The probate process is the legal method of administering a person’s estate after death, ensuring assets are collected, liabilities settled, and the remaining value passed to beneficiaries. It involves formal checks to confirm the validity of any Will and appoints those responsible for managing the estate.
Establishing the Estate and Preparing the Application
The first stage focuses on gathering information about the estate. This includes identifying assets, such as property, savings and investments, along with any outstanding debts. Executors must notify relevant organisations, request valuations and organise essential paperwork.
For estates over a certain threshold, inheritance tax considerations may arise, requiring accurate reporting before progressing. Once the estate has been valued and all forms completed, the application for a Grant of Probate or Letters of Administration can be submitted.
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Securing the Grant of Probate
The second stage begins when the application is lodged with the Probate Registry. Processing times vary with workload and complexity. Once approved, the Grant is issued, giving the executor or administrator legal authority to access funds, manage property and administer the estate. This document confirms that the individual has the right to deal with the deceased’s affairs.
Distributing the Estate and Final Administration
The final stage involves collecting estate funds, paying outstanding liabilities and distributing inheritances in accordance with the Will or intestacy rules. Executors must also produce clear estate accounts summarising all financial movements. Once these steps are completed, the administration is fully concluded.
