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Probate>How Long Does Probate Take?
Taking care of the affairs of person who has passed away take a long time. Probate is a complex and time-consuming process, which can involve many individuals, organizations and government departments. Insurance companies, banks and HM Revenue and Customs are just some of those that need to be contacted. On average, probate takes between six to nine months to complete and can take up to eighty working hours. It is not an unusual occurrence for it to take up to a year, perhaps longer if things are not straightforward. This period of time involves from the very start to when the beneficiaries are sent their payment, not just when the completed forms are submitted to the Probate Registry to the issue of the Grant of Administration.
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Writing a will is something that everyone should do at some point in their lives, even people who have no valuable earthly possessions to speak of.
If the estate of the deceased’s is worth £325,000 or more, inheritance tax will be owed, and needs to be paid before a grant of probate can be issued.
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If the estate of the deceased’s is worth £325,000 or more, inheritance tax will be owed, and needs to be paid before a grant of probate can be issued.