Renunciation?

von

Hi, I hope someone is able to give me some advice please? My Mum passed away in April; I was her Power of Attorney so I know all about her financial affairs. She left a Will and named my older brother and sister as her Executors. They are in their 70’s and neither are in good health so they have asked me if I could deal with the Estate. None of us want to involve a Solicitor as the Estate is quite small and consists only of money in a current account and 2 separate lots of shares, which, following Covid are not worth much. I assume that to be able to cash in the shares I will need to apply for Probate however as I am not one of the Executors I’m not sure what I need to do to be able to apply for Probate. What would they need to accept my request for Probate? 

NinjaTune

Both Executors would need to complete the forms to renounce their role and then you can apply for Letters of Administration in order to deal with the estate.

von

Thanks for your reply, could you clarify what forms you mean? 

getmore4less

Start with these two,
easy to find on .gov
PA1
IHT205

JGB1955

I would start by checking that the shares need Probate before they can be sold.  If the holding is less than £10,000 it may come under the Small Estates scheme.

NinjaTune

von said:

Thanks for your reply, could you clarify what forms you mean? 

As @JGB1955 says, check with the company/companies as to whether Grant of Probate is required.  If it is then you would want form PA15 for the executors to renounce and, as mentioned earlier, PA1 and IHT205 to apply for probate.

https://www.gov.uk/government/publications/form-pa15-apply-for-renunciation-will

ETA:  Alternatively, I think both Executors could appoint you as Administrator under a Power of Attorney without renouncing and then you can deal with the estate.