Overall timeframe for probate
This depends upon the value and complexity of the estate and in simple estates we would look to complete them within 6-12 months. In more complex estates you are looking 12-24 months.
|1. Taking your instructions and identifying you.||1 week|
|2. Taking instructions from the personal representatives and obtaining supporting documentation from them.||Approximately 3 weeks|
|3. Requesting asset valuation and valuing the estate.||Approximately 6 weeks|
|4. Applying for a Grant of Representation.||The timeframe depends upon whether the estate is taxable or not a taxable estate. To prepare and submit a Grant of Representation in a case where there is no Inheritance Tax payable will generally take around 4 weeks, but in a taxable estate which is complex it can take anywhere between 8 and 16 weeks.|
|5. Obtaining the Grant.||Obtaining the Grant will depend upon how quickly the Probate Office process the application. They generally work within an 8 week timeframe but this can be longer in the case of a taxable estate.|
|6. Collecting the assets.||This will generally take around 2 – 4 weeks.|
|7. Paying the debts and legacies.||This will generally take around 2 weeks.|
|8. Selling the assets.||Asset sales in the case of property can delay probate if a buyer needs to be found. It would depend upon the circumstances of the case as to how long that would take.|
|9. Distributing the assets and paying the pecuniary legacies.||This will generally happen at the end of the case and therefore depending upon the complexity of the case it would either be at a 6 month point, or in very complex cases between 12 and 24 months.|
Preparing asset accounts
This will be the final step we take at the end of the case.