How long does inheritance take to come through?
How long does inheritance take to come through?
Author
Discussion

Goochie

Original Poster:

5,727 posts

235 months

Tuesday 22nd February 2011
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Without wanting to sound greedy/morbid etc. my grandfather passed away on New Years eve with the funeral around mid-Jan.

My Dad and Aunt have appointed a solicitor to deal with his affairs which consisted of about £500k in a mixture of shares, premium bonds and other investments.

My Dad has mentioned that I'm in-line for some inheritance but being the polite chap I am (at least in front of parents) I diddnt ask how much or when it would come through.

So, how long do these things normally take?

The Leaper

5,349 posts

222 months

Tuesday 22nd February 2011
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How long is a piece of string? I've been an executor 8 times and it always seems to take lot longer than anticipated. Is property involved? If so, think up to 18 months maybe. If not, then maybe a lot less.

R.

oldbanger

4,328 posts

254 months

Wednesday 23rd February 2011
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I'm executor for my sister's estate, and it's been nearly 2 and a half years so far.

tank slapper

7,949 posts

299 months

Wednesday 23rd February 2011
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It depends entirely on how complex the estate is. If there are assets to be realised (like property) then the process is delayed by however long that takes to sort out. For my Grandad's estate, it took around 6 months before any money was paid out to those due it, but we were fortunate in being able to sell his place very soon after it went on the market.

Big Al.

69,281 posts

274 months

Wednesday 23rd February 2011
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2 years + for TMIL, solicitors where the executors rolleyes

Mr E Driver

8,542 posts

200 months

Wednesday 23rd February 2011
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With my mum's estate it took it took 18 months and her estate was quite simple and easy. It is the IR and the DWP that are slow and don't seem to know what their own rules are. If there are a lot of bequests they all get paid first after the bills have been paid.
They mess the solicitor around who then charges you more and I am sure our incompetent government cost me a lot more than it should.
After my Mum died I got a letter from the DWP saying they had overpaid her even though I told them the day after she died she no longer needed their money.
A couple of days later I got another letter and I paid that too, then after the weekend they sent another letter demanding money, again I paid the amount.
About a month later I got another letter, this time with a cheque and they were telling me I had overpaid them.
It's no wonder the country is in the state it is with amateurs running the DWP like this. mad

Goochie

Original Poster:

5,727 posts

235 months

Wednesday 23rd February 2011
quotequote all
Thanks for the replies.

There is no property involved as that was some 6 months ago when he had to move into residential care.

NDA

23,382 posts

241 months

Wednesday 23rd February 2011
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Goochie said:
Thanks for the replies.

There is no property involved as that was some 6 months ago when he had to move into residential care.
Who paid for his residential care?

That could account for a delay if the local council want the money back from his estate.

Goochie

Original Poster:

5,727 posts

235 months

Wednesday 23rd February 2011
quotequote all
NDA said:
Who paid for his residential care?

That could account for a delay if the local council want the money back from his estate.
I've no idea.

Big Al.

69,281 posts

274 months

Wednesday 23rd February 2011
quotequote all
Goochie said:
Thanks for the replies.

There is no property involved as that was some 6 months ago when he had to move into residential care.
No property involved in the MIL estate 5 main bank accounts and 13 sets of shares, still took 2 + years. rolleyes

ClassicMercs

1,703 posts

197 months

Wednesday 23rd February 2011
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As with all matters involving a solicitor - these things take longer than they need to often.

They have to justify there large bills somehow - and longer time spans makes the work look more expensive than it is. Imagine getting the same large bill very quickly - you would complain more than you do already.rage

DIY - cheap and easy. Can still be slowed down though by some of the idiots you need to deal with - mainly in banks / similar.

200bhp

Original Poster:

5,727 posts

235 months

Saturday 2nd July 2011
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Once an estate has "gone to probate" what is involved from there? Is this the home straight?

greygoose

9,076 posts

211 months

Saturday 2nd July 2011
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Has Probate been granted yet or just applied for?

CooperD

3,034 posts

193 months

Saturday 2nd July 2011
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I was the sole heir to my mother's estate and although named as an executor I got a solicitor to do the work, and it was completed in about 4 months bar the sale of the house. But as others have said it may vary.

helmutlaang

472 posts

175 months

Sunday 3rd July 2011
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When my old man died he was overdrawn at the bank,in loads of debt and had no property or possesions that were worth a rub.The only thing he had was 8k in a pension pot.

I was the executor and sorted it all myself with no lawyer costs.Once probabe was applied for there was a small delay then I had to go to a court to have it all made official.took around 2 months from start to finish.

What amazed me was the people that were laying claim to his estate.His brother claimed he lent him £1500 about 15 years previously and the bank said they were charging interest in his overdraft until it was paid even though he was dead!Tossers.

200bhp

Original Poster:

5,727 posts

235 months

Monday 4th July 2011
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greygoose said:
Has Probate been granted yet or just applied for?
It's been granted.