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Hide this message. Home Births, deaths, marriages and care Death and bereavement. Applying for probate. Print entire guide. You will be told the documents needed depending on the bank. This will protect the bank if it turns out the money was paid off to the wrong person. Once the bank receives the required documents, they shall be able to release the funds.
If the details on the documents submitted are incorrect or have issues, then the bank will certainly take a longer period to release the money other than the usual 10 to 15 working days. Usually, it takes around 6 to 9 months to distribute the estate once probate is granted, but all this is highly dependent on how complex the estate is.
For some, it can take up to years before the probate process can be completed, thus delaying the property and estate administration.
It takes around 3 to 6 weeks to collect some of the straightforward assets such as money in the bank. In cases where there are assets like shares, property and other assets, or property abroad, the duration may be longer than anticipated. Below are some hurdles that can pop up and in turn, result in a delay in the estate administration:. Once all this has been sorted and all the debts and taxes have been cleared, then the beneficiaries can get their share of the estate.
Discussed above is an important explanation of what happens after probate is granted. Knowing what happens during and after the probate process is essential as it will guide your decision-making process. You will also learn the importance of valuing personal property for probate at the correct figure in case of any tax obligations.
At Clearance Solutions, we know and understand the importance of valuing your chattels and house contents on the correct basis. We provide you with an accurate valuation of house contents to combine with the total value for the rest of the estate. Our services are hassle-free and reliable, making your probate process easy.
To personalise content, tailor and measure ads and provide a safer experience, we use cookies. Read more. Simply, it means the court issues a document confirming that the will is valid. It also confirms the appointment of the executor.
A grant of representation gives a person the legal right to administer the estate of a person who has died. The grant of representation gives the executor or administrator the authority to deal with assets, such as bank accounts, shares and property.
It means the assets can be transferred to the name of the executor or administrator so that they can deal with them, transfer or sell them. Beneficiaries are the people that are left something in the will or under the law of intestacy— like money, property or belongings. The court needs proof that the executor listed in the will is alive, willing and able to do the tasks they need to do.
It decides if the will is the last will that the deceased person made. It also confirms that there are no objections to the will being valid. An executor can apply for probate or they can ask a solicitor or trustee company to do it for them. There are a series of steps you need to go through to apply — including advertising online that you are applying.
You also need to include an affidavit. An affidavit is a legal document that, in this case, proves to the court that the executor will administer the estate well and in line with the law.
When a person dies without a will intestate , there is no executor to administer the estate. In these cases, the closest next of kin can apply for letters of administration. The closest next of kin can also appoint a trustee company, like State Trustees, to do this for them.
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