What does Probate mean in NI?

If the deceased has a Will, the executor or administrator must apply for a Grant of Probate. The grant is a legal document which confirms that the executor has the authority to deal with the deceased person's assets (property, money and belongings). This is called 'administering the estate'.

What is the threshold for Probate in NI?

Probate may be required if the estate is worth more than £10,000.

How long does it take for Probate to be granted in NI?

For a straightforward small estate obtaining a Grant of Probate should not take any longer than 3 months.

How does Probate work in NI?

If a person left a Will, the people appointed as executors in the Will must apply to the Probate Registry for a Grant of Probate. This grant gives them the authority to deal with or “administer” all the property and other assets belonging to the person who has died.

How much is Inheritance Tax (IHT) in NI?

When a person dies, IHT becomes due on their estate. IHT can also fall due on some lifetime gifts but most are ignored providing the donor survives for seven years after the gift. The rate of tax on death is 40% on the value above the allowable Nil Rate Band (currently £325,000) and 20% on lifetime transfers where chargeable.

How long does it take for Probate to be completed?

The word 'probate' often refers to the entire process of settling the estate of someone who has died. From beginning to end, this process usually takes between 9 and 12 months. That said, in cases where the estate is small and uncomplicated, probate can take less time or where matters are more complex it can take longer to finalise.

What happens if you don’t actually go through the Probate process?

If Probate is needed but you don't apply for it, the beneficiaries won't be able to receive their inheritance. Instead the deceased person's assets will be frozen and held in a state of limbo. No one will have the legal authority to access, sell or transfer them.

Do I need to use a solicitor to obtain a Grant of Probate in NI?

The simple answer is NO. Your Executors can apply for the Grant themselves or appoint a Professional Executor, such as ProbateNI, to keep costs down to a minimum.

How much does the whole Probate process cost?

Costs will vary depending on how the executors choose to administer the deceased estate. If they do all the work themselves the overall costs will be relatively low, albeit very time consuming. However certain aspects of the process are complex and most families choose to engage a Professional Executor to deal with this on their behalf. ProbateNI offer a flexible service with fixed fees agreed in advance of any work commencing, so families know exactly what will be left to distribute to the deceased’s beneficiaries.