What happens after grant of probate has been obtained?

Once grant of probate has been obtained, the PRs are then able to deal with:

  • Any sales of assets
  • Collection of assets
  • Payment of any outstanding debts

This may include the following examples:

  • Closing bank accounts
  • Selling the house or transferring it into the names of the beneficiaries
  • Selling shares or transferring them to beneficiaries
  • Claiming any money which s due under life insurance policies
  • Collecting pension arrears
  • Checking or transferring insurance cover
  • Selling personal effects
  • Refunds on season tickets
  • Cancelling subscriptions
  • Cancelling passport
  • Dealing with uncashed cheques

The collection of some assets can be more difficult than others. It may be wise to get some advice when dealing with shares in a private company, family business or assets situated abroad.

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