Length of Time After Probate Granted To Distribution of Assets

Seagull said:

So actually 3 beneficiaries, 2 of who are also executors.

Click to expand...

Johnno75 said:

The Solicitor (if he/she is the one who said “these things take time”) is talking BS. It takes as long as it takes the Solicitor, on the Executors’ instructions, to extract the funds from the Policies and Bank Accounts. Once Probate issues, it takes days/weeks to withdraw funds as the various institutions have no interest in holding onto such funds. The Executors need to sit on the Solicitor and get him to distribute the estate, taking into account his Final Bill (which must be in line with the original quote) and prepare a Final Estate Account. If the Solicitor won’t do this, they can complain to the LSRA. They can always seek to bypass the Solicitor and withdraw the various funds themselves, but should warn the Solicitor that they’re doing this.

Click to expand...

twofor1 said:

I was an executor, we appointed a solicitor, the main asset was a house that was sold once probate was granted. There were no complications. When the solicitor received payment for the house a final account was issued and funds distributed within 2 weeks.

The whole process of probate, house sale and distribution of funds was complete in less than a year from the person dying, only for the pandemic it would have been faster.

Click to expand...

jpd said:

Sounds as if the executors haven't a clue as to what an executor is responsible for

Click to expand...

twofor1 said:

I was an executor, we appointed a solicitor, the main asset was a house that was sold once probate was granted. There were no complications. When the solicitor received payment for the house a final account was issued and funds distributed within 2 weeks.

The whole process of probate, house sale and distribution of funds was complete in less than a year from the person dying, only for the pandemic it would have been faster.

Click to expand...