How long does it take to administer an estate based on the above guide and assumptions?
Typically obtaining a Grant of Probate takes six to eight weeks. However this depends on the time taken at the start of the matter to complete the initial enquiries into the assets of the estate in order to put together the application for probate. Once the application is submitted to the Probate Registry the Grant of Probate is usually issued within 7-10 working days. Calling in the assets following obtaining the Grant (excluding any property sale) can take between 4 to 6 weeks. Once this has been done and all the liabilities of the estate settled the Executors and the residuary beneficiaries will be provided with estate accounts to approve prior to distributing the assets in the estate in accordance with the Will. This normally takes between 4 to 8 weeks. However, in Law there are timescales that the Executors may choose to comply with to protect the estate and themselves from a claim which can affect the timescales as advised above. We can advise you about this, if appropriate.
If we are instructed to obtain a Grant of Probate only based on the required information being provided by the Executors and not deal with the administration of the estate after the Grant of Probate has been issued, leaving this to be dealt with direct by the Executors then our fees will be less.
Generally speaking, obtaining a Grant of Probate only, thereafter allowing the Executors to call in the assets, meet the liabilities of the estate and distribute the assets in accordance with the Will, our fees would start from £600 plus VAT.