Releasing funds before a Grant of Probate – A help or a hindrance?

Matthew Peto, senior associate, Stevens & Bolton, 20/08/2020

When someone dies, the difficult process by which financial institutions allow the deceased person’s funds to be released has long been cause for complaint. Before distributing money in a deceased person’s account, financial institutions generally require executors to obtain a Grant of Probate, which is a legal document confirming that the executor has the authority to administer the deceased person's assets.

However, obtaining a Grant of Probate can be a laborious undertaking. Executors have to complete an inheritance tax return, as well as satisfy the Court about the deceased person’s estate – certainly not a task for t...

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