Probate Explained: The Grant, the Process and Typical Timescales

Overview

“Probate” is commonly used to describe the process of administering an estate. In practice, executors (or administrators) may need a grant of representation to collect in assets, close accounts and transfer or sell property.

When a grant is usually needed

A grant is often required where the estate includes:

• Property held solely in the deceased’s name;
• Larger bank or investment balances (thresholds vary by institution);
• Assets requiring formal authority to transfer.

Typical steps in estate administration

1. Locate the Will and confirm the personal representatives.
2. Identify assets and liabilities: bank accounts, pensions, property, debts.
3. Valuations: particularly for property and investments.
4. HMRC reporting and IHT considerations: correct route depends on the estate.
5. Apply for the grant: submit required information and documents.
6. Collect in assets and pay liabilities: including funeral costs and taxes.
7. Distribute to beneficiaries: in line with the Will or intestacy.
8. Estate accounts: recordkeeping of receipts, payments, and distributions.

Key duties and risks for executors

Executors must take reasonable steps to: preserve estate assets; pay legitimate debts; distribute correctly; and maintain proper accounts. Errors can expose executors to personal criticism or liability in some circumstances.

How Royce Legal can help

Royce Legal can assist with grant applications, asset realisation, property sale transfers, creditor management, estate accounts and beneficiary communications.