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  • FIRST POST
    • billn
    • By billn 11th Mar 18, 8:42 PM
    • 119Posts
    • 52Thanks
    billn
    Probate
    • #1
    • 11th Mar 18, 8:42 PM
    Probate 11th Mar 18 at 8:42 PM
    I know this could be a "how long is a piece of string" question but from the readers of this forum's experience how long has it taken to complete probate on a fairly simple estate.

    Well below inheritance tax threshold
    No property
    One bank
    One insurance company

    I am just about to start the process so I am hoping for a smooth ride.

    Thank you in advance.
    If at first you don't succeed, sky diving is not for you!
Page 1
    • Yorkshireman99
    • By Yorkshireman99 11th Mar 18, 9:01 PM
    • 4,111 Posts
    • 3,367 Thanks
    Yorkshireman99
    • #2
    • 11th Mar 18, 9:01 PM
    • #2
    • 11th Mar 18, 9:01 PM
    I know this could be a "how long is a piece of string" question but from the readers of this forum's experience how long has it taken to complete probate on a fairly simple estate.

    Well below inheritance tax threshold
    No property
    One bank
    One insurance company

    I am just about to start the process so I am hoping for a smooth ride.

    Thank you in advance.
    Originally posted by billn
    Are you the executor?
    • billn
    • By billn 11th Mar 18, 9:10 PM
    • 119 Posts
    • 52 Thanks
    billn
    • #3
    • 11th Mar 18, 9:10 PM
    • #3
    • 11th Mar 18, 9:10 PM
    Joint executor
    If at first you don't succeed, sky diving is not for you!
    • Yorkshireman99
    • By Yorkshireman99 11th Mar 18, 9:29 PM
    • 4,111 Posts
    • 3,367 Thanks
    Yorkshireman99
    • #4
    • 11th Mar 18, 9:29 PM
    • #4
    • 11th Mar 18, 9:29 PM
    Joint executor
    Originally posted by billn
    Unless the other executor is a solicitor it should be quite quick.
    • billn
    • By billn 11th Mar 18, 9:38 PM
    • 119 Posts
    • 52 Thanks
    billn
    • #5
    • 11th Mar 18, 9:38 PM
    • #5
    • 11th Mar 18, 9:38 PM
    Thanks, no he is not a solicitor.
    If at first you don't succeed, sky diving is not for you!
    • Mojisola
    • By Mojisola 11th Mar 18, 9:48 PM
    • 29,233 Posts
    • 74,680 Thanks
    Mojisola
    • #6
    • 11th Mar 18, 9:48 PM
    • #6
    • 11th Mar 18, 9:48 PM
    I know this could be a "how long is a piece of string" question but from the readers of this forum's experience how long has it taken to complete probate on a fairly simple estate.

    Well below inheritance tax threshold
    No property
    One bank
    One insurance company

    I am just about to start the process so I am hoping for a smooth ride.
    Originally posted by billn
    It depends a lot on the individual companies.

    Getting probate for my Dad was held up because one insurance company acted as if they'd never come across the situation we had - all for a tiny insurance of a few hundred pounds!
    • Yorkshireman99
    • By Yorkshireman99 11th Mar 18, 9:48 PM
    • 4,111 Posts
    • 3,367 Thanks
    Yorkshireman99
    • #7
    • 11th Mar 18, 9:48 PM
    • #7
    • 11th Mar 18, 9:48 PM
    Thanks, no he is not a solicitor.
    Originally posted by billn
    In which case it is really up to you how long it takes.
    • jonesMUFCforever
    • By jonesMUFCforever 11th Mar 18, 9:54 PM
    • 24,752 Posts
    • 11,967 Thanks
    jonesMUFCforever
    • #8
    • 11th Mar 18, 9:54 PM
    • #8
    • 11th Mar 18, 9:54 PM
    Approx 6 weeks from when you both sign and send off the Probate forms.
    What goes around - comes around
    give lots and you will always receive lots
    • billn
    • By billn 11th Mar 18, 9:59 PM
    • 119 Posts
    • 52 Thanks
    billn
    • #9
    • 11th Mar 18, 9:59 PM
    • #9
    • 11th Mar 18, 9:59 PM
    Approx 6 weeks from when you both sign and send off the Probate forms.
    Originally posted by jonesMUFCforever
    Thanks, I don't think I worded my question right, I did mean from sending the forms away to when they are returned. I realise that once the probate has been granted the rest can take a while.
    If at first you don't succeed, sky diving is not for you!
    • Keep pedalling
    • By Keep pedalling 11th Mar 18, 10:03 PM
    • 4,976 Posts
    • 5,541 Thanks
    Keep pedalling
    Before you go leaping of with probate, check to see what limit his bank sets for releasing the funds without probate. I know Lloyds will release up to 50k and Barclays 30k.

    I am in a similar position with with my mothers estate, which I should be able to wrap up quickly without the need go apply for probate.
    • Owain Moneysaver
    • By Owain Moneysaver 11th Mar 18, 10:12 PM
    • 8,036 Posts
    • 8,876 Thanks
    Owain Moneysaver
    Once you've got probate things can move quickly.

    Getting probate may be delayed because you may need to wait for a figure from HMRC for income tax owed/repayable before applying for the grant, and they aren't quick at providing that. However you may be able to put an estimated figure on the IHT205 if the deceased's affairs are simple and the tax liability is small and predictable because most income has already been taxed at source.
    A kind word lasts a minute, a skelped erse is sair for a day.
    • billn
    • By billn 12th Mar 18, 7:54 AM
    • 119 Posts
    • 52 Thanks
    billn
    Thanks for the replies, I have been told by the insurance that they will require probate.

    I have already done IHT205 online which was very simple to do although the resulting report was 24 pages to print out for the co-executor. It does say that the figures can be approximate within reason which I took to mean if the estate is near to the threshold it can't be too rough guess, all the answers I gave that weren't exact were within 10.
    If at first you don't succeed, sky diving is not for you!
    • SevenOfNine
    • By SevenOfNine 12th Mar 18, 8:49 AM
    • 1,275 Posts
    • 1,235 Thanks
    SevenOfNine
    Unless the other executor is a solicitor it should be quite quick.
    Originally posted by Yorkshireman99
    That comment raised a smile YM99

    As has been said, about 6 weeks & the grants arrived, we've done 2 (1 with house involved but both below IHT limit)

    Just posted a 3rd following death of FiL on 6 Feb. Everything has been wrapped up within 5 weeks purely on the strength of the death cert, often without even having to send it, just a phone call (eg SKY, BT). Only insurance company wanted sight of the Will as well. Just some outstanding bills to pay, but all income received already.

    The ONLY organisation who annoyingly insist on waiting for the Grant is Santander. FiL paid off the mortgage donkey's years ago, but left 1 outstanding so his deeds would be stored, even though property was registered with Land Registry.

    Unfortunately it has meant (in his case anyway) that Santander are on the deeds as an interested party (or whatever the appropriate words are), and annoyingly insist on doing nothing until probate granted. Not sure how this might delay the house sale as it's on the market subject to probate. All for 1 Santander!
    Seen it all, done it all, can't remember most of it.
    • AnotherJoe
    • By AnotherJoe 12th Mar 18, 9:12 AM
    • 9,364 Posts
    • 10,318 Thanks
    AnotherJoe
    Annoying. I suppose it's not just the 1 but the process of closing the mortgage and that remains the same whether 100k or 1 is involved. This perhaps is a good answer for the occasional repeated question that comes up in the mortgages forum to the effect of "a mate down the pub told me I should leave 100 in my mortgage so the mortgage Co will store my deeds for free is that right ?".
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