When a loved one passes away and probate is granted, it marks a pivotal moment in the estate administration process.
But for many executors and beneficiaries, the question remains: what happens next?
This blog will walk you through the essential next steps in the estate process, helping you understand your responsibilities and timelines after receiving the Grant of Probate.
What is Probate and Why Is It Important?
Probate is the legal process of proving a will and confirming the authority of the executor to administer the estate.
Once the Grant of Probate is issued by the probate registry, the executor is officially recognised and can begin handling the deceased’s assets.
For a deeper understanding of the probate process in the UK, read: Understanding the Probate Process in the UK.
What Happens After Probate Is Granted?
Once probate has been granted, the executor’s responsibilities move from administrative preparation to the distribution and management of the estate. Here are the key steps that follow:
1. Collecting the Deceased’s Assets
The executor will now be able to collect assets held by banks, investment companies, insurers, and other institutions.
These organisations usually require a certified copy of the Grant of Probate before releasing any funds.
2. Settling Debts and Liabilities
Before distributing any inheritance, the executor must:
Pay outstanding bills and debts.
Settle any taxes due, including Income Tax, Capital Gains Tax, or Inheritance Tax.
This phase ensures the estate is solvent before moving on to distributions.
3. Preparing Estate Accounts
Detailed records of all income, expenditures, debts paid, and assets collected must be prepared.
These estate accounts are essential for transparency and legal protection, especially in contentious situations.
If you are facing disagreements or potential disputes, the contentious probate can support you through the legal complexities.
4. Distributing Inheritance to Beneficiaries
Once debts and taxes are paid, the remaining assets can be distributed according to the will.
This includes:
Transferring property titles.
Allocating cash inheritances.
Handling specific bequests such as jewellery, art, or heirlooms.
5. Final Steps and Closure
After distribution, the executor should:
Obtain receipts from beneficiaries.
Finalise estate accounts.
Close any remaining bank accounts and utility services in the deceased’s name.
How Long After Probate Is Granted Does It Take to Receive Inheritance?
Many beneficiaries wonder about the timeline.
On average, it can take 3 to 6 months after the Grant of Probate is issued to receive an inheritance, depending on the complexity of the estate and any delays in asset collection or dispute resolution
What Does an Executor Do After Probate Is Granted?
After probate is granted, the executor essentially becomes the estate’s legal administrator.
Their duties include:
Managing estate assets.
Settling debts.
Communicating with beneficiaries.
Distributing the estate fairly and lawfully.
If you are unsure how to proceed as an executor, consider Probate UK service for expert guidance and support.
Tips for Executors After Grant of Probate
Stay organised: Keep a detailed log of communications, expenses, and transactions.
Communicate clearly: Keep beneficiaries informed of progress.
Seek legal advice when needed: Especially if disputes arise or if the estate is particularly complex.
Use digital tools: Online probate application simplifies the application process and saves valuable time.
Common Challenges After Grant of Probate
Delays in Asset Collection
Some institutions may have lengthy processing times or require additional paperwork.
Disputes Among Beneficiaries
Conflicts over entitlements can delay distributions. The contentious probate service is here to help.
Locating All Assets
In some cases, tracking down all the deceased’s assets can be time-consuming.
Read our guide on How to Find Probate Records Online for helpful tips.
Still Have Questions? Contact Probate Central
If you’re managing an estate and unsure about your next steps after probate has been granted, we’re here to help.
Contact us or call us directly on 020 4515 5210.
Summary
Once probate has been granted, what happens next is a structured but potentially complex process of asset management, debt settlement, and inheritance distribution.
Executors carry a heavy responsibility, but with the right support and knowledge, the process can run smoothly.
Whether you’re an executor, beneficiary, or family member, Probate Central offers the resources and services you need to navigate probate confidently and effectively.