Probate FAQs
What is Probate, or a Grant of Representation?
Do I need a Grant of Representation?
Can an estate be administered without the assistance of a solicitor?
When is Inheritance Tax payable, and who is liable to pay it?
How is Inheritance Tax calculated, and what is the Nil Rate Band?
What is the deadline for obtaining a grant of representation?
There is no requirement that a grant be obtained at all, so long as the assets and liabilities may be handled without one. In cases where a grant is required, such as for the transfer of title to property, again there is no deadline and we occasionally see clients who realise they require a grant many years after the death of the proprietor.
However, the deadline that most people are concerned with is that imposed by HM Revenue and Customs, which begins charging interest on any unpaid IHT beginning six months after the date of death. Normally, this six month period is adequate time to get the tax documents in order, although there is a small fine payable if those documents have not been filed within a year of the date of death. Whether all of the IHT is paid on that deadline depends on the facts of the particular estate.
How much are your fees to handle a probate matter?
Estate Planning & Will Drafting FAQ's
Do I need a solicitor to draft a Will for me?
What is the Nil Rate Band and Why would I want a Nil Rate Band Trust?