Obtaining Grants of Probate
What is Probate?
If you're dealing with the estate of someone who has died, you may need to obtain what's known as a 'grant of probate' before you can distribute their assets as set out in their will.
Dealing with a loss of a loved one itself is a very hard process especially when this adds a responsibility of dealing with the deceased’s estate.
Executors gather details of the estates assets and liabilities to ensure all liabilities are paid and the remainder of the assets are distributed to the beneficiaries.
When someone dies without a will, the Court appoints an administrator, who carries out the same function.
Some of the duties of an executor include:
- To apply and obtain a Grant of Probate (will) or Letters of Administration (no will)
- To register the death and arrange a funeral
- To identity and value the deceased’s assets
- To identity any debts and claims against the estate
- To calculate and pay inheritance tax
- Dealing with an administration of an estate can take at least 8 weeks to several years, depending on how complex the estate is.
Carter Bond Wills & Probate can handle all aspects of estate administration and provide both personal and professional service from start to finish.