Grant of Probate
A Grant of Probate, is the official court authority allowing the ‘Executors’ named in the Will to represent & manage the deceased persons’ estate. This typically involves dealing with money, property & possessions
After death, assets such as bank accounts, savings, investments etc are ‘frozen’ by the companies they are held at to protect them from being released to the wrong people. The Grant acts as a ‘key’, allowing the Executors to prove they have authority & to unlock & release the assets
A property is often the highest value asset in a person’s estate. Without a Grant of Probate, a property cannot be sold or it’s ownership transferred into the beneficiaries’ names
What does a Letter of Administration look like?
Letters of Administration
Unlike the Grant, which allows named Executors to represent the deceased, Letters of Administration allows the closest living next of kin, referred to as ‘Administrators’, the legal authority to represent & manage a deceased person’s estate
A Letter of Administration allows the Administrators the same powers as Executors to unlock and release frozen assets and to sell or transfer the ownership of a property