If siblings have died, half-siblings or nieces and nephews over 18 can make an application. If there are half-siblings alive, then grandparents, and then aunts or uncles, and then children of aunts and uncles can make an application.
Once the application has been submitted and approved by the Probate Registry, the person named on the application will be appointed as the Estate Administrator, which confers the legal authority to close accounts, sell the property and distribute assets. For children under 18 years of age, an adult can apply on their behalf, usually a parent or someone else with parental responsibility.
It usually takes 30 days to get a grant of letters of administration if the case is simple. For more complex estates, this can take slightly longer. The administration process can take somewhere between a quarter to a year, depending upon the number of accounts in the estate and the properties that need to be sold or transferred. Applications for a grant of letters of administration costs £215, while it may cost £155 if a professional probate service is used to file an application.
Care Accountancy can help you complete legal formalities to obtain access to assets for the legal heirs after the death of a loved one and as soon as possible and without any delay.
Passing away of someone dear or a loved ones is a difficult time. During such difficult times, Care Accountancy can help you in completing all the formalities relating to the grant of letter of administration. We can deliberate and understand relevant details, value the estate, fill in the Form PA1 application and preparing necessary tax forms to attach to the probate form for signature. We can visit and attend to the Probate Registry office, attend to the appropriate inheritance tax form, and sending the application to the probate registry for approval.
Once the letter of administration has been granted, we can arrange a settlement of liabilities, and distribution of the amount due to the beneficiaries. We can also provide estate accounts for the Executors and beneficiaries, as the case may be.
Distribution Of Estate – Surviving Relatives
Living persons who are married or in civil partners at death, inherit from the estate. Those divorced, in legal termination of a civil partnership, or common-law’ partners who are neither married or in a civil partnership, cannot inherit under intestacy rules. However, partners who have separated informally are still entitled to inherit under the rules of intestacy.
If there are no surviving children, grandchildren or great-grandchildren of the deceased person, the surviving partner will inherit all the personal property and belongings of the deceased person and the whole estate with interest from the date of the death. Couples with a joint bank or building society account automatically inherit the whole amount. Property and money inherited by the surviving partner do not count as part of the deceased person’s estate when it is being valued under the intestacy rules.