Probate Delays

I suspect you are familiar with the Probate process. In essence, this is accounting to HMRC the value of someone’s estate upon death. The process is often tedious and full of unhelpful jargon and bureaucratic forms. In order for beneficiaries to inherit, probate needs to be agreed or more accurately granted.

Those of you who have experienced the process at any point will have a sense of the time that it takes and the scale of the task. Often the task is delegated to a solicitor and this can be both liberating and beneficial; but not necessarily any faster.

Aware of the growing number of delays, a Freedom of Information request revealed that the number of cases taking over a year has increased by 65% according to the Ministry of Justice. Some have been as long as 23 months, some even longer. It is generally agreed that the process should take around four months.

Death is a stressful time for the survivors; and handling an estate can be very time-consuming (close to a full-time job in some instances). There are things that can be done to reduce the impact, such as placing life assurance policies into Trust. There is a degree to which we can each even ‘plan’ for our own deaths, but of course this is not something that most do; many people have not prepared their finances nor kept their affairs in good order.

We help our clients make this arduous and stressful task a little easier for their loved ones when the time comes – and rest assured they will be grateful to you for it.