions about probate:

What is probate?

‘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.

Do I need 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.

The process

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.

Who needs probate?

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

What is the Probate Process?

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.

Whose responsibility is it?

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.

Why use a professional firm?

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.

Does an Executor Have Personal Liability?

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 01273 789510 or contact us via our online contact form.

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